MACOM Technology Solutions (NASDAQ:MTSI) PT Raised to $115.00 at Benchmark

MACOM Technology Solutions (NASDAQ:MTSI) had its price target raised by Benchmark from $95.00 to $115.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts have also weighed in on the company. Barclays boosted their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an overweight rating in a report on Friday, May 3rd. Craig Hallum upped their price objective on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a buy rating in a report on Friday, May 3rd. Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a buy rating in a research note on Thursday, April 18th. Evercore ISI assumed coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an outperform rating and a $120.00 price target on the stock. Finally, Needham & Company LLC increased 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, May 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $108.33.

MACOM Technology Solutions Trading Down 1.5 %

MACOM Technology Solutions stock opened at $101.43 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.70 and a current ratio of 7.34. The stock has a 50-day simple moving average of $97.12 and a 200 day simple moving average of $88.82. The stock has a market capitalization of $7.31 billion, a P/E ratio of 115.26, a PEG ratio of 7.99 and a beta of 1.65. MACOM Technology Solutions has a 52 week low of $53.04 and a 52 week high of $107.00.

Insiders Place Their Bets

In other news, SVP Robert Dennehy sold 2,210 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $83.79, for a total value of $185,175.90. Following the completion of the sale, 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 SEC, which can be accessed through this link. In other MACOM Technology Solutions news, SVP Wayne Mack Struble sold 1,019 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $86.12, for a total transaction of $87,756.28. Following the sale, the senior vice president now directly owns 15,649 shares in the company, valued at $1,347,691.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert Dennehy sold 2,210 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold a total of 525,939 shares of company stock worth $45,338,600 in the last quarter. Corporate insiders own 22.75% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

Large investors have recently made changes to their positions in the company. Riverview Trust Co acquired a new position in MACOM Technology Solutions during the first quarter valued at approximately $47,000. RiverPark Advisors LLC bought a new position in shares of MACOM Technology Solutions in the 3rd quarter valued at $58,000. Fidelis Capital Partners LLC acquired a new position in shares of MACOM Technology Solutions during the 1st quarter worth $77,000. Harvest Fund Management Co. Ltd bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $69,000. Finally, Hennessy Advisors Inc. acquired a new stake in MACOM Technology Solutions in the fourth quarter valued at about $129,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

About MACOM Technology Solutions

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.