Shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) have earned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $42.10.
MTSI has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $56.00 target price on shares of MACOM Technology Solutions in a research note on Tuesday, September 5th. Raymond James Financial reissued a “market perform” rating on shares of MACOM Technology Solutions in a research note on Thursday, September 14th. Zacks Investment Research raised MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Craig Hallum reissued a “buy” rating and set a $54.00 target price on shares of MACOM Technology Solutions in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating and cut their target price for the stock from $57.00 to $43.00 in a research note on Monday, October 16th.
MACOM Technology Solutions (MTSI) traded down $0.05 during trading on Friday, hitting $33.52. The stock had a trading volume of 412,403 shares, compared to its average volume of 817,068. MACOM Technology Solutions has a fifty-two week low of $29.73 and a fifty-two week high of $65.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64. The stock has a market cap of $2,154.76, a P/E ratio of 19.72, a P/E/G ratio of 1.65 and a beta of 1.31.
MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. sell-side analysts forecast that MACOM Technology Solutions will post 0.95 earnings per share for the current year.
In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $45.20, for a total transaction of $90,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 5,250 shares of company stock worth $205,225. 42.30% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. raised its position in shares of MACOM Technology Solutions by 122.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock worth $280,034,000 after buying an additional 3,457,245 shares during the period. Vanguard Group Inc. raised its position in MACOM Technology Solutions by 8.5% in the second quarter. Vanguard Group Inc. now owns 3,444,631 shares of the semiconductor company’s stock valued at $192,107,000 after purchasing an additional 269,836 shares during the period. Frontier Capital Management Co. LLC raised its position in MACOM Technology Solutions by 60.6% in the third quarter. Frontier Capital Management Co. LLC now owns 3,401,434 shares of the semiconductor company’s stock valued at $151,738,000 after purchasing an additional 1,283,603 shares during the period. BlackRock Inc. raised its position in MACOM Technology Solutions by 16.7% in the second quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock valued at $133,565,000 after purchasing an additional 342,102 shares during the period. Finally, Jennison Associates LLC raised its position in MACOM Technology Solutions by 3.2% in the third quarter. Jennison Associates LLC now owns 2,140,833 shares of the semiconductor company’s stock valued at $95,503,000 after purchasing an additional 65,664 shares during the period. 87.77% of the stock is currently owned by institutional investors.
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MACOM Technology Solutions Company Profile
MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.
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