Shares of MACOM Technology Solutions (NASDAQ:MTSI) have received an average rating of “Hold” from the seventeen brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $34.27.
MTSI has been the subject of several recent research reports. ValuEngine raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. DA Davidson lowered their target price on MACOM Technology Solutions from $43.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. BidaskClub lowered MACOM Technology Solutions from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 28th. Needham & Company LLC lowered their target price on MACOM Technology Solutions from $42.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Northland Securities initiated coverage on MACOM Technology Solutions in a report on Wednesday. They set an “outperform” rating and a $25.00 target price for the company.
Shares of NASDAQ:MTSI traded down $1.11 during trading on Friday, hitting $17.10. 991,139 shares of the company traded hands, compared to its average volume of 1,113,214. The firm has a market capitalization of $1,101.34, a PE ratio of 9.10 and a beta of 1.60. MACOM Technology Solutions has a one year low of $15.46 and a one year high of $65.99. The company has a current ratio of 5.70, a quick ratio of 4.00 and a debt-to-equity ratio of 0.89.
MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The company had revenue of $130.93 million for the quarter, compared to the consensus estimate of $132.91 million. MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. The firm’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. analysts predict that MACOM Technology Solutions will post -0.06 EPS for the current fiscal year.
In other MACOM Technology Solutions news, SVP Robert Dennehy acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average cost of $20.43 per share, with a total value of $204,300.00. Following the acquisition, the senior vice president now directly owns 66,556 shares of the company’s stock, valued at approximately $1,359,739.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang bought 2,500 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of $21.70 per share, with a total value of $54,250.00. Following the completion of the transaction, the senior vice president now directly owns 35,501 shares of the company’s stock, valued at $770,371.70. The disclosure for this purchase can be found here. Insiders sold a total of 750 shares of company stock valued at $16,938 over the last three months. Corporate insiders own 32.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTSI. SG Americas Securities LLC acquired a new stake in MACOM Technology Solutions in the third quarter worth approximately $194,000. US Bancorp DE lifted its position in MACOM Technology Solutions by 40.0% in the fourth quarter. US Bancorp DE now owns 6,319 shares of the semiconductor company’s stock worth $206,000 after purchasing an additional 1,806 shares during the period. Cowen Prime Services LLC lifted its position in MACOM Technology Solutions by 94.4% in the fourth quarter. Cowen Prime Services LLC now owns 9,060 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 4,400 shares during the period. MAI Capital Management lifted its position in MACOM Technology Solutions by 72.1% in the fourth quarter. MAI Capital Management now owns 9,888 shares of the semiconductor company’s stock worth $322,000 after purchasing an additional 4,144 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in MACOM Technology Solutions in the fourth quarter worth approximately $460,000. Hedge funds and other institutional investors own 90.36% of the company’s stock.
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MACOM Technology Solutions Company Profile
MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.
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