MACOM Technology Solutions (NASDAQ:MTSI) Price Target Increased to $135.00 by Analysts at Stifel Nicolaus

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective increased by Stifel Nicolaus from $115.00 to $135.00 in a research report sent to investors on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

Other research analysts have also issued reports about the company. Barclays upped their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an overweight rating in a research report on Friday, May 3rd. Evercore ISI began coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They set an outperform rating and a $120.00 price target for the company. Needham & Company LLC boosted their price target on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a buy rating in a research note on Friday, May 3rd. Benchmark lifted their target price on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the company a buy rating in a research note on Monday, May 6th. Finally, Jefferies Financial Group reiterated a buy rating and set a $135.00 price target (up previously from $100.00) on shares of MACOM Technology Solutions in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $113.00.

MACOM Technology Solutions Stock Down 2.5 %

MTSI stock opened at $104.95 on Thursday. MACOM Technology Solutions has a 12 month low of $64.13 and a 12 month high of $118.76. The firm has a 50 day simple moving average of $106.32 and a 200 day simple moving average of $96.97. The firm has a market cap of $7.57 billion, a PE ratio of 119.26, a P/E/G ratio of 5.50 and a beta of 1.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.05). The company had revenue of $181.23 million for the quarter, compared to analysts’ expectations of $180.97 million. MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. Equities research analysts forecast that MACOM Technology Solutions will post 1.93 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO John Kober sold 13,666 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the sale, the chief financial officer now owns 47,006 shares of the company’s stock, valued at approximately $4,840,677.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MACOM Technology Solutions news, CFO John Kober sold 13,666 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the sale, the chief financial officer now directly owns 47,006 shares of the company’s stock, valued at $4,840,677.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 16,490 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $103.02, for a total value of $1,698,799.80. Following the transaction, the director now owns 6,972,027 shares of the company’s stock, valued at $718,258,221.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 533,427 shares of company stock valued at $54,860,618. Insiders own 22.75% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Several institutional investors have recently bought and sold shares of MTSI. Opal Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the 2nd quarter worth $39,000. Riverview Trust Co acquired a new stake in shares of MACOM Technology Solutions during the first quarter worth $47,000. GAMMA Investing LLC grew its stake in shares of MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 283 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $69,000. Finally, Fidelis Capital Partners LLC bought a new stake in MACOM Technology Solutions in the first quarter valued at approximately $77,000. Institutional investors own 76.14% of the company’s stock.

About MACOM Technology Solutions

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.