MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) traded down 5.6% on Monday . The company traded as low as $19.53 and last traded at $19.96. 1,002,007 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 1,491,147 shares. The stock had previously closed at $21.15.
A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Tuesday. Piper Jaffray Companies assumed coverage on MACOM Technology Solutions in a report on Monday, February 26th. They issued a “neutral” rating and a $22.00 price target for the company. Zacks Investment Research downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Craig Hallum lowered their price target on MACOM Technology Solutions from $46.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Bank of America lowered their price target on MACOM Technology Solutions from $30.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $36.77.
The firm has a market capitalization of $1,362.18, a PE ratio of -5.63 and a beta of 1.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.00 and a current ratio of 5.70.
MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $130.93 million for the quarter, compared to analyst estimates of $132.91 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue for the quarter was down 13.7% compared to the same quarter last year. equities research analysts predict that MACOM Technology Solutions Holdings Inc will post -0.06 earnings per share for the current year.
In related news, SVP Donghyun Thomas Hwang acquired 2,500 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average price of $21.70 per share, for a total transaction of $54,250.00. Following the transaction, the senior vice president now directly owns 35,501 shares of the company’s stock, valued at approximately $770,371.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Robert Dennehy acquired 10,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of $20.43 per share, with a total value of $204,300.00. Following the transaction, the senior vice president now directly owns 66,556 shares in the company, valued at $1,359,739.08. The disclosure for this purchase can be found here. Insiders have sold a total of 2,750 shares of company stock valued at $91,765 in the last 90 days. Insiders own 32.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System boosted its position in MACOM Technology Solutions by 7.2% during the 4th quarter. California Public Employees Retirement System now owns 25,378 shares of the semiconductor company’s stock worth $826,000 after acquiring an additional 1,700 shares during the period. US Bancorp DE boosted its position in MACOM Technology Solutions by 40.0% during the 4th quarter. US Bancorp DE now owns 6,319 shares of the semiconductor company’s stock worth $206,000 after acquiring an additional 1,806 shares during the period. American International Group Inc. boosted its position in MACOM Technology Solutions by 8.1% during the 3rd quarter. American International Group Inc. now owns 27,197 shares of the semiconductor company’s stock worth $1,213,000 after acquiring an additional 2,033 shares during the period. Dimensional Fund Advisors LP boosted its position in MACOM Technology Solutions by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 256,614 shares of the semiconductor company’s stock worth $11,447,000 after acquiring an additional 2,209 shares during the period. Finally, Swiss National Bank boosted its position in MACOM Technology Solutions by 3.5% during the 4th quarter. Swiss National Bank now owns 71,050 shares of the semiconductor company’s stock worth $2,312,000 after acquiring an additional 2,400 shares during the period. Institutional investors own 90.36% of the company’s stock.
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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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