MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) had its price objective cut by Barclays PLC from $50.00 to $40.00 in a report released on Wednesday morning, MarketBeat reports. They currently have an overweight rating on the semiconductor company’s stock.

MTSI has been the subject of several other reports. BidaskClub lowered shares of MACOM Technology Solutions Holdings from a buy rating to a hold rating in a research report on Monday, July 31st. Stifel Nicolaus decreased their price target on shares of MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a buy rating for the company in a research report on Wednesday, August 2nd. Jefferies Group LLC reissued a buy rating and set a $61.00 price target (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Needham & Company LLC reissued a buy rating and set a $56.00 price target (down from $65.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of MACOM Technology Solutions Holdings from a hold rating to a strong sell rating in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. MACOM Technology Solutions Holdings has a consensus rating of Hold and an average price target of $42.10.

Shares of MACOM Technology Solutions Holdings (MTSI) opened at $32.85 on Wednesday. The stock has a market cap of $2,111.07, a price-to-earnings ratio of 19.32, a PEG ratio of 0.82 and a beta of 1.40. MACOM Technology Solutions Holdings has a one year low of $29.73 and a one year high of $65.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 4.42 and a current ratio of 4.81.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 24.26% and a positive return on equity of 15.05%. The company had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $171.80 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. sell-side analysts predict that MACOM Technology Solutions Holdings will post 0.95 EPS for the current fiscal year.

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In other news, Director Geoffrey G. Ribar acquired 5,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were acquired at an average price of $43.37 per share, with a total value of $216,850.00. Following the purchase, the director now directly owns 11,063 shares of the company’s stock, valued at $479,802.31. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $45.20, for a total transaction of $90,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,500 shares of company stock worth $247,340. 42.30% of the stock is owned by corporate insiders.

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

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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