MACOM Technology Solutions Holdings, Inc. (MTSI) Receives Average Rating of “Hold” from Analysts
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $42.10.
A number of research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $56.00 price objective on shares of MACOM Technology Solutions in a research note on Tuesday, September 5th. Raymond James Financial reissued a “market perform” rating on shares of MACOM Technology Solutions in a research note on Thursday, September 14th. Zacks Investment Research raised shares of MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Craig Hallum reissued a “buy” rating and set a $54.00 price objective on shares of MACOM Technology Solutions in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their target price for the stock from $57.00 to $43.00 in a research note on Monday, October 16th.
Shares of MACOM Technology Solutions (MTSI) traded down $0.32 on Monday, hitting $32.27. 1,130,000 shares of the stock were exchanged, compared to its average volume of 1,120,000. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.64 and a current ratio of 4.81. MACOM Technology Solutions has a fifty-two week low of $29.73 and a fifty-two week high of $65.99. The stock has a market cap of $2,070.00, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.
MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The business had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $171.80 million. During the same period last year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. equities analysts expect that MACOM Technology Solutions will post 0.95 earnings per share for the current year.
In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total value of $90,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 3,500 shares of company stock valued at $155,980 over the last ninety days. 42.30% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in MTSI. Principal Financial Group Inc. acquired a new position in shares of MACOM Technology Solutions in the 1st quarter valued at $215,000. Teachers Advisors LLC boosted its holdings in shares of MACOM Technology Solutions by 52.4% in the 1st quarter. Teachers Advisors LLC now owns 57,962 shares of the semiconductor company’s stock valued at $2,800,000 after purchasing an additional 19,934 shares during the last quarter. California Public Employees Retirement System acquired a new position in shares of MACOM Technology Solutions in the 1st quarter valued at $1,086,000. Legal & General Group Plc boosted its holdings in shares of MACOM Technology Solutions by 102.6% in the 1st quarter. Legal & General Group Plc now owns 11,546 shares of the semiconductor company’s stock valued at $554,000 after purchasing an additional 5,846 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of MACOM Technology Solutions by 108,171.0% in the 1st quarter. BlackRock Inc. now owns 2,052,819 shares of the semiconductor company’s stock valued at $99,151,000 after purchasing an additional 2,050,923 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.
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MACOM Technology Solutions 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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