DA Davidson upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a neutral rating to a buy rating in a report released on Friday, Marketbeat reports. They currently have $43.00 price target on the semiconductor company’s stock, up from their previous price target of $32.00.

Other analysts have also issued reports about the company. BidaskClub raised MACOM Technology Solutions from a hold rating to a buy rating in a research report on Thursday, December 21st. Stifel Nicolaus dropped their target price on MACOM Technology Solutions from $43.00 to $35.00 and set a hold rating on the stock in a research report on Wednesday, November 15th. Barclays dropped their target price on MACOM Technology Solutions from $50.00 to $40.00 and set an overweight rating on the stock in a research report on Wednesday, November 15th. JPMorgan Chase & Co. dropped their target price on MACOM Technology Solutions from $55.00 to $45.00 and set an overweight rating on the stock in a research report on Wednesday, November 15th. Finally, Needham & Company LLC dropped their target price on MACOM Technology Solutions from $45.00 to $42.00 and set a buy rating on the stock in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $43.20.

Shares of MACOM Technology Solutions (NASDAQ:MTSI) traded up $0.31 on Friday, hitting $37.13. The company’s stock had a trading volume of 842,900 shares, compared to its average volume of 929,640. The firm has a market capitalization of $2,370.00, a PE ratio of -15.03, a PEG ratio of 1.82 and a beta of 1.31. MACOM Technology Solutions has a 12 month low of $29.73 and a 12 month high of $65.99. 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 (NASDAQ:MTSI) last announced 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 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 in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. analysts predict that MACOM Technology Solutions will post 0.95 EPS for the current year.

In related news, insider John Croteau sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $35.05, for a total value of $70,100.00. Following the completion of the sale, the insider now directly owns 147,219 shares of the company’s stock, valued at $5,160,025.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 4,750 shares of company stock valued at $159,993. 57.10% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MACOM Technology Solutions 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 buying an additional 199 shares during the last quarter. Advisor Group Inc. increased its holdings in MACOM Technology Solutions 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 buying an additional 143 shares during the last quarter. BT Investment Management Ltd bought a new stake in MACOM Technology Solutions in the second quarter valued at about $162,000. SG Americas Securities LLC bought a new stake in MACOM Technology Solutions in the third quarter valued at about $194,000. Finally, Ameritas Investment Partners Inc. increased its holdings in MACOM Technology Solutions 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 buying an additional 864 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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