MACOM Technology Solutions (MTSI) Lifted to “Buy” at ValuEngine

MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

MTSI has been the topic of a number of other research reports. BidaskClub downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, July 19th. Barclays dropped their price target on MACOM Technology Solutions from $26.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 23rd. Bank of America raised their price target on MACOM Technology Solutions from $18.00 to $19.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 1st. Finally, Craig Hallum set a $26.00 price target on MACOM Technology Solutions and gave the stock an “in-line” rating in a research note on Wednesday, August 1st. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $28.79.

Shares of MTSI traded up $0.63 during mid-day trading on Thursday, reaching $16.53. The company’s stock had a trading volume of 1,118,766 shares, compared to its average volume of 823,238. MACOM Technology Solutions has a 12-month low of $13.07 and a 12-month high of $39.28. The company has a market cap of $916.84 million, a P/E ratio of 201.00, a PEG ratio of 1.87 and a beta of 2.11. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.62 and a current ratio of 4.97.

Large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. purchased a new position in MACOM Technology Solutions during the 2nd quarter worth approximately $204,000. Colrain Capital LLC grew its stake in shares of MACOM Technology Solutions by 28.1% in the 3rd quarter. Colrain Capital LLC now owns 135,675 shares of the semiconductor company’s stock valued at $2,795,000 after purchasing an additional 29,725 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of MACOM Technology Solutions by 25.5% in the 2nd quarter. Victory Capital Management Inc. now owns 269,180 shares of the semiconductor company’s stock valued at $6,202,000 after purchasing an additional 54,670 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of MACOM Technology Solutions by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 349,893 shares of the semiconductor company’s stock valued at $8,061,000 after purchasing an additional 66,627 shares during the last quarter. Finally, Yiheng Capital LLC grew its stake in shares of MACOM Technology Solutions by 127.0% in the 2nd quarter. Yiheng Capital LLC now owns 1,911,009 shares of the semiconductor company’s stock valued at $44,030,000 after purchasing an additional 1,069,069 shares during the last quarter. Hedge funds and other institutional investors own 89.19% 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.

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Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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