MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) had its target price cut by from $45.00 to $42.00 in a report published on Wednesday morning. They currently have a buy rating on the semiconductor company’s stock.

MTSI has been the subject of several other reports. Zacks Investment Research lowered MACOM Technology Solutions Holdings from a hold rating to a strong sell rating in a research report on Thursday, October 19th. BidaskClub lowered MACOM Technology Solutions Holdings from a buy rating to a hold rating in a research report on Monday, July 31st. Barclays PLC reduced their price target on MACOM Technology Solutions Holdings from $63.00 to $50.00 and set an overweight rating for the company in a research report on Wednesday, October 18th. Jefferies Group LLC set a $61.00 price target on MACOM Technology Solutions Holdings and gave the stock a buy rating in a research report on Wednesday, October 18th. Finally, Raymond James Financial, Inc. reissued a market perform rating on shares of MACOM Technology Solutions Holdings in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $42.10.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded up $1.31 on Wednesday, hitting $32.85. The stock had a trading volume of 1,590,969 shares, compared to its average volume of 807,848. The company has a market cap of $2,030.00, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 0.98 and a beta of 1.40. The company has a current ratio of 5.61, a quick ratio of 4.42 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions Holdings has a 52-week low of $29.73 and a 52-week high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The company had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. MACOM Technology Solutions Holdings had a positive return on equity of 15.58% and a negative net margin of 24.26%. The company’s revenue 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. research analysts forecast that MACOM Technology Solutions Holdings will post 1.87 earnings per share for the current fiscal year.

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In other MACOM Technology Solutions Holdings news, Director Geoffrey G. Ribar bought 5,000 shares of MACOM Technology Solutions Holdings stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average cost of $43.37 per share, with a total value of $216,850.00. Following the transaction, the director now directly owns 11,063 shares of the company’s stock, valued at approximately $479,802.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $45.68, for a total value of $91,360.00. Following the transaction, the insider now directly owns 48,855 shares in the company, valued at $2,231,696.40. The disclosure for this sale can be found here. Insiders have sold a total of 5,500 shares of company stock worth $247,340 over the last ninety days. 42.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in MTSI. Strs Ohio acquired a new position in shares of MACOM Technology Solutions Holdings in the second quarter valued at about $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of MACOM Technology Solutions Holdings by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after purchasing an additional 199 shares during the period. Advisor Group Inc. increased its holdings in shares of MACOM Technology Solutions Holdings by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 143 shares during the period. BT Investment Management Ltd acquired a new position in shares of MACOM Technology Solutions Holdings in the second quarter valued at about $162,000. Finally, Peddock Capital Advisors LLC increased its holdings in shares of MACOM Technology Solutions Holdings by 1,797.5% in the second quarter. Peddock Capital Advisors LLC now owns 3,093 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 2,930 shares during the period. 87.91% of the stock is currently owned by institutional investors and hedge funds.

About MACOM Technology Solutions Holdings

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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