MACOM Technology Solutions (NASDAQ:MTSI) PT Raised to $68.00

MACOM Technology Solutions (NASDAQ:MTSIGet Rating) had its price target increased by Cowen from $55.00 to $68.00 in a report published on Friday, Stock Target Advisor reports.

Other equities research analysts have also issued research reports about the stock. Cowen raised their price target on shares of MACOM Technology Solutions from $55.00 to $68.00 in a research note on Friday. Barclays decreased their price objective on shares of MACOM Technology Solutions from $75.00 to $65.00 and set an overweight rating for the company in a report on Monday, July 25th. Benchmark decreased their price objective on shares of MACOM Technology Solutions from $75.00 to $65.00 in a report on Friday, April 29th. StockNews.com assumed coverage on shares of MACOM Technology Solutions in a report on Thursday, March 31st. They issued a buy rating for the company. Finally, Piper Sandler decreased their price objective on shares of MACOM Technology Solutions from $85.00 to $65.00 and set an overweight rating for the company in a report on Thursday, June 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, MACOM Technology Solutions has an average rating of Buy and a consensus price target of $70.64.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $57.92 on Friday. The firm’s 50 day moving average is $50.05 and its two-hundred day moving average is $54.69. MACOM Technology Solutions has a 52 week low of $42.85 and a 52 week high of $80.30. The firm has a market capitalization of $4.05 billion, a P/E ratio of 18.93, a PEG ratio of 1.62 and a beta of 2.03. The company has a current ratio of 7.55, a quick ratio of 6.46 and a debt-to-equity ratio of 1.01.

MACOM Technology Solutions (NASDAQ:MTSIGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The semiconductor company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. MACOM Technology Solutions had a net margin of 33.38% and a return on equity of 27.65%. The company had revenue of $172.30 million for the quarter, compared to analyst estimates of $170.04 million. During the same quarter last year, the business earned $0.44 earnings per share. MACOM Technology Solutions’s revenue was up 12.9% compared to the same quarter last year. Analysts anticipate that MACOM Technology Solutions will post 2.21 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO John Kober sold 4,182 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $52.74, for a total transaction of $220,558.68. Following the completion of the sale, the chief financial officer now directly owns 77,471 shares in the company, valued at $4,085,820.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO John Kober sold 4,182 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $52.74, for a total transaction of $220,558.68. Following the completion of the sale, the chief financial officer now directly owns 77,471 shares in the company, valued at $4,085,820.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ambra R. Roth sold 6,903 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $50.00, for a total transaction of $345,150.00. Following the completion of the transaction, the senior vice president now directly owns 23,681 shares of the company’s stock, valued at approximately $1,184,050. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,085 shares of company stock worth $872,069. Corporate insiders own 28.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTSI. First Horizon Advisors Inc. lifted its position in MACOM Technology Solutions by 357.7% in the 4th quarter. First Horizon Advisors Inc. now owns 357 shares of the semiconductor company’s stock worth $27,000 after buying an additional 279 shares in the last quarter. CWM LLC purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $33,000. Covestor Ltd purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $64,000. Point72 Hong Kong Ltd purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $139,000. Finally, CIBC Asset Management Inc purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 97.56% of the company’s stock.

MACOM Technology Solutions Company Profile

(Get Rating)

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, the Asia Pacific, and internationally.

Read More

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

Want More Great Investing Ideas?

Receive News & Ratings for MACOM Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.