MACOM Technology Solutions (NASDAQ:MTSI) had its target price lowered by Craig Hallum from $46.00 to $36.00 in a report released on Wednesday, February 7th. The brokerage currently has a buy rating on the semiconductor company’s stock.
Several other brokerages also recently weighed in on MTSI. Stifel Nicolaus downgraded MACOM Technology Solutions from a buy rating to a hold rating and reduced their price target for the company from $57.00 to $43.00 in a report on Monday, October 16th. Jefferies Group set a $61.00 price objective on MACOM Technology Solutions and gave the stock a buy rating in a report on Wednesday, October 18th. Zacks Investment Research downgraded MACOM Technology Solutions from a hold rating to a strong sell rating in a report on Thursday, October 19th. Barclays dropped their target price on 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, JPMorgan Chase & Co. dropped their target price on MACOM Technology Solutions from $55.00 to $45.00 and set an overweight rating on the stock in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $38.00.
Shares of MACOM Technology Solutions (MTSI) traded up $0.11 during mid-day trading on Wednesday, reaching $20.38. The company had a trading volume of 1,544,442 shares, compared to its average volume of 2,114,468. MACOM Technology Solutions has a 12 month low of $17.84 and a 12 month high of $65.99. The stock has a market capitalization of $1,312.59, a price-to-earnings ratio of 19.79 and a beta of 1.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.70 and a quick ratio of 4.00.
MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. The firm had revenue of $130.93 million for the quarter, compared to analysts’ expectations of $132.91 million. During the same period in the prior year, the business posted $0.57 EPS. The business’s quarterly revenue was down 13.7% compared to the same quarter last year. research analysts predict that MACOM Technology Solutions will post -0.06 EPS for the current year.
In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $35.05, for a total value of $70,100.00. Following the sale, the insider now owns 147,219 shares of the company’s stock, valued at approximately $5,160,025.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 4,750 shares of company stock worth $158,518. Corporate insiders own 32.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Advisor Group Inc. grew its position in 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 acquiring an additional 143 shares during the last quarter. SG Americas Securities LLC bought a new position in MACOM Technology Solutions in the 3rd quarter valued at $194,000. Ameritas Investment Partners Inc. lifted its holdings in shares of MACOM Technology Solutions by 32.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock worth $199,000 after buying an additional 864 shares during the period. ProShare Advisors LLC purchased a new stake in shares of MACOM Technology Solutions in the 2nd quarter worth $200,000. Finally, US Bancorp DE lifted its holdings in shares of MACOM Technology Solutions by 40.0% in the 4th quarter. US Bancorp DE now owns 6,319 shares of the semiconductor company’s stock worth $206,000 after buying an additional 1,806 shares during the period. 83.93% of the stock is currently 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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