Shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) have received an average recommendation of “Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $43.00.
MTSI has been the topic of a number of research reports. ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Barclays cut their target price on shares of MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Jefferies Group set a $61.00 target price on shares of MACOM Technology Solutions and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, cut their target price on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, November 15th.
In related news, insider John Croteau sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $35.05, for a total transaction of $70,100.00. Following the sale, the insider now owns 147,219 shares of the company’s stock, valued at $5,160,025.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 4,750 shares of company stock worth $159,993 in the last three months. 42.30% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of MTSI. Ameriprise Financial Inc. boosted its stake in MACOM Technology Solutions by 122.6% during the third quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock worth $280,034,000 after acquiring an additional 3,457,245 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in MACOM Technology Solutions by 60.6% during the third quarter. Frontier Capital Management Co. LLC now owns 3,401,434 shares of the semiconductor company’s stock worth $151,738,000 after acquiring an additional 1,283,603 shares in the last quarter. Bamco Inc. NY boosted its stake in MACOM Technology Solutions by 528.8% during the third quarter. Bamco Inc. NY now owns 940,121 shares of the semiconductor company’s stock worth $41,939,000 after acquiring an additional 790,621 shares in the last quarter. Capital Research Global Investors bought a new stake in MACOM Technology Solutions during the second quarter worth about $42,368,000. Finally, BlackRock Inc. boosted its stake in MACOM Technology Solutions by 16.7% during the second quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock worth $133,565,000 after acquiring an additional 342,102 shares in the last quarter. 88.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of MACOM Technology Solutions (MTSI) traded down $1.01 during trading on Tuesday, reaching $33.46. 951,449 shares of the company’s stock were exchanged, compared to its average volume of 657,337. The company has a market cap of $2,154.89, a price-to-earnings ratio of -11.27, a PEG ratio of 1.50 and a beta of 1.32. MACOM Technology Solutions has a 1-year low of $29.73 and a 1-year high of $65.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.64 and a current ratio of 4.81.
MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. MACOM Technology Solutions’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. sell-side analysts expect that MACOM Technology Solutions will post 1.01 earnings per share for the current year.
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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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