Goldman Sachs Cuts MACOM Technology Solutions (MTSI) Price Target to $18.00

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective trimmed by Goldman Sachs from $26.00 to $18.00 in a research report sent to investors on Wednesday morning. The firm currently has a neutral rating on the semiconductor company’s stock.

Several other equities research analysts have also commented on the stock. Bank of America reduced their price target on shares of MACOM Technology Solutions from $30.00 to $25.00 and set an underperform rating for the company in a research report on Wednesday, February 7th. BidaskClub lowered shares of MACOM Technology Solutions from a buy rating to a hold rating in a research report on Saturday, January 20th. ValuEngine raised shares of MACOM Technology Solutions from a hold rating to a buy rating in a research report on Sunday, December 31st. JPMorgan Chase lowered shares of MACOM Technology Solutions from an overweight rating to a neutral rating in a research report on Wednesday, February 7th. Finally, DA Davidson raised shares of MACOM Technology Solutions from a neutral rating to a buy rating and upped their price target for the company from $32.00 to $43.00 in a research report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. MACOM Technology Solutions has an average rating of Hold and an average target price of $34.73.

MTSI opened at $17.03 on Wednesday. The company has a current ratio of 5.70, a quick ratio of 4.00 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1,100.05, a price-to-earnings ratio of 9.06 and a beta of 1.60. MACOM Technology Solutions has a 52-week low of $15.46 and a 52-week high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. The business 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 company earned $0.57 EPS. MACOM Technology Solutions’s revenue for the quarter was down 13.7% compared to the same quarter last year. analysts expect that MACOM Technology Solutions will post -0.06 EPS for the current year.

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

A number of institutional investors have recently added to or reduced their stakes in MTSI. SG Americas Securities LLC purchased a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $194,000. Wells Fargo & Company MN grew its holdings in MACOM Technology Solutions by 9.0% during the 3rd quarter. Wells Fargo & Company MN now owns 345,749 shares of the semiconductor company’s stock valued at $15,424,000 after buying an additional 28,480 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in MACOM Technology Solutions by 12.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 179,425 shares of the semiconductor company’s stock valued at $8,005,000 after buying an additional 20,534 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in MACOM Technology Solutions by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 256,614 shares of the semiconductor company’s stock valued at $11,447,000 after buying an additional 2,209 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in MACOM Technology Solutions by 555.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 41,674 shares of the semiconductor company’s stock valued at $1,852,000 after buying an additional 35,312 shares in the last quarter. 90.36% of the stock is owned by institutional investors.

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MACOM Technology Solutions Company Profile

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.

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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