MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)‘s stock had its “market perform” rating reaffirmed by Raymond James Financial, Inc. in a report issued on Thursday.

Several other analysts also recently issued reports on the company. Needham & Company LLC lifted their target price on MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, June 26th. Stifel Nicolaus lifted their target price on MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and set a $66.00 target price on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, May 17th. BidaskClub raised MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Barclays PLC reissued an “overweight” rating and set a $70.00 target price (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $55.50.

Shares of MACOM Technology Solutions Holdings (MTSI) traded up 0.50% during midday trading on Thursday, hitting $43.86. The stock had a trading volume of 119,973 shares. The stock’s 50 day moving average price is $46.17 and its 200 day moving average price is $51.16. 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 $2.82 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share 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 company had revenue of $194.56 million for the quarter, compared to analysts’ expectations of $194.93 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 36.7% on a year-over-year basis. On average, equities analysts forecast that MACOM Technology Solutions Holdings will post $2.33 EPS for the current fiscal year.

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In other MACOM Technology Solutions Holdings news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $55.15, for a total value of $110,300.00. Following the sale, the insider now owns 53,655 shares of the company’s stock, valued at approximately $2,959,073.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Bland sold 1,750 shares of MACOM Technology Solutions Holdings stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $55.75, for a total value of $97,562.50. Following the completion of the sale, the director now directly owns 25,190 shares in the company, valued at approximately $1,404,342.50. The disclosure for this sale can be found here. Insiders have sold a total of 29,117 shares of company stock worth $1,755,579 in the last three months. 42.30% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in MTSI. Teachers Advisors LLC increased its stake in MACOM Technology Solutions Holdings by 1.4% in the 4th quarter. Teachers Advisors LLC now owns 38,028 shares of the semiconductor company’s stock worth $1,760,000 after acquiring an additional 530 shares during the last quarter. Nationwide Fund Advisors increased its stake in MACOM Technology Solutions Holdings by 13.4% in the 1st quarter. Nationwide Fund Advisors now owns 115,886 shares of the semiconductor company’s stock worth $5,597,000 after acquiring an additional 13,679 shares during the last quarter. Russell Investments Group Ltd. increased its stake in MACOM Technology Solutions Holdings by 2.2% in the 1st quarter. Russell Investments Group Ltd. now owns 202,629 shares of the semiconductor company’s stock worth $9,787,000 after acquiring an additional 4,280 shares during the last quarter. Wells Fargo & Company MN increased its stake in MACOM Technology Solutions Holdings by 565.9% in the 1st quarter. Wells Fargo & Company MN now owns 318,562 shares of the semiconductor company’s stock worth $15,387,000 after acquiring an additional 270,726 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in MACOM Technology Solutions Holdings by 96.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,713 shares of the semiconductor company’s stock worth $227,000 after acquiring an additional 2,313 shares during the last quarter. 79.85% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Holdings Company Profile

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)

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