MACOM Technology Solutions (NASDAQ:MTSI) Price Target Increased to $110.00 by Analysts at Needham & Company LLC

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective hoisted by Needham & Company LLC from $100.00 to $110.00 in a research note issued to investors on Friday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts also recently weighed in on MTSI. Barclays increased their price objective on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the company an overweight rating in a research report on Tuesday, January 16th. Stifel Nicolaus upped their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a buy rating in a research report on Thursday, April 18th. TheStreet downgraded MACOM Technology Solutions from a b rating to a c+ rating in a report on Thursday, February 1st. Evercore ISI started 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. Finally, Piper Sandler reiterated a neutral rating and issued a $85.00 price objective on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, MACOM Technology Solutions has an average rating of Moderate Buy and a consensus price target of $108.33.

MACOM Technology Solutions Trading Up 0.6 %

MACOM Technology Solutions stock opened at $103.51 on Friday. MACOM Technology Solutions has a one year low of $53.04 and a one year high of $107.00. The business’s fifty day moving average is $96.47 and its 200 day moving average is $88.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. The stock has a market capitalization of $7.46 billion, a PE ratio of 117.63, a price-to-earnings-growth ratio of 7.99 and a beta of 1.65.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 9,397 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the completion of the sale, the senior vice president now owns 48,325 shares in the company, valued at approximately $4,457,498. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 9,397 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the completion of the transaction, the senior vice president now directly owns 48,325 shares in the company, valued at approximately $4,457,498. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Ocampo sold 200,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $85.00, for a total transaction of $17,000,000.00. Following the sale, the director now owns 7,245,668 shares in the company, valued at approximately $615,881,780. The disclosure for this sale can be found here. In the last quarter, insiders have sold 725,939 shares of company stock worth $61,816,600. 22.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTSI. Duality Advisers LP grew its holdings in MACOM Technology Solutions by 5.9% during the 4th quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 152 shares in the last quarter. State of Michigan Retirement System increased its position in MACOM Technology Solutions by 1.6% in the third quarter. State of Michigan Retirement System now owns 12,900 shares of the semiconductor company’s stock worth $1,052,000 after purchasing an additional 200 shares during the last quarter. New York State Teachers Retirement System raised its stake in MACOM Technology Solutions by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock valued at $765,000 after purchasing an additional 200 shares in the last quarter. RiverPark Advisors LLC lifted its position in MACOM Technology Solutions by 29.1% during the fourth quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 208 shares during the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of MACOM Technology Solutions by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after buying an additional 215 shares in the last quarter. Hedge funds and other institutional investors 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.