MACOM Technology Solutions (MTSI) Shares Down 0.1%

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI)’s share price fell 0.1% during mid-day trading on Thursday . The company traded as low as $15.66 and last traded at $15.68. 55,910 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 973,256 shares. The stock had previously closed at $15.69.

Several equities research analysts have recently weighed in on MTSI shares. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $18.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, July 19th. BidaskClub lowered shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Bank of America upped their target price on shares of MACOM Technology Solutions from $18.00 to $19.00 and gave the stock an “underperform” rating in a report on Wednesday, August 1st. JPMorgan Chase & Co. lowered shares of MACOM Technology Solutions from a “neutral” rating to an “underweight” rating and set a $45.00 target price on the stock. in a report on Tuesday, August 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 target price on shares of MACOM Technology Solutions in a report on Wednesday, August 1st. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.40.

The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.62 and a current ratio of 4.97. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 36.14 and a beta of 1.77.

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

In other MACOM Technology Solutions news, insider John Croteau sold 4,000 shares of the stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $21.05, for a total transaction of $84,200.00. Following the sale, the insider now owns 115,118 shares of the company’s stock, valued at approximately $2,423,233.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman John L. Ocampo acquired 97,800 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were bought at an average cost of $20.95 per share, for a total transaction of $2,048,910.00. The disclosure for this purchase can be found here. 32.20% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of MACOM Technology Solutions by 111.4% in the 1st quarter. Royal Bank of Canada now owns 3,326,435 shares of the semiconductor company’s stock valued at $55,217,000 after purchasing an additional 1,752,712 shares during the last quarter. BlackRock Inc. boosted its stake in shares of MACOM Technology Solutions by 18.1% in the 2nd quarter. BlackRock Inc. now owns 2,949,740 shares of the semiconductor company’s stock valued at $67,961,000 after purchasing an additional 451,605 shares during the last quarter. Yiheng Capital LLC boosted 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. Dimensional Fund Advisors LP boosted its stake in shares of MACOM Technology Solutions by 135.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 735,408 shares of the semiconductor company’s stock valued at $12,208,000 after purchasing an additional 423,592 shares during the last quarter. Finally, Royce & Associates LP bought a new position in shares of MACOM Technology Solutions in the 2nd quarter valued at about $14,022,000. 89.88% of the stock is currently owned by hedge funds and other institutional investors.

About MACOM Technology Solutions (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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