Analysts Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Price Target at $117.00

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $117.00.

Several brokerages have issued reports on MTSI. Barclays raised their price objective on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark reiterated a “buy” rating and issued a $120.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, September 12th. Stifel Nicolaus lifted their price target 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. Finally, Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

MACOM Technology Solutions Trading Down 0.4 %

Shares of MTSI stock opened at $109.79 on Tuesday. The firm has a 50 day moving average price of $103.56 and a two-hundred day moving average price of $103.41. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $7.92 billion, a PE ratio of 124.76, a price-to-earnings-growth ratio of 5.46 and a beta of 1.70. MACOM Technology Solutions has a 12-month low of $68.58 and a 12-month high of $118.76.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $190.50 million during the quarter, compared to the consensus estimate of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. As a group, analysts predict that MACOM Technology Solutions will post 1.89 earnings per share for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 21,012 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the sale, the chief executive officer now owns 64,472 shares of the company’s stock, valued at approximately $7,053,236.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 21,012 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the sale, the chief executive officer now owns 64,472 shares of the company’s stock, valued at approximately $7,053,236.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction of $701,042.70. Following the sale, the senior vice president now directly owns 19,481 shares in the company, valued at approximately $1,974,983.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 659,861 shares of company stock valued at $69,961,783 over the last three months. 22.75% of the stock is owned by insiders.

Institutional Trading of MACOM Technology Solutions

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in MACOM Technology Solutions by 8.1% in the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares during the period. G2 Investment Partners Management LLC acquired a new position in MACOM Technology Solutions in the fourth quarter valued at $2,198,000. Price T Rowe Associates Inc. MD lifted its holdings in MACOM Technology Solutions by 1,533.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock valued at $114,765,000 after buying an additional 1,159,076 shares during the period. Sei Investments Co. lifted its holdings in MACOM Technology Solutions by 14.4% in the first quarter. Sei Investments Co. now owns 297,615 shares of the semiconductor company’s stock valued at $28,464,000 after buying an additional 37,407 shares during the period. Finally, Tidal Investments LLC lifted its holdings in MACOM Technology Solutions by 175.1% in the first quarter. Tidal Investments LLC now owns 11,032 shares of the semiconductor company’s stock valued at $1,055,000 after buying an additional 7,022 shares during the period. 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.