MACOM Technology Solutions (MTSI) Rating Lowered to Equal Weight at Barclays

MACOM Technology Solutions (NASDAQ:MTSI) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Wednesday, February 7th.

Other research analysts have also issued research reports about the company. dropped their price objective on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Needham & Company LLC decreased 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. Jefferies Group set a $61.00 target price on MACOM Technology Solutions and gave the stock a “buy” rating in a research report on Wednesday, October 18th. ValuEngine upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Finally, BidaskClub upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.00.

MACOM Technology Solutions (NASDAQ MTSI) traded up $0.39 during mid-day trading on Wednesday, reaching $19.49. The company had a trading volume of 1,138,300 shares, compared to its average volume of 1,631,117. The stock has a market capitalization of $1,230.15, a PE ratio of -5.54 and a beta of 1.14. MACOM Technology Solutions has a 12-month low of $17.84 and a 12-month high of $65.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.00 and a current ratio of 5.70.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The company had revenue of $130.93 million during the quarter, compared to analyst estimates of $132.91 million. MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. The company’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. research analysts predict that MACOM Technology Solutions will post -0.06 EPS for the current fiscal year.

In related news, CEO John Croteau sold 2,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.94, for a total value of $63,880.00. Following the completion of the transaction, the chief executive officer now owns 149,219 shares of the company’s stock, valued at $4,766,054.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 4,750 shares of company stock valued at $158,518 in the last three months. 32.20% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 6.6% in the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 143 shares during the last quarter. SG Americas Securities LLC acquired a new stake in MACOM Technology Solutions in the 3rd quarter valued at approximately $194,000. Ameritas Investment Partners Inc. increased its position in MACOM Technology Solutions by 32.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock valued at $199,000 after acquiring an additional 864 shares during the period. ProShare Advisors LLC acquired a new stake in MACOM Technology Solutions in the 2nd quarter valued at approximately $200,000. Finally, US Bancorp DE increased its position in MACOM Technology Solutions by 40.0% in the 4th quarter. US Bancorp DE now owns 6,319 shares of the semiconductor company’s stock valued at $206,000 after acquiring an additional 1,806 shares during the period. 83.93% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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