MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) had its price target decreased by equities research analysts at Barclays PLC from $63.00 to $50.00 in a note issued to investors on Wednesday. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. Barclays PLC’s price objective points to a potential upside of 28.97% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target (down previously from $56.00) on shares of MACOM Technology Solutions Holdings in a report on Tuesday. DA Davidson began coverage on shares of MACOM Technology Solutions Holdings in a report on Monday. They issued a “neutral” rating and a $45.00 price target for the company. Stifel Nicolaus lowered shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating and lowered their price target for the company from $57.00 to $43.00 in a report on Monday. Zacks Investment Research raised shares of MACOM Technology Solutions Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Craig Hallum reissued a “buy” rating and issued a $54.00 price target on shares of MACOM Technology Solutions Holdings in a report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. MACOM Technology Solutions Holdings has a consensus rating of “Hold” and an average target price of $49.67.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded up 2.84% during midday trading on Wednesday, reaching $38.77. The company’s stock had a trading volume of 664,943 shares. The firm has a 50-day moving average price of $43.59 and a 200 day moving average price of $50.72. The stock’s market capitalization is $2.49 billion. MACOM Technology Solutions Holdings has a 52-week low of $35.33 and a 52-week high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The company had revenue of $194.56 million during the quarter, compared to analyst estimates of $194.93 million. MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The business’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. Equities research analysts predict 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, Director Charles R. Bland sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $60.73, for a total value of $45,547.50. Following the transaction, the director now directly owns 24,390 shares of the company’s stock, valued at $1,481,204.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total transaction of $90,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,892 shares of company stock worth $1,418,593. Insiders own 57.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in MACOM Technology Solutions Holdings by 8.5% in the second quarter. Vanguard Group Inc. now owns 3,444,631 shares of the semiconductor company’s stock valued at $192,107,000 after acquiring an additional 269,836 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in MACOM Technology Solutions Holdings by 1,136.5% in the second quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock valued at $157,274,000 after acquiring an additional 2,592,080 shares during the last quarter. BlackRock Inc. boosted its stake in MACOM Technology Solutions Holdings by 16.7% in the second quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock valued at $133,565,000 after acquiring an additional 342,102 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in MACOM Technology Solutions Holdings by 603.9% in the second quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock valued at $118,111,000 after acquiring an additional 1,816,972 shares during the last quarter. Finally, FMR LLC boosted its stake in MACOM Technology Solutions Holdings by 54.5% in the first quarter. FMR LLC now owns 1,264,242 shares of the semiconductor company’s stock valued at $61,063,000 after acquiring an additional 445,749 shares during the last quarter. 79.33% of the stock is currently owned by hedge funds and other 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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