MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday, December 11th.
Other analysts have also issued research reports about the stock. Bank of America lowered shares of MACOM Technology Solutions from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 15th. Craig Hallum reiterated a “buy” rating and issued a $54.00 price objective on shares of MACOM Technology Solutions in a research note on Tuesday, October 3rd. cut their price objective on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, November 15th. Zacks Investment Research lowered shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Finally, cut their price objective on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $42.10.
MACOM Technology Solutions (MTSI) traded up $0.04 during trading hours on Monday, reaching $33.00. 471,238 shares of the company were exchanged, compared to its average volume of 815,232. 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 current ratio of 4.81 and a quick ratio of 3.64. The stock has a market capitalization of $2,120.00, a PE ratio of -13.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.31.
In other MACOM Technology Solutions news, CEO John Croteau sold 2,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $31.94, for a total transaction of $63,880.00. Following the transaction, the chief executive officer now directly owns 149,219 shares of the company’s stock, valued at $4,766,054.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 5,250 shares of company stock worth $205,225. 57.10% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in MACOM Technology Solutions by 52.4% during the first quarter. Teachers Advisors LLC now owns 57,962 shares of the semiconductor company’s stock worth $2,800,000 after purchasing an additional 19,934 shares during the period. Strs Ohio purchased a new position in MACOM Technology Solutions during the second quarter worth about $105,000. Sei Investments Co. raised its stake in MACOM Technology Solutions by 11.4% during the second quarter. Sei Investments Co. now owns 12,258 shares of the semiconductor company’s stock worth $684,000 after purchasing an additional 1,257 shares during the period. TD Asset Management Inc. raised its stake in MACOM Technology Solutions by 9.2% during the second quarter. TD Asset Management Inc. now owns 11,900 shares of the semiconductor company’s stock worth $664,000 after purchasing an additional 1,000 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in MACOM Technology Solutions by 10.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 158,891 shares of the semiconductor company’s stock worth $8,862,000 after purchasing an additional 15,348 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.
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About MACOM Technology Solutions
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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