MACOM Technology Solutions Holdings, Inc. (MTSI) Rating Lowered to Hold at Stifel Nicolaus

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Monday, October 16th, MarketBeat Ratings reports. They presently have a $43.00 price target on the semiconductor company’s stock, down from their previous price target of $57.00. Stifel Nicolaus’ price target would indicate a potential upside of 7.23% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of MACOM Technology Solutions Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Craig Hallum reaffirmed a “buy” rating and set a $54.00 target price on shares of MACOM Technology Solutions Holdings in a report on Tuesday, October 3rd. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of MACOM Technology Solutions Holdings in a report on Thursday, September 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 target price on shares of MACOM Technology Solutions Holdings in a report on Tuesday, September 5th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $63.00 target price (down from $70.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $49.67.

MACOM Technology Solutions Holdings (MTSI) traded up 3.62% during midday trading on Monday, hitting $40.10. The stock had a trading volume of 503,210 shares. The company’s 50 day moving average is $42.18 and its 200 day moving average is $50.06. MACOM Technology Solutions Holdings has a 1-year low of $35.33 and a 1-year high of $65.99. The company’s market cap is $2.58 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The business had revenue of $194.56 million for the quarter, compared to the consensus estimate of $194.93 million. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 36.7% compared to the same quarter last year. On average, equities analysts anticipate that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “MACOM Technology Solutions Holdings, Inc. (MTSI) Rating Lowered to Hold at Stifel Nicolaus” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/28/macom-technology-solutions-holdings-inc-mtsi-cut-to-hold-at-stifel-nicolaus.html.

In related news, Director Charles R. Bland sold 750 shares of MACOM Technology Solutions Holdings stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $60.73, for a total value of $45,547.50. Following the transaction, the director now directly owns 24,390 shares of the company’s stock, valued at $1,481,204.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total transaction of $90,400.00. The disclosure for this sale can be found here. Insiders sold 8,250 shares of company stock worth $416,783 over the last three months. 42.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio bought a new stake in shares of MACOM Technology Solutions Holdings during the second quarter worth $105,000. Oppenheimer Asset Management Inc. bought a new stake in shares of MACOM Technology Solutions Holdings during the first quarter worth $116,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MACOM Technology Solutions Holdings by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after buying an additional 199 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of MACOM Technology Solutions Holdings by 7.9% during the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after buying an additional 189 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in shares of MACOM Technology Solutions Holdings by 6.6% during the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after buying an additional 143 shares during the last quarter. 79.43% of the stock is currently owned by hedge funds and other institutional investors.

About MACOM Technology Solutions Holdings

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

Analyst Recommendations for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

Receive News & Ratings for MACOM Technology Solutions Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply