MACOM Technology Solutions (MTSI) Stock Rating Upgraded by Zacks Investment Research

MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts. “

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Several other brokerages have also issued reports on MTSI. ValuEngine upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. DA Davidson cut their target price on shares of MACOM Technology Solutions from $43.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. BidaskClub lowered shares of MACOM Technology Solutions from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 28th. Needham & Company LLC cut their target price on shares of MACOM Technology Solutions from $42.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Finally, Northland Securities initiated coverage on shares of MACOM Technology Solutions in a research report on Wednesday, April 4th. They issued an “outperform” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.93.

Shares of NASDAQ:MTSI opened at $19.08 on Wednesday. MACOM Technology Solutions has a 52-week low of $15.46 and a 52-week high of $65.99. The firm has a market capitalization of $1,201.17, a P/E ratio of 18.11 and a beta of 1.60. The company has a quick ratio of 4.00, a current ratio of 5.70 and a debt-to-equity ratio of 0.89.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results 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 company had revenue of $130.93 million during the quarter, compared to analysts’ expectations of $132.91 million. During the same quarter last year, the firm posted $0.57 earnings per share. The firm’s revenue was down 13.7% on a year-over-year basis. sell-side analysts predict that MACOM Technology Solutions will post -0.06 EPS for the current year.

In other news, SVP Robert Dennehy acquired 10,000 shares of the stock in a transaction dated Friday, February 16th. The stock was purchased at an average cost of $20.43 per share, with a total value of $204,300.00. Following the completion of the purchase, the senior vice president now owns 66,556 shares in the company, valued at approximately $1,359,739.08. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang acquired 2,500 shares of the stock in a transaction dated Thursday, February 22nd. The shares were purchased at an average cost of $21.70 per share, with a total value of $54,250.00. Following the completion of the purchase, the senior vice president now owns 35,501 shares of the company’s stock, valued at approximately $770,371.70. The disclosure for this purchase can be found here. Insiders sold 750 shares of company stock valued at $16,938 over the last three months. 32.20% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. California Public Employees Retirement System raised its stake in shares of MACOM Technology Solutions by 7.2% during the fourth quarter. California Public Employees Retirement System now owns 25,378 shares of the semiconductor company’s stock valued at $826,000 after acquiring an additional 1,700 shares during the last quarter. US Bancorp DE raised its stake in shares of MACOM Technology Solutions by 40.0% during the fourth 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 last quarter. American International Group Inc. raised its stake in shares of MACOM Technology Solutions by 8.1% during the third quarter. American International Group Inc. now owns 27,197 shares of the semiconductor company’s stock valued at $1,213,000 after acquiring an additional 2,033 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MACOM Technology Solutions by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 256,614 shares of the semiconductor company’s stock valued at $11,447,000 after acquiring an additional 2,209 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of MACOM Technology Solutions by 3.5% during the fourth quarter. Swiss National Bank now owns 71,050 shares of the semiconductor company’s stock valued at $2,312,000 after acquiring an additional 2,400 shares during the last quarter. 90.36% of the stock is owned by hedge funds and other institutional investors.

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About MACOM Technology Solutions

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.

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