MACOM Technology Solutions (NASDAQ:MTSI) PT Raised to $120.00 at Barclays

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective boosted by investment analysts at Barclays from $115.00 to $120.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s price target points to a potential upside of 23.55% from the stock’s current price.

Other analysts also recently issued reports about the stock. Benchmark lifted their price target on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, May 6th. Stifel Nicolaus boosted their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Needham & Company LLC raised their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group reaffirmed a “buy” rating and set a $135.00 price objective (up from $100.00) on shares of MACOM Technology Solutions in a report on Monday, May 13th. Finally, Craig Hallum raised their target price on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $114.55.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $97.13 on Friday. The company has a quick ratio of 5.70, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. MACOM Technology Solutions has a 52 week low of $67.17 and a 52 week high of $118.76. The stock’s 50-day simple moving average is $106.06 and its 200-day simple moving average is $98.25. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 110.38, a PEG ratio of 5.09 and a beta of 1.69.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The company had revenue of $181.23 million for the quarter, compared to analysts’ expectations of $180.97 million. As a group, analysts expect that MACOM Technology Solutions will post 1.92 earnings per share for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 13,666 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the completion of the transaction, the chief financial officer now owns 47,006 shares in the company, valued at $4,840,677.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Susan Ocampo sold 7,326 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $102.01, for a total transaction of $747,325.26. Following the transaction, the director now directly owns 7,894,952 shares of the company’s stock, valued at $805,364,053.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO John Kober sold 13,666 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total value of $1,407,324.68. Following the completion of the sale, the chief financial officer now owns 47,006 shares of the company’s stock, valued at approximately $4,840,677.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 538,427 shares of company stock worth $55,391,868. Insiders own 22.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. 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. Price T Rowe Associates Inc. MD raised its holdings in shares of MACOM Technology Solutions by 12.5% in the 1st 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 purchasing an additional 154,066 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in MACOM Technology Solutions by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 539,249 shares of the semiconductor company’s stock valued at $50,123,000 after acquiring an additional 23,788 shares in the last quarter. Principal Financial Group Inc. boosted its position in MACOM Technology Solutions by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 517,283 shares of the semiconductor company’s stock valued at $48,081,000 after purchasing an additional 22,662 shares in the last quarter. Finally, Norges Bank purchased a new position in MACOM Technology Solutions in the fourth quarter valued at about $44,250,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

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.