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 earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $128.00.

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

Insiders Place Their Bets

In other news, Director Susan Ocampo sold 105,782 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the sale, the director now directly owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. This represents a 1.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the sale, the senior vice president now directly owns 6,564 shares in the company, valued at $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 224,962 shares of company stock valued at $28,485,722 in the last quarter. 22.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MTSI. Citigroup Inc. boosted its stake in shares of MACOM Technology Solutions by 46.2% during the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after purchasing an additional 21,786 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after buying an additional 210,151 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after buying an additional 116,090 shares during the last quarter. Algert Global LLC raised its holdings in shares of MACOM Technology Solutions by 103.6% in the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock worth $1,315,000 after buying an additional 6,015 shares during the period. Finally, Millennium Management LLC lifted its stake 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 worth $149,214,000 after acquiring an additional 1,212,094 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $135.22 on Friday. The firm has a fifty day simple moving average of $127.64 and a two-hundred day simple moving average of $113.29. The firm has a market cap of $9.79 billion, a PE ratio of 131.28, a P/E/G ratio of 2.43 and a beta of 1.71. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions has a 1-year low of $79.25 and a 1-year high of $143.90.

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.