BidaskClub cut shares of MACOM Technology Solutions (NASDAQ:MTSI) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning, BidAskClub reports.
Several other analysts have also weighed in on the company. Zacks Investment Research lowered MACOM Technology Solutions from a hold rating to a sell rating in a report on Tuesday, April 16th. Craig Hallum upgraded MACOM Technology Solutions from a hold rating to a buy rating and set a $25.00 price target on the stock in a report on Wednesday, May 8th. DA Davidson lowered MACOM Technology Solutions from a buy rating to a neutral rating and decreased their price target for the company from $20.00 to $16.00 in a report on Thursday, April 25th. ValuEngine upgraded MACOM Technology Solutions from a hold rating to a buy rating in a report on Tuesday, April 30th. Finally, Evercore ISI lowered MACOM Technology Solutions from an outperform rating to an inline rating in a report on Thursday, April 25th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. MACOM Technology Solutions currently has an average rating of Hold and a consensus price target of $18.40.
NASDAQ MTSI opened at $14.25 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.01 and a quick ratio of 3.66. MACOM Technology Solutions has a one year low of $12.33 and a one year high of $25.82.
MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.09. The firm had revenue of $128.47 million during the quarter, compared to the consensus estimate of $121.06 million. MACOM Technology Solutions had a negative return on equity of 1.98% and a negative net margin of 30.19%. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. As a group, analysts expect that MACOM Technology Solutions will post -0.5 EPS for the current year.
In other MACOM Technology Solutions news, SVP Vivek Rajgarhia sold 1,782 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $18.41, for a total value of $32,806.62. Following the sale, the senior vice president now owns 89,435 shares in the company, valued at $1,646,498.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman John L. Ocampo bought 60,000 shares of MACOM Technology Solutions stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $13.26 per share, for a total transaction of $795,600.00. The disclosure for this purchase can be found here. Company insiders own 32.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Pearl River Capital LLC increased its stake in MACOM Technology Solutions by 495.0% in the first quarter. Pearl River Capital LLC now owns 2,600 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 2,163 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MACOM Technology Solutions by 37.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,769 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 1,032 shares during the period. Quantamental Technologies LLC purchased a new position in shares of MACOM Technology Solutions during the first quarter valued at $80,000. FNY Investment Advisers LLC purchased a new position in shares of MACOM Technology Solutions during the first quarter valued at $125,000. Finally, PEAK6 Investments LLC increased its stake in shares of MACOM Technology Solutions by 174.2% during the fourth quarter. PEAK6 Investments LLC now owns 11,244 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 26,392 shares during the period. Institutional investors and hedge funds own 75.13% of the company’s stock.
About MACOM Technology Solutions
MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.
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