MACOM Technology Solutions (NASDAQ:MTSI) had its price target lowered by equities research analysts at from $43.00 to $35.00 in a note issued to investors on Wednesday, November 15th. The firm presently has a “hold” rating on the semiconductor company’s stock. ‘s target price suggests a potential upside of 8.06% from the company’s current price.
A number of other research firms also recently issued reports on MTSI. Barclays reaffirmed an “overweight” rating and set a $63.00 price objective (down from $70.00) on shares of MACOM Technology Solutions in a report on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $56.00 target price (down from $65.00) on shares of MACOM Technology Solutions in a research note on Wednesday, August 2nd. Jefferies Group reiterated a “buy” rating and set a $61.00 target price (down from $66.00) on shares of MACOM Technology Solutions in a research note on Wednesday, August 2nd. Stifel Nicolaus lowered their target price on MACOM Technology Solutions from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. Finally, BidaskClub cut MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two equities research 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. The stock currently has a consensus rating of “Hold” and an average target price of $42.10.
MACOM Technology Solutions (NASDAQ:MTSI) traded up $0.12 during trading hours on Wednesday, hitting $32.39. 1,279,223 shares of the stock traded hands, compared to its average volume of 817,254. The company has a market cap of $2,073.79, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.59 and a beta of 1.31. The company has a quick ratio of 3.64, a current ratio of 4.81 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions has a 12 month low of $29.73 and a 12 month high of $65.99.
MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The company had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. equities research analysts anticipate that MACOM Technology Solutions will post 0.95 EPS for the current fiscal year.
In other news, insider John Croteau sold 2,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $45.20, for a total transaction of $90,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,500 shares of company stock valued at $155,980 in the last three months. 57.10% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in MTSI. Strs Ohio purchased a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MACOM Technology Solutions by 10.1% during the second 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 during the period. Advisor Group Inc. boosted its stake in shares of MACOM Technology Solutions by 6.6% during the second 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 during the period. BT Investment Management Ltd purchased a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $162,000. Finally, Peddock Capital Advisors LLC boosted its stake in shares of MACOM Technology Solutions by 1,797.5% during the second quarter. Peddock Capital Advisors LLC now owns 3,093 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 2,930 shares during the period. 88.18% of the stock is owned by hedge funds and other institutional investors.
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MACOM Technology Solutions Company Profile
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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