MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $125.91.

MTSI has been the topic of a number of recent research reports. Needham & Company LLC upped their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Benchmark raised their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler boosted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Northland Securities raised their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Finally, Barclays upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th.

Insider Activity

In related news, CFO John Kober sold 19,470 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total value of $2,470,353.60. Following the completion of the sale, the chief financial officer now owns 51,489 shares in the company, valued at $6,532,924.32. This represents a 27.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total transaction of $177,570.00. Following the transaction, the senior vice president now directly owns 37,102 shares in the company, valued at $4,392,134.76. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 273,268 shares of company stock valued at $32,128,941. Insiders own 22.75% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its holdings in shares of MACOM Technology Solutions by 303.7% in the first quarter. Russell Investments Group Ltd. now owns 23,591 shares of the semiconductor company’s stock valued at $2,256,000 after purchasing an additional 17,748 shares during the period. State Board of Administration of Florida Retirement System increased its stake in MACOM Technology Solutions by 15.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,965 shares of the semiconductor company’s stock valued at $1,718,000 after buying an additional 2,337 shares during the period. Vanguard Group Inc. raised its position in 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 during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of MACOM Technology Solutions by 1.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 31,011 shares of the semiconductor company’s stock worth $2,963,000 after acquiring an additional 438 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of MACOM Technology Solutions in the first quarter valued at about $171,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Trading Up 2.4 %

MTSI opened at $134.50 on Wednesday. The business has a fifty day moving average price of $116.33 and a 200 day moving average price of $108.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. MACOM Technology Solutions has a 12 month low of $79.25 and a 12 month high of $140.27. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 130.58, a PEG ratio of 2.31 and a beta of 1.69.

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.