Stifel Nicolaus Increases MACOM Technology Solutions (NASDAQ:MTSI) Price Target to $115.00

MACOM Technology Solutions (NASDAQ:MTSI) had its price target hoisted by Stifel Nicolaus from $105.00 to $115.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

MTSI has been the subject of a number of other research reports. TheStreet lowered shares of MACOM Technology Solutions from a b rating to a c+ rating in a research report on Thursday, February 1st. Evercore ISI started coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an outperform rating and a $120.00 price objective for the company. Barclays upped their price objective on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the company an overweight rating in a research report on Tuesday, January 16th. Piper Sandler reaffirmed a neutral rating and set a $85.00 price objective on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Finally, Needham & Company LLC upped their price objective on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the company a buy rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $99.67.

MACOM Technology Solutions Stock Down 2.5 %

MTSI stock opened at $92.81 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24 and a quick ratio of 5.69. MACOM Technology Solutions has a 52-week low of $48.53 and a 52-week high of $104.90. The company has a 50-day moving average of $93.17 and a two-hundred day moving average of $86.93. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 89.24, a price-to-earnings-growth ratio of 6.03 and a beta of 1.64.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. MACOM Technology Solutions had a net margin of 11.93% and a return on equity of 14.85%. The company had revenue of $157.15 million during the quarter, compared to analysts’ expectations of $151.12 million. As a group, equities research analysts anticipate that MACOM Technology Solutions will post 2.02 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the completion of the sale, the director now owns 7,645,668 shares of the company’s stock, valued at $629,926,586.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Susan Ocampo sold 200,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the sale, the director now directly owns 7,645,668 shares of the company’s stock, valued at $629,926,586.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Wayne Mack Struble sold 1,019 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.12, for a total transaction of $87,756.28. Following the sale, the senior vice president now directly owns 15,649 shares in the company, valued at $1,347,691.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 811,058 shares of company stock valued at $68,674,574. Corporate insiders own 22.75% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

Several hedge funds have recently modified their holdings of MTSI. Price T Rowe Associates Inc. MD grew its stake in shares of MACOM Technology Solutions by 90.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,739,459 shares of the semiconductor company’s stock valued at $235,511,000 after purchasing an additional 1,777,798 shares during the last quarter. Norges Bank bought a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $44,250,000. Westfield Capital Management Co. LP bought a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $42,762,000. Vanguard Group Inc. boosted its stake in MACOM Technology Solutions by 8.5% in the third quarter. Vanguard Group Inc. now owns 5,204,555 shares of the semiconductor company’s stock valued at $269,545,000 after acquiring an additional 408,017 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in MACOM Technology Solutions by 136.0% in the third quarter. Bank of New York Mellon Corp now owns 507,452 shares of the semiconductor company’s stock valued at $26,281,000 after acquiring an additional 292,386 shares during the last quarter. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.