MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) PT Set at $61.00 by Jefferies Group LLC

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) received a $61.00 price objective from investment analysts at Jefferies Group LLC in a research note issued to investors on Wednesday, October 18th. The firm presently has a “buy” rating on the semiconductor company’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 52.12% from the stock’s current price.

MTSI has been the subject of several other reports. Zacks Investment Research lowered shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, October 19th. BidaskClub lowered shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC lowered their target price on shares of MACOM Technology Solutions Holdings from $63.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, October 18th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of MACOM Technology Solutions Holdings in a report on Thursday, September 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $56.00 target price (down from $65.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $49.67.

Shares of MACOM Technology Solutions Holdings (MTSI) traded up 3.62% during mid-day trading on Wednesday, reaching $40.10. The company’s stock had a trading volume of 503,210 shares. MACOM Technology Solutions Holdings has a 12 month low of $35.33 and a 12 month high of $65.99. The company has a 50-day moving average of $41.96 and a 200-day moving average of $49.90. The company’s market cap is $2.58 billion.

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

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In related news, Director Charles R. Bland sold 750 shares of the business’s 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 completion of the transaction, the director now directly owns 24,390 shares in the company, valued at approximately $1,481,204.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Croteau sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $60.76, for a total transaction of $121,520.00. Following the completion of the transaction, the insider now owns 51,200 shares of the company’s stock, valued at $3,110,912. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,250 shares of company stock valued at $416,783. 42.30% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in MACOM Technology Solutions Holdings by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,444,631 shares of the semiconductor company’s stock worth $192,107,000 after purchasing an additional 269,836 shares during the period. Ameriprise Financial Inc. grew its position in MACOM Technology Solutions Holdings by 1,136.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock worth $157,274,000 after purchasing an additional 2,592,080 shares during the period. BlackRock Inc. grew its position in MACOM Technology Solutions Holdings by 16.7% in the 2nd quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock worth $133,565,000 after purchasing an additional 342,102 shares during the period. Frontier Capital Management Co. LLC grew its position in MACOM Technology Solutions Holdings by 603.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock worth $118,111,000 after purchasing an additional 1,816,972 shares during the period. Finally, FMR LLC grew its position in MACOM Technology Solutions Holdings by 54.5% in the 1st quarter. FMR LLC now owns 1,264,242 shares of the semiconductor company’s stock worth $61,063,000 after purchasing an additional 445,749 shares during the period. 79.43% of the stock is owned by institutional investors and hedge funds.

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)

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