MACOM Technology Solutions (MTSI) Stock Price Up 2.6%

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) shares rose 2.6% during mid-day trading on Friday . The stock traded as high as $15.94 and last traded at $16.31. Approximately 48,712 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 817,870 shares. The stock had previously closed at $15.90.

MTSI has been the subject of several research reports. BidaskClub upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of MACOM Technology Solutions in a research report on Wednesday, August 1st. ValuEngine upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Thursday. Barclays cut their price target on shares of MACOM Technology Solutions from $26.00 to $18.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 23rd. Finally, Stifel Nicolaus upped their price target on shares of MACOM Technology Solutions from $18.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, July 19th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $28.79.

The company has a current ratio of 4.97, a quick ratio of 3.62 and a debt-to-equity ratio of 1.01. The stock has a market cap of $903.16 million, a PE ratio of 8.80, a PEG ratio of 1.85 and a beta of 1.77.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $137.87 million during the quarter, compared to analyst estimates of $146.71 million. MACOM Technology Solutions had a negative net margin of 22.92% and a positive return on equity of 3.33%. The company’s revenue was down 29.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Analysts forecast that MACOM Technology Solutions Holdings Inc will post 0.03 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of MACOM Technology Solutions by 18.1% during the second quarter. BlackRock Inc. now owns 2,949,740 shares of the semiconductor company’s stock valued at $67,961,000 after acquiring an additional 451,605 shares during the last quarter. Yiheng Capital LLC raised its stake in shares of MACOM Technology Solutions by 127.0% during the second quarter. Yiheng Capital LLC now owns 1,911,009 shares of the semiconductor company’s stock valued at $44,030,000 after acquiring an additional 1,069,069 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MACOM Technology Solutions by 135.8% during the first quarter. Dimensional Fund Advisors LP now owns 735,408 shares of the semiconductor company’s stock valued at $12,208,000 after acquiring an additional 423,592 shares during the last quarter. Royce & Associates LP bought a new position in shares of MACOM Technology Solutions during the second quarter valued at about $14,022,000. Finally, Northern Trust Corp raised its stake in shares of MACOM Technology Solutions by 8.0% during the first quarter. Northern Trust Corp now owns 595,330 shares of the semiconductor company’s stock valued at $9,883,000 after acquiring an additional 44,123 shares during the last quarter. 89.19% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Company Profile (NASDAQ:MTSI)

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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