Analysts Set MACOM Technology Solutions Holdings Inc (MTSI) Price Target at $36.67

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $36.67.

MTSI has been the topic of a number of research reports. BidaskClub lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. ValuEngine raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Barclays lowered their price target on MACOM Technology Solutions from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, November 15th. DA Davidson raised MACOM Technology Solutions from a “neutral” rating to a “buy” rating and raised their price target for the stock from $32.00 to $43.00 in a report on Friday, January 5th. Finally, Bank of America lowered MACOM Technology Solutions from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 15th.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $35.05, for a total value of $70,100.00. Following the sale, the insider now owns 147,219 shares of the company’s stock, valued at approximately $5,160,025.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 4,750 shares of company stock worth $158,518 in the last ninety days. 32.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MTSI. Prudential Financial Inc. purchased a new stake in MACOM Technology Solutions in the 2nd quarter valued at approximately $236,000. Principal Financial Group Inc. boosted its holdings in MACOM Technology Solutions by 27.0% in the 2nd quarter. Principal Financial Group Inc. now owns 5,641 shares of the semiconductor company’s stock valued at $315,000 after purchasing an additional 1,198 shares in the last quarter. Teachers Advisors LLC boosted its holdings in MACOM Technology Solutions by 32.6% in the 2nd quarter. Teachers Advisors LLC now owns 76,861 shares of the semiconductor company’s stock valued at $4,287,000 after purchasing an additional 18,899 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in MACOM Technology Solutions by 25.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 112,659 shares of the semiconductor company’s stock valued at $6,283,000 after purchasing an additional 22,939 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in MACOM Technology Solutions by 16.7% in the 2nd quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock valued at $133,565,000 after purchasing an additional 342,102 shares in the last quarter. 83.93% of the stock is currently owned by institutional investors.

Shares of MACOM Technology Solutions (NASDAQ MTSI) traded up $0.11 during mid-day trading on Friday, hitting $20.38. The company’s stock had a trading volume of 1,544,442 shares, compared to its average volume of 2,114,468. The stock has a market capitalization of $1,305.50, a price-to-earnings ratio of -5.79 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 issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). MACOM Technology Solutions had a positive return on equity of 10.35% and a negative net margin of 28.19%. The firm had revenue of $130.93 million for the quarter, compared to analysts’ expectations of $132.91 million. During the same period in the previous year, the business posted $0.57 EPS. The business’s revenue for the quarter was down 13.7% compared to the same quarter last year. research analysts forecast that MACOM Technology Solutions will post -0.06 EPS for the current fiscal year.

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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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