MACOM Technology Solutions (NASDAQ:MTSI) Price Target Increased to $110.00 by Analysts at JPMorgan Chase & Co.

MACOM Technology Solutions (NASDAQ:MTSI) had its price target hoisted by JPMorgan Chase & Co. from $105.00 to $110.00 in a report published on Friday morning, Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other brokerages have also recently weighed in on MTSI. Craig Hallum upped their price target on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a buy rating in a research report on Friday, May 3rd. Barclays boosted their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an overweight rating in a research report on Friday. Stifel Nicolaus increased their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a buy rating in a research report on Thursday, July 18th. Benchmark boosted their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock a buy rating in a research report on Friday. Finally, Evercore ISI assumed coverage on shares of MACOM Technology Solutions in a report on Tuesday, April 16th. They issued an outperform rating and a $120.00 price objective on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $114.55.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $97.13 on Friday. MACOM Technology Solutions has a 12-month low of $67.17 and a 12-month high of $118.76. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 110.38, a price-to-earnings-growth ratio of 5.09 and a beta of 1.69. The company’s 50-day moving average is $106.06 and its two-hundred day moving average is $98.17. The company has a current ratio of 8.18, a quick ratio of 5.70 and a debt-to-equity ratio of 0.45.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.05). The business had revenue of $181.23 million for the quarter, compared to analyst estimates of $180.97 million. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. Research analysts expect that MACOM Technology Solutions will post 1.92 EPS for the current year.

Insider Activity

In other MACOM Technology Solutions news, Director Susan Ocampo sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $103.02, for a total value of $7,726,500.00. Following the completion of the transaction, the director now directly owns 7,912,681 shares in the company, valued at $815,164,396.62. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Susan Ocampo sold 75,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $103.02, for a total value of $7,726,500.00. Following the completion of the sale, the director now directly owns 7,912,681 shares of the company’s stock, valued at approximately $815,164,396.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Kober sold 13,666 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total value of $1,407,324.68. Following the transaction, the chief financial officer now directly owns 47,006 shares in the company, valued at approximately $4,840,677.88. The disclosure for this sale can be found here. Insiders sold a total of 538,427 shares of company stock valued at $55,391,868 over the last three months. Insiders own 22.75% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its position in MACOM Technology Solutions by 7.3% in the second quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 99 shares in the last quarter. Duality Advisers LP increased its position in MACOM Technology Solutions by 5.9% during the fourth quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock worth $253,000 after buying an additional 152 shares during the last quarter. New York State Teachers Retirement System raised its holdings in MACOM Technology Solutions by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock valued at $765,000 after buying an additional 200 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of MACOM Technology Solutions by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after buying an additional 215 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of MACOM Technology Solutions by 0.6% during the 2nd quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company’s stock worth $4,375,000 after acquiring an additional 244 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

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.