Raymond James Financial, Inc. reaffirmed their market perform rating on shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in a research report report published on Thursday, Marketbeat reports.

Several other analysts also recently issued reports on MTSI. Jefferies Group LLC reissued a buy rating and issued a $66.00 price target on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, May 17th. Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the company a buy rating in a research report on Tuesday, June 6th. Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the company a buy rating in a research report on Monday, June 26th. BidaskClub downgraded shares of MACOM Technology Solutions Holdings from a buy rating to a hold rating in a research report on Friday, June 30th. Finally, Barclays PLC reissued an overweight rating and issued a $70.00 price target (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $55.50.

Shares of MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded up 4.42% on Thursday, reaching $45.36. 844,756 shares of the company traded hands. The firm has a 50-day moving average price of $44.49 and a 200 day moving average price of $51.04. MACOM Technology Solutions Holdings has a one year low of $35.33 and a one year high of $65.99. The company’s market capitalization is $2.91 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The business had revenue of $194.56 million during the quarter, compared to analyst estimates of $194.93 million. During the same period in the previous year, the business posted $0.51 EPS. The business’s revenue for the quarter was up 36.7% compared to the same quarter last year. Equities analysts forecast that MACOM Technology Solutions Holdings will post $2.33 EPS for the current fiscal year.

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In other MACOM Technology Solutions Holdings news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Friday, September 1st. The shares were sold at an average price of $45.68, for a total transaction of $91,360.00. Following the transaction, the insider now directly owns 48,855 shares of the company’s stock, valued at approximately $2,231,696.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,225 shares of MACOM Technology Solutions Holdings stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $59.95, for a total transaction of $253,288.75. The disclosure for this sale can be found here. Insiders have sold a total of 29,117 shares of company stock worth $1,755,579 over the last ninety days. Insiders own 42.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. boosted its holdings in MACOM Technology Solutions Holdings by 32.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock worth $199,000 after acquiring an additional 864 shares during the last quarter. California State Teachers Retirement System boosted its holdings in MACOM Technology Solutions Holdings by 15.6% during the 2nd quarter. California State Teachers Retirement System now owns 71,895 shares of the semiconductor company’s stock worth $4,010,000 after acquiring an additional 9,717 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in MACOM Technology Solutions Holdings by 6.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,799 shares of the semiconductor company’s stock worth $435,000 after acquiring an additional 503 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in MACOM Technology Solutions Holdings by 26.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,926 shares of the semiconductor company’s stock worth $1,781,000 after acquiring an additional 6,688 shares during the last quarter. Finally, State Street Corp boosted its holdings in MACOM Technology Solutions Holdings by 13.0% during the 2nd quarter. State Street Corp now owns 924,113 shares of the semiconductor company’s stock worth $51,535,000 after acquiring an additional 106,517 shares during the last quarter. 79.85% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Holdings 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.

Analyst Recommendations for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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