BidaskClub upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a buy rating to a strong-buy rating in a research note released on Friday, BidAskClub reports.
A number of other research analysts have also recently commented on MTSI. DA Davidson upped their price target on MACOM Technology Solutions to $24.00 in a research note on Thursday. Zacks Investment Research cut MACOM Technology Solutions from a buy rating to a hold rating and set a $23.00 price target on the stock. in a research note on Monday, October 14th. Needham & Company LLC restated a buy rating and set a $28.00 price target on shares of MACOM Technology Solutions in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on MACOM Technology Solutions from $15.00 to $18.00 and gave the stock an underweight rating in a research note on Wednesday. Finally, ValuEngine cut MACOM Technology Solutions from a buy rating to a hold rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $20.12.
NASDAQ:MTSI traded down $0.72 during trading hours on Friday, hitting $25.91. 920,300 shares of the stock were exchanged, compared to its average volume of 532,182. The company has a current ratio of 4.37, a quick ratio of 3.20 and a debt-to-equity ratio of 2.29. The firm’s fifty day moving average price is $22.22 and its 200 day moving average price is $18.46. MACOM Technology Solutions has a 52-week low of $12.33 and a 52-week high of $27.16. The company has a market cap of $1.75 billion, a P/E ratio of -43.18 and a beta of 1.88.
MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.08. MACOM Technology Solutions had a negative return on equity of 9.62% and a negative net margin of 77.29%. The company had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.16 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was down 25.8% compared to the same quarter last year. Equities analysts expect that MACOM Technology Solutions will post 0.02 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Aperio Group LLC purchased a new stake in shares of MACOM Technology Solutions during the second quarter worth $49,000. Tower Research Capital LLC TRC purchased a new stake in shares of MACOM Technology Solutions during the third quarter worth $91,000. BBVA USA Bancshares Inc. purchased a new stake in shares of MACOM Technology Solutions during the third quarter worth $204,000. John G Ullman & Associates Inc. purchased a new position in MACOM Technology Solutions in the third quarter valued at $226,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in MACOM Technology Solutions by 148.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 10,771 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 6,431 shares during the last quarter. 72.82% of the stock is currently owned by institutional investors and hedge funds.
MACOM Technology Solutions Company Profile
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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