MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has been given a $61.00 target price by equities research analysts at Jefferies Group LLC in a report issued on Wednesday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Jefferies Group LLC’s price target points to a potential upside of 65.49% from the company’s previous close.

A number of other equities research analysts also recently issued reports on MTSI. Needham & Company LLC boosted their price objective on shares of MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, June 26th. BidaskClub downgraded shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Barclays PLC reissued an “overweight” rating and set a $70.00 price objective (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and set a $64.00 price objective on shares of MACOM Technology Solutions Holdings in a research report on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $49.67.

Shares of MACOM Technology Solutions Holdings (NASDAQ MTSI) traded down 1.63% during trading on Wednesday, reaching $36.86. The company’s stock had a trading volume of 1,156,685 shares. The firm’s 50-day moving average price is $42.59 and its 200-day moving average price is $50.30. MACOM Technology Solutions Holdings has a one year low of $35.33 and a one year high of $65.99. The company’s market capitalization is $2.37 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 7.18% and a negative return on equity of 7.10%. The business had revenue of $194.56 million for the quarter, compared to the consensus estimate of $194.93 million. During the same period in the previous year, the firm earned $0.51 EPS. The company’s revenue was up 36.7% on a year-over-year basis. On average, equities analysts anticipate that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current year.

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In other news, Director Geoffrey G. Ribar bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average price of $43.37 per share, with a total value of $216,850.00. Following the acquisition, the director now owns 11,063 shares of the company’s stock, valued at approximately $479,802.31. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles R. Bland sold 750 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.73, for a total transaction of $45,547.50. Following the completion of the transaction, the director now directly owns 24,390 shares of the company’s stock, valued at approximately $1,481,204.70. The disclosure for this sale can be found here. Insiders sold a total of 23,892 shares of company stock valued at $1,418,593 in the last ninety days. 42.30% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of MTSI. Great West Life Assurance Co. Can boosted its holdings 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 buying an additional 2,313 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in MACOM Technology Solutions Holdings by 111.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,486 shares of the semiconductor company’s stock worth $700,000 after buying an additional 7,641 shares during the period. First Trust Advisors LP boosted its holdings in MACOM Technology Solutions Holdings by 18.6% in the 1st quarter. First Trust Advisors LP now owns 24,443 shares of the semiconductor company’s stock worth $1,181,000 after buying an additional 3,832 shares during the period. Bank of New York Mellon Corp boosted its holdings in MACOM Technology Solutions Holdings by 19.3% in the 1st quarter. Bank of New York Mellon Corp now owns 214,505 shares of the semiconductor company’s stock worth $10,360,000 after buying an additional 34,635 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in MACOM Technology Solutions Holdings by 0.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 176,433 shares of the semiconductor company’s stock worth $8,522,000 after buying an additional 711 shares during the period. 79.33% 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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