MACOM Technology Solutions (NASDAQ:MTSI) Sets New 12-Month High – What’s Next?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $122.60 and last traded at $121.74, with a volume of 27841 shares. The stock had previously closed at $116.69.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Piper Sandler raised their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Benchmark restated a “buy” rating and issued a $120.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, September 12th. JPMorgan Chase & Co. increased their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Barclays lifted their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

MACOM Technology Solutions Stock Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. The firm has a market cap of $8.80 billion, a PE ratio of 124.41, a PEG ratio of 4.33 and a beta of 1.69. The business has a 50-day simple moving average of $109.09 and a 200 day simple moving average of $105.94.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 305,395 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total value of $32,518,459.60. Following the transaction, the director now directly owns 6,550,889 shares of the company’s stock, valued at approximately $697,538,660.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Stephen G. Daly sold 4,742 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $118.32, for a total value of $561,073.44. Following the sale, the chief executive officer now directly owns 65,577 shares in the company, valued at $7,759,070.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan Ocampo sold 305,395 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total value of $32,518,459.60. Following the sale, the director now owns 6,550,889 shares in the company, valued at approximately $697,538,660.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 669,396 shares of company stock valued at $71,106,808 over the last ninety days. 22.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in MTSI. Millennium Management LLC grew its holdings in MACOM Technology Solutions by 958.1% during the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after purchasing an additional 1,212,094 shares during the last quarter. Hood River Capital Management LLC increased its stake in MACOM Technology Solutions by 280.5% in the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after buying an additional 519,603 shares during the period. Vanguard Group Inc. grew its position in shares of MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after buying an additional 465,759 shares in the last quarter. F M Investments LLC bought a new position in shares of MACOM Technology Solutions during the 2nd quarter worth $18,817,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of MACOM Technology Solutions by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after buying an additional 154,066 shares during the period. Hedge funds and other 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.