Northland Securities Boosts MACOM Technology Solutions (NASDAQ:MTSI) Price Target to $105.00

MACOM Technology Solutions (NASDAQ:MTSI) had its price target upped by Northland Securities from $85.00 to $105.00 in a research report report published on Monday,Benzinga reports. They currently have a market perform rating on the semiconductor company’s stock.

Other analysts have also issued research reports about the company. Barclays increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Piper Sandler upped their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Needham & Company LLC lifted 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 upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

MACOM Technology Solutions Stock Down 1.5 %

NASDAQ:MTSI opened at $126.76 on Monday. The company’s 50-day simple moving average is $112.90 and its 200-day simple moving average is $107.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. MACOM Technology Solutions has a fifty-two week low of $79.25 and a fifty-two week high of $140.27. The stock has a market capitalization of $9.18 billion, a P/E ratio of 123.07, a P/E/G ratio of 2.42 and a beta of 1.69.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 93,728 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $106.32, for a total transaction of $9,965,160.96. Following the sale, the director now owns 6,302,256 shares in the company, valued at approximately $670,055,857.92. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert Dennehy sold 6,683 shares of MACOM Technology Solutions stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total transaction of $713,610.74. Following the completion of the transaction, the senior vice president now directly owns 26,396 shares of the company’s stock, valued at $2,818,564.88. The trade was a 20.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 269,758 shares of company stock worth $28,887,156. Insiders own 22.75% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after purchasing an additional 465,759 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of MACOM Technology Solutions by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock worth $132,821,000 after buying an additional 154,066 shares during the period. Millennium Management LLC lifted its position in shares of MACOM Technology Solutions by 958.1% during the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after buying an additional 1,212,094 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after acquiring an additional 210,151 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in MACOM Technology Solutions by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock worth $110,722,000 after acquiring an additional 69,689 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.