MACOM Technology Solutions (NASDAQ:MTSI) had its price target cut by DA Davidson to $32.00 in a report released on Wednesday, November 15th, The Fly reports. They currently have a neutral rating on the semiconductor company’s stock. DA Davidson also issued estimates for MACOM Technology Solutions’ Q4 2019 earnings at $0.47 EPS.
Several other brokerages have also recently commented on MTSI. Needham & Company LLC reaffirmed a buy rating and set a $45.00 price objective (down previously from $56.00) on shares of MACOM Technology Solutions in a research note on Tuesday, October 17th. Jefferies Group set a $61.00 price target on shares of MACOM Technology Solutions and gave the stock a buy rating in a research note on Wednesday, October 18th. Raymond James Financial reissued a market perform rating on shares of MACOM Technology Solutions in a research note on Thursday, September 14th. Stifel Nicolaus cut their price target on shares of MACOM Technology Solutions from $64.00 to $57.00 and set a buy rating for the company in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of MACOM Technology Solutions from a strong sell rating to a hold rating in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $42.10.
Shares of MACOM Technology Solutions (MTSI) traded up $0.12 during trading hours on Wednesday, reaching $32.39. 1,279,223 shares of the company traded hands, compared to its average volume of 817,254. The stock has a market capitalization of $2,073.79, a PE ratio of 18.98, a P/E/G ratio of 1.59 and a beta of 1.31. MACOM Technology Solutions has a 12 month low of $29.73 and a 12 month high of $65.99. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87.
MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. MACOM Technology Solutions’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. equities analysts anticipate that MACOM Technology Solutions will post 0.95 earnings per share for the current year.
In other news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total value of $90,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 3,500 shares of company stock valued at $155,980. Corporate insiders own 57.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at $105,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MACOM Technology Solutions by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after purchasing an additional 199 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of MACOM Technology Solutions by 6.6% in the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 143 shares in the last quarter. BT Investment Management Ltd bought a new stake in MACOM Technology Solutions during the 2nd quarter valued at $162,000. Finally, Peddock Capital Advisors LLC raised its holdings in MACOM Technology Solutions by 1,797.5% during the 2nd quarter. Peddock Capital Advisors LLC now owns 3,093 shares of the semiconductor company’s stock valued at $172,000 after buying an additional 2,930 shares during the last quarter. 88.18% of the stock is owned by institutional investors.
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About MACOM Technology Solutions
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.
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