MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) shares gapped down before the market opened on Tuesday . The stock had previously closed at $33.57, but opened at $36.59. MACOM Technology Solutions Holdings shares last traded at $37.18, with a volume of 459,482 shares changing hands.

A number of research analysts have commented on the stock. Barclays PLC reissued an “overweight” rating and set a $70.00 target price (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, July 12th. Craig Hallum reissued a “buy” rating and set a $54.00 target price on shares of MACOM Technology Solutions Holdings in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Stifel Nicolaus reissued a “buy” rating and set a $64.00 target price on shares of MACOM Technology Solutions Holdings in a research report on Friday, July 14th. Finally, BidaskClub downgraded shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $51.83.

The stock’s market cap is $2.42 billion. The stock has a 50-day moving average price of $43.59 and a 200 day moving average price of $50.72.

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

In other MACOM Technology Solutions Holdings news, Director Charles R. Bland sold 750 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $60.73, for a total value of $45,547.50. Following the transaction, the director now directly owns 24,390 shares in the company, valued at $1,481,204.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 11,241 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $64.26, for a total transaction of $722,346.66. Following the completion of the transaction, the senior vice president now owns 19,018 shares in the company, valued at $1,222,096.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,892 shares of company stock worth $1,418,593. 57.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Ardsley Advisory Partners purchased a new position in MACOM Technology Solutions Holdings in the second quarter valued at approximately $335,000. Ameritas Investment Partners Inc. increased its stake in MACOM Technology Solutions Holdings by 32.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock valued at $199,000 after purchasing an additional 864 shares during the last quarter. California State Teachers Retirement System increased its stake in MACOM Technology Solutions Holdings by 15.6% in the second quarter. California State Teachers Retirement System now owns 71,895 shares of the semiconductor company’s stock valued at $4,010,000 after purchasing an additional 9,717 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in MACOM Technology Solutions Holdings by 6.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,799 shares of the semiconductor company’s stock valued at $435,000 after purchasing an additional 503 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in MACOM Technology Solutions Holdings by 26.5% in the second quarter. The Manufacturers Life Insurance Company now owns 31,926 shares of the semiconductor company’s stock valued at $1,781,000 after purchasing an additional 6,688 shares during the last quarter. Institutional investors own 79.33% of the company’s stock.

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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.

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