MACOM Technology Solutions (NASDAQ:MTSI) Price Target Raised to $120.00 at Craig Hallum

MACOM Technology Solutions (NASDAQ:MTSI) had its target price boosted by Craig Hallum from $95.00 to $120.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other brokerages also recently commented on MTSI. Needham & Company LLC upped their price target on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a buy rating in a report on Friday. Stifel Nicolaus upped their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a buy rating in a research note on Thursday, April 18th. Evercore ISI initiated coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They set an outperform rating and a $120.00 price target for the company. Barclays upped their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an overweight rating in a research report on Friday. Finally, TheStreet lowered MACOM Technology Solutions from a b rating to a c+ rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions currently has an average rating of Moderate Buy and an average price target of $108.33.

MACOM Technology Solutions Stock Up 0.6 %

Shares of MTSI opened at $103.51 on Friday. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. MACOM Technology Solutions has a 52-week low of $53.04 and a 52-week high of $107.00. The company has a market cap of $7.46 billion, a PE ratio of 117.63, a P/E/G ratio of 7.99 and a beta of 1.65. The business has a fifty day moving average of $96.47 and a 200 day moving average of $88.54.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 200,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $82.39, for a total value of $16,478,000.00. Following the completion of the sale, the director now owns 7,645,668 shares of the company’s stock, valued at approximately $629,926,586.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,210 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $83.79, for a total transaction of $185,175.90. Following the completion of the transaction, the senior vice president now directly owns 35,197 shares in the company, valued at $2,949,156.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $82.39, for a total value of $16,478,000.00. Following the transaction, the director now owns 7,645,668 shares in the company, valued at $629,926,586.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 725,939 shares of company stock valued at $61,816,600. 22.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its stake in shares of MACOM Technology Solutions by 8.6% in the third quarter. Asset Management One Co. Ltd. now owns 3,732 shares of the semiconductor company’s stock valued at $304,000 after purchasing an additional 294 shares during the period. Verdence Capital Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the third quarter worth $236,000. Strs Ohio grew its stake in shares of MACOM Technology Solutions by 54.5% in the third quarter. Strs Ohio now owns 5,100 shares of the semiconductor company’s stock worth $416,000 after acquiring an additional 1,800 shares in the last quarter. Advisor Partners II LLC purchased a new stake in shares of MACOM Technology Solutions during the third quarter worth $220,000. Finally, Park Avenue Securities LLC acquired a new position in MACOM Technology Solutions during the 3rd quarter worth $377,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.