Stifel Nicolaus Cuts MACOM Technology Solutions (NASDAQ:MTSI) Price Target to $120.00

MACOM Technology Solutions (NASDAQ:MTSI) had its target price cut by analysts at Stifel Nicolaus from $150.00 to $120.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 22.96% from the stock’s current price.

Several other research analysts have also weighed in on MTSI. Bank of America reduced their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a “buy” rating and a $125.00 price target for the company. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $105.00 to $140.00 in a research note on Monday, February 10th. BNP Paribas raised MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Wednesday, April 9th. Finally, Benchmark restated a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.83.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $97.60 on Thursday. The firm has a market capitalization of $7.26 billion, a PE ratio of -67.77, a PEG ratio of 2.42 and a beta of 1.72. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $107.97 and its 200-day moving average is $121.55. MACOM Technology Solutions has a 1-year low of $84.00 and a 1-year high of $152.50.

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

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the sale, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the sale, the director now owns 5,509,746 shares in the company, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 743,948 shares of company stock worth $92,210,640 in the last 90 days. Company insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $35,000. Charles Schwab Investment Management Inc. boosted its stake in MACOM Technology Solutions by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock valued at $69,157,000 after buying an additional 1,719 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of MACOM Technology Solutions by 22.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock worth $12,756,000 after buying an additional 18,055 shares during the period. Smartleaf Asset Management LLC boosted its holdings in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 138 shares during the period. Finally, Covea Finance increased its stake in MACOM Technology Solutions by 8.0% in the 4th quarter. Covea Finance now owns 27,000 shares of the semiconductor company’s stock worth $3,508,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 76.14% of the company’s stock.

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.