MACOM Technology Solutions (NASDAQ:MTSI) Reaches New 12-Month High – Should You Buy?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $149.73 and last traded at $148.78, with a volume of 527776 shares. The stock had previously closed at $145.41.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MTSI shares. Northland Securities lifted 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. 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 note on Friday, October 25th. Barclays raised their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Benchmark increased their price objective 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. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

MACOM Technology Solutions Stock Down 0.9 %

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 company has a market capitalization of $10.86 billion, a PE ratio of 141.78, a price-to-earnings-growth ratio of 2.61 and a beta of 1.71. The firm has a 50-day moving average of $135.84 and a two-hundred day moving average of $118.38.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Susan Ocampo sold 25,351 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total value of $3,296,897.55. Following the completion of the transaction, the director now owns 6,046,676 shares of the company’s stock, valued at $786,370,213.80. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ambra R. Roth sold 1,366 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 227,212 shares of company stock valued at $28,778,424. 16.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in shares of MACOM Technology Solutions by 4.1% during the second quarter. Envestnet Asset Management Inc. now owns 92,066 shares of the semiconductor company’s stock worth $10,263,000 after buying an additional 3,626 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in MACOM Technology Solutions during the 2nd quarter worth approximately $405,000. Hsbc Holdings PLC increased its position in shares of MACOM Technology Solutions by 36.8% in the 2nd quarter. Hsbc Holdings PLC now owns 4,230 shares of the semiconductor company’s stock valued at $474,000 after purchasing an additional 1,138 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of MACOM Technology Solutions by 4.2% in the 2nd quarter. AQR Capital Management LLC now owns 15,715 shares of the semiconductor company’s stock valued at $1,752,000 after purchasing an additional 629 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth $207,000. 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.