MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)‘s stock had its “buy” rating reaffirmed by equities researchers at Craig Hallum in a report issued on Tuesday. They presently have a $54.00 price objective on the semiconductor company’s stock. Craig Hallum’s price objective indicates a potential upside of 25.06% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, June 6th. Needham & Company LLC boosted their price target on MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, June 26th. BidaskClub lowered MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Barclays PLC restated an “overweight” rating and issued a $70.00 price target (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $57.67.

MACOM Technology Solutions Holdings (NASDAQ MTSI) traded down 5.06% on Tuesday, hitting $43.18. 845,219 shares of the company traded hands. The stock’s 50-day moving average is $43.12 and its 200 day moving average is $50.90. The stock’s market cap is $2.77 billion. MACOM Technology Solutions Holdings has a 12 month low of $35.33 and a 12 month high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (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 company had revenue of $194.56 million during the quarter, compared to analysts’ expectations of $194.93 million. During the same quarter in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 36.7% compared to the same quarter last year. Equities research analysts expect that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current fiscal year.

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In related news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $60.76, for a total value of $121,520.00. Following the sale, the insider now owns 51,200 shares of the company’s stock, valued at approximately $3,110,912. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 4,225 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $59.95, for a total value of $253,288.75. The disclosure for this sale can be found here. Insiders sold 25,367 shares of company stock worth $1,547,716 over the last quarter. Company insiders own 57.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTSI. Strs Ohio acquired a new position in shares of MACOM Technology Solutions Holdings in the second quarter worth $105,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of MACOM Technology Solutions Holdings in the first quarter valued at $116,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MACOM Technology Solutions Holdings by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 199 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of MACOM Technology Solutions Holdings by 7.9% during the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 189 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of MACOM Technology Solutions Holdings by 6.6% during the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 143 shares during the last quarter. 79.65% of the stock is 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.

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

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