MACOM Technology Solutions’ (MTSI) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a report published on Monday morning,Benzinga reports. They currently have a $160.00 price objective on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the stock. Barclays boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the company from $105.00 to $140.00 in a report on Monday. Finally, Piper Sandler upped their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Trading Down 0.3 %

Shares of MTSI opened at $121.87 on Monday. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of -84.63, a PEG ratio of 2.27 and a beta of 1.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61. MACOM Technology Solutions has a fifty-two week low of $81.14 and a fifty-two week high of $152.50. The firm has a 50 day moving average price of $134.90 and a 200-day moving average price of $120.38.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data 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 positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, equities research analysts forecast that MACOM Technology Solutions will post 2.71 earnings per share for the current year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,539 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total value of $306,711.20. Following the completion of the transaction, the senior vice president now directly owns 31,206 shares in the company, valued at approximately $3,769,684.80. This represents a 7.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Kober sold 19,470 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total transaction of $2,470,353.60. Following the completion of the transaction, the chief financial officer now owns 51,489 shares of the company’s stock, valued at $6,532,924.32. This trade represents a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 238,954 shares of company stock worth $30,343,543. 16.30% of the stock is currently owned by corporate insiders.

Institutional Trading of MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of MTSI. UMB Bank n.a. grew its position in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares during the period. Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $35,000. ORG Wealth Partners LLC purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $36,000. Finally, Smartleaf Asset Management LLC grew its position in shares of MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after buying an additional 138 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.

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.