Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have received an average rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $55.60.

MTSI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Barclays PLC reaffirmed an “overweight” rating and issued a $63.00 price objective (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 price objective (down from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $61.00 price objective (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus cut their price objective on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd.

Shares of MACOM Technology Solutions Holdings (MTSI) traded down 2.72% during mid-day trading on Friday, reaching $39.67. The company’s stock had a trading volume of 1,064,607 shares. MACOM Technology Solutions Holdings has a 12 month low of $35.33 and a 12 month high of $65.99. The firm’s market cap is $2.55 billion. The company has a 50-day moving average of $53.43 and a 200-day moving average of $51.54.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.01. MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm had revenue of $194.56 million for the quarter, compared to analyst estimates of $194.93 million. During the same period in the previous year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 36.7% compared to the same quarter last year. On average, analysts predict that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/08/19/macom-technology-solutions-holdings-inc-mtsi-receives-consensus-recommendation-of-hold-from-brokerages.html.

In other news, Chairman John L. Ocampo sold 299,500 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $57.34, for a total transaction of $17,173,330.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Preetinder S. Virk sold 533 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $60.79, for a total value of $32,401.07. Following the sale, the senior vice president now owns 17,696 shares of the company’s stock, valued at approximately $1,075,739.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 414,435 shares of company stock valued at $24,203,559. 42.30% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC increased its stake in shares of MACOM Technology Solutions Holdings by 23.2% in the fourth quarter. Guggenheim Capital LLC now owns 14,865 shares of the semiconductor company’s stock valued at $688,000 after buying an additional 2,801 shares during the period. Norges Bank bought a new stake in shares of MACOM Technology Solutions Holdings during the fourth quarter valued at about $1,413,000. Teachers Advisors LLC increased its stake in shares of MACOM Technology Solutions Holdings by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 38,028 shares of the semiconductor company’s stock valued at $1,760,000 after buying an additional 530 shares during the period. Nationwide Fund Advisors increased its stake in shares of MACOM Technology Solutions Holdings by 13.4% in the first quarter. Nationwide Fund Advisors now owns 115,886 shares of the semiconductor company’s stock valued at $5,597,000 after buying an additional 13,679 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in shares of MACOM Technology Solutions Holdings by 2.1% in the first quarter. Sit Investment Associates Inc. now owns 67,775 shares of the semiconductor company’s stock valued at $3,274,000 after buying an additional 1,425 shares during the period. Hedge funds and other institutional investors own 75.06% of the company’s stock.

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.

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

Receive News & Ratings for MACOM Technology Solutions Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.