MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group LLC in a report issued on Monday. They currently have a $55.00 target price on the stock. Jefferies Group LLC’s target price indicates a potential upside of 16.85% from the company’s previous close.

Several other equities research analysts have also weighed in on MTSI. Zacks Investment Research lowered MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 23rd. Barclays PLC restated a “buy” rating and issued a $52.00 target price on shares of MACOM Technology Solutions Holdings in a report on Friday, January 20th. Finally, Needham & Company LLC boosted their target price on MACOM Technology Solutions Holdings from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $48.43.

Analyst Recommendations for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

Shares of MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded up 0.19% during trading on Monday, reaching $47.07. The company had a trading volume of 220,523 shares. The stock has a 50 day moving average price of $46.88 and a 200 day moving average price of $44.56. MACOM Technology Solutions Holdings has a 12 month low of $29.56 and a 12 month high of $53.80. The firm has a market capitalization of $2.98 billion, a PE ratio of 156.90 and a beta of 1.52.

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MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The business earned $151.80 million during the quarter, compared to analyst estimates of $152.01 million. MACOM Technology Solutions Holdings had a return on equity of 19.84% and a net margin of 2.76%. The firm’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. On average, equities research analysts forecast that MACOM Technology Solutions Holdings will post $2.64 EPS for the current year.

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In related news, Director Lunsen Gil J. Van sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $46.83, for a total value of $46,830.00. Following the completion of the sale, the director now directly owns 16,916 shares in the company, valued at approximately $792,176.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman John L. Ocampo sold 169,000 shares of the business’s stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of $46.42, for a total value of $7,844,980.00. The disclosure for this sale can be found here. 57.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Silvercrest Asset Management Group LLC increased its position in shares of MACOM Technology Solutions Holdings by 17.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,846,055 shares of the company’s stock valued at $85,435,000 after buying an additional 270,603 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of MACOM Technology Solutions Holdings by 9.4% in the third quarter. Neuberger Berman Group LLC now owns 1,070,189 shares of the company’s stock valued at $45,312,000 after buying an additional 91,829 shares in the last quarter. Brown Advisory Inc. increased its position in shares of MACOM Technology Solutions Holdings by 8.1% in the fourth quarter. Brown Advisory Inc. now owns 1,045,673 shares of the company’s stock valued at $48,393,000 after buying an additional 77,987 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of MACOM Technology Solutions Holdings by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 824,378 shares of the company’s stock valued at $34,903,000 after buying an additional 2,772 shares in the last quarter. Finally, FMR LLC increased its position in shares of MACOM Technology Solutions Holdings by 182.8% in the fourth quarter. FMR LLC now owns 818,493 shares of the company’s stock valued at $37,880,000 after buying an additional 529,110 shares in the last quarter. 61.02% of the stock is currently owned by institutional investors.

About MACOM Technology Solutions Holdings

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.

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