MACOM Technology Solutions (NASDAQ:MTSI) Reaches New 1-Year High – Here’s What Happened

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) reached a new 52-week high during trading on Thursday . The company traded as high as $144.79 and last traded at $143.80, with a volume of 54014 shares. The stock had previously closed at $140.89.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MTSI shares. Northland Securities lifted their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Benchmark increased their price target on 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, Piper Sandler boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.00.

MACOM Technology Solutions Trading Up 2.1 %

The company has a market cap of $10.41 billion, a price-to-earnings ratio of 139.60, a PEG ratio of 2.33 and a beta of 1.71. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $134.30 and a two-hundred day moving average price of $117.00.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 4,742 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $118.32, for a total value of $561,073.44. Following the completion of the sale, the chief executive officer now directly owns 65,577 shares in the company, valued at approximately $7,759,070.64. This trade represents a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the transaction, the senior vice president now owns 6,564 shares in the company, valued at $912,855.48. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,212 shares of company stock worth $28,778,424 over the last quarter. Company insiders own 22.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Covea Finance raised its position in shares of MACOM Technology Solutions by 8.0% during the fourth quarter. Covea Finance now owns 27,000 shares of the semiconductor company’s stock worth $3,508,000 after purchasing an additional 2,000 shares during the period. Park Avenue Securities LLC increased its stake in MACOM Technology Solutions by 17.4% during the 4th quarter. Park Avenue Securities LLC now owns 3,675 shares of the semiconductor company’s stock valued at $477,000 after purchasing an additional 546 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in MACOM Technology Solutions by 22.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock worth $12,756,000 after buying an additional 18,055 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at $216,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $36,000. 76.14% of the stock is 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.