MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI)’s share price was down 8.8% during trading on Thursday . The stock traded as low as $15.27 and last traded at $15.28. Approximately 800,199 shares traded hands during trading, a decline of 17% from the average daily volume of 966,945 shares. The stock had previously closed at $16.76.

Several equities analysts have commented on MTSI shares. BidaskClub downgraded shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions from $18.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, July 19th. Bank of America increased their target price on shares of MACOM Technology Solutions from $18.00 to $19.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 1st. Craig Hallum set a $26.00 target price on shares of MACOM Technology Solutions and gave the stock an “in-line” rating in a research report on Wednesday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $34.00 target price on shares of MACOM Technology Solutions in a research report on Wednesday, August 1st. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $32.40.

The stock has a market cap of $1.34 billion, a PE ratio of 8.13, a PEG ratio of 36.14 and a beta of 1.77. The company has a quick ratio of 3.62, a current ratio of 4.97 and a debt-to-equity ratio of 1.01.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $137.87 million for the quarter, compared to the consensus estimate of $146.71 million. MACOM Technology Solutions had a positive return on equity of 3.33% and a negative net margin of 22.92%. The firm’s revenue was down 29.1% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. On average, equities research analysts predict that MACOM Technology Solutions Holdings Inc will post 0.03 EPS for the current fiscal year.

In other news, Chairman John L. Ocampo bought 97,800 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The shares were acquired at an average cost of $20.95 per share, with a total value of $2,048,910.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Croteau sold 4,000 shares of MACOM Technology Solutions stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $21.05, for a total value of $84,200.00. Following the sale, the insider now directly owns 115,118 shares in the company, valued at $2,423,233.90. The disclosure for this sale can be found here. Company insiders own 32.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in MTSI. Wells Fargo & Company MN grew its position in MACOM Technology Solutions by 32.6% during the first quarter. Wells Fargo & Company MN now owns 508,539 shares of the semiconductor company’s stock worth $8,442,000 after buying an additional 125,058 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in MACOM Technology Solutions by 3.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 199,012 shares of the semiconductor company’s stock worth $3,304,000 after buying an additional 6,042 shares in the last quarter. Northern Trust Corp grew its position in MACOM Technology Solutions by 8.0% during the first quarter. Northern Trust Corp now owns 595,330 shares of the semiconductor company’s stock worth $9,883,000 after buying an additional 44,123 shares in the last quarter. New York State Common Retirement Fund grew its position in MACOM Technology Solutions by 49.1% during the first quarter. New York State Common Retirement Fund now owns 66,275 shares of the semiconductor company’s stock worth $1,100,000 after buying an additional 21,839 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in MACOM Technology Solutions by 135.8% during the first quarter. Dimensional Fund Advisors LP now owns 735,408 shares of the semiconductor company’s stock worth $12,208,000 after buying an additional 423,592 shares in the last quarter. 89.88% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Company Profile (NASDAQ:MTSI)

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.

Recommended Story: Relative Strength Index

Receive News & Ratings for MACOM Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.