MACOM Technology Solutions (MTSI) Lifted to “Hold” at BidaskClub

MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Goldman Sachs decreased their target price on shares of MACOM Technology Solutions from $26.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, April 18th. Piper Jaffray assumed coverage on shares of MACOM Technology Solutions in a research note on Monday, February 26th. They set a “neutral” rating and a $22.00 target price for the company. Zacks Investment Research raised shares of MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. Finally, Needham & Company LLC decreased their target price on shares of MACOM Technology Solutions from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.00.

MACOM Technology Solutions opened at $22.77 on Friday, MarketBeat reports. MACOM Technology Solutions has a 1 year low of $15.46 and a 1 year high of $65.99. The stock has a market capitalization of $1.46 billion, a P/E ratio of 12.11, a P/E/G ratio of 25.40 and a beta of 1.62. The company has a quick ratio of 3.74, a current ratio of 5.36 and a debt-to-equity ratio of 0.90.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, May 1st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. MACOM Technology Solutions had a negative net margin of 11.90% and a positive return on equity of 7.54%. The company had revenue of $150.40 million during the quarter, compared to the consensus estimate of $145.48 million. During the same period in the prior year, the firm earned $0.63 earnings per share. MACOM Technology Solutions’s revenue was down 19.2% on a year-over-year basis. equities analysts anticipate that MACOM Technology Solutions will post 0.05 earnings per share for the current fiscal year.

In other news, Chairman John L. Ocampo purchased 22,760 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were purchased at an average price of $22.07 per share, for a total transaction of $502,313.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert Dennehy purchased 10,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were purchased at an average price of $20.43 per share, for a total transaction of $204,300.00. Following the acquisition, the senior vice president now owns 66,556 shares of the company’s stock, valued at $1,359,739.08. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 95,260 shares of company stock worth $2,080,263 and have sold 750 shares worth $14,445. Corporate insiders own 32.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. US Bancorp DE grew its holdings in shares of MACOM Technology Solutions by 40.0% during the fourth quarter. US Bancorp DE now owns 6,319 shares of the semiconductor company’s stock valued at $206,000 after buying an additional 1,806 shares during the last quarter. Cowen Prime Services LLC grew its holdings in shares of MACOM Technology Solutions by 94.4% during the fourth quarter. Cowen Prime Services LLC now owns 9,060 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 4,400 shares during the last quarter. MAI Capital Management grew its holdings in shares of MACOM Technology Solutions by 72.1% during the fourth quarter. MAI Capital Management now owns 9,888 shares of the semiconductor company’s stock valued at $322,000 after buying an additional 4,144 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $460,000. Finally, Pier 88 Investment Partners LLC grew its holdings in shares of MACOM Technology Solutions by 239.9% during the fourth quarter. Pier 88 Investment Partners LLC now owns 14,551 shares of the semiconductor company’s stock valued at $473,000 after buying an additional 10,270 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

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.

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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