MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives $131.50 Average Price Target from Brokerages

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $131.50.

MTSI has been the subject of a number of research analyst reports. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Benchmark restated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

MACOM Technology Solutions Trading Up 0.7 %

MTSI opened at $109.76 on Friday. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $130.32 and its 200-day moving average is $122.32. The firm has a market capitalization of $8.16 billion, a P/E ratio of -76.22, a P/E/G ratio of 2.42 and a beta of 1.71. MACOM Technology Solutions has a 52-week low of $88.18 and a 52-week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. Analysts expect that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, CFO John Kober sold 2,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the completion of the transaction, the chief financial officer now owns 49,239 shares of the company’s stock, valued at approximately $6,405,501.51. The trade was a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 97,527 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the transaction, the director now directly owns 4,689,225 shares of the company’s stock, valued at approximately $581,839,038. This trade represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 747,564 shares of company stock worth $92,693,312 over the last 90 days. Insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Several hedge funds and other institutional investors have recently modified their holdings of MTSI. Citigroup Inc. lifted its holdings in MACOM Technology Solutions by 46.2% in the third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after purchasing an additional 21,786 shares during the period. Westfield Capital Management Co. LP lifted its holdings in MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in MACOM Technology Solutions by 18.4% in the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares during the period. Algert Global LLC lifted its holdings in MACOM Technology Solutions by 103.6% in the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 6,015 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in MACOM Technology Solutions by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock worth $113,044,000 after purchasing an additional 46,812 shares during the period. Institutional investors and hedge funds 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.