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

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

MTSI has been the topic of several other research reports. JPMorgan Chase & Co. lifted their target price 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. Stifel Nicolaus boosted their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays lifted 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. Needham & Company LLC raised their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.91.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $126.76 on Monday. 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 1-year low of $79.25 and a 1-year high of $140.27. The company has a market cap of $9.18 billion, a PE ratio of 123.07, a price-to-earnings-growth ratio of 2.42 and a beta of 1.69. The stock’s 50 day simple moving average is $112.90 and its 200-day simple moving average is $107.41.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the sale, the senior vice president now directly owns 37,102 shares of the company’s stock, valued at approximately $4,392,134.76. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen G. Daly sold 4,742 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $118.32, for a total transaction of $561,073.44. Following the transaction, the chief executive officer now directly owns 65,577 shares of the company’s stock, valued at $7,759,070.64. The trade was a 6.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,758 shares of company stock valued at $28,887,156 over the last 90 days. 22.75% of the stock is owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently modified their holdings of MTSI. Opal Wealth Advisors LLC acquired a new position in MACOM Technology Solutions in the 2nd quarter valued at about $39,000. GAMMA Investing LLC grew its holdings in shares of MACOM Technology Solutions by 153.0% in the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in MACOM Technology Solutions during the 3rd quarter worth approximately $66,000. FSC Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the 2nd quarter worth approximately $78,000. Finally, Farther Finance Advisors LLC boosted its position in MACOM Technology Solutions by 303.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 692 shares during the period. Hedge funds and other institutional investors 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.