BidaskClub upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a hold rating to a buy rating in a report published on Thursday, December 21st.
Several other research analysts have also commented on the stock. Needham & Company LLC reaffirmed a buy rating and issued a $56.00 price target on shares of MACOM Technology Solutions in a report on Tuesday, September 5th. Zacks Investment Research downgraded shares of MACOM Technology Solutions from a hold rating to a strong sell rating in a research report on Thursday, October 19th. ValuEngine upgraded shares of MACOM Technology Solutions from a hold rating to a buy rating in a research report on Monday, December 11th. Barclays dropped their price target on shares of MACOM Technology Solutions from $63.00 to $50.00 and set an overweight rating on the stock in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus downgraded shares of MACOM Technology Solutions from a buy rating to a hold rating and dropped their price target for the stock from $57.00 to $43.00 in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $43.20.
Shares of MACOM Technology Solutions (NASDAQ MTSI) opened at $36.50 on Thursday. The stock has a market cap of $2,345.64, a price-to-earnings ratio of 21.47, a P/E/G ratio of 1.63 and a beta of 1.32. 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 has a one year low of $29.73 and a one year high of $65.99.
MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The company had revenue of $166.40 million for the quarter, compared to analyst estimates of $171.80 million. During the same period in the prior year, the business earned $0.54 earnings per share. MACOM Technology Solutions’s revenue was up 9.0% on a year-over-year basis. analysts expect that MACOM Technology Solutions will post 1.01 earnings per share for the current fiscal year.
In related news, CEO John Croteau sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.94, for a total transaction of $63,880.00. Following the transaction, the chief executive officer now directly owns 149,219 shares of the company’s stock, valued at $4,766,054.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 4,750 shares of company stock worth $159,993 over the last ninety days. 42.30% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new position in MACOM Technology Solutions during the second quarter valued at approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in MACOM Technology Solutions by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after acquiring an additional 199 shares in the last quarter. Advisor Group Inc. grew its position in MACOM Technology Solutions by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 143 shares in the last quarter. BT Investment Management Ltd bought a new stake in MACOM Technology Solutions in the second quarter worth approximately $162,000. Finally, SG Americas Securities LLC bought a new stake in MACOM Technology Solutions in the third quarter worth approximately $194,000. 87.77% of the stock is currently 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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