MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been given an average recommendation of “Hold” by the nine analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $49.67.

A number of brokerages recently weighed in on MTSI. Needham & Company LLC restated a “buy” rating and set a $56.00 target price (down from $65.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Jefferies Group LLC restated a “buy” rating and set a $61.00 target price (down from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Stifel Nicolaus reduced their target price on shares of MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, August 2nd. Barclays PLC restated an “overweight” rating and set a $63.00 target price (down from $70.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Finally, BidaskClub raised shares of MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th.

ILLEGAL ACTIVITY NOTICE: “MACOM Technology Solutions Holdings, Inc. (MTSI) Given Average Recommendation of “Hold” by Analysts” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/02/macom-technology-solutions-holdings-inc-mtsi-given-average-recommendation-of-hold-by-analysts.html.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results 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). The business had revenue of $194.56 million for the quarter, compared to the consensus estimate of $194.93 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The company’s quarterly revenue was up 36.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share.

In other MACOM Technology Solutions Holdings news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Friday, September 1st. The shares were sold at an average price of $45.68, for a total transaction of $91,360.00. Following the completion of the sale, the insider now owns 48,855 shares of the company’s stock, valued at approximately $2,231,696.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Geoffrey G. Ribar bought 5,000 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were bought at an average cost of $43.37 per share, with a total value of $216,850.00. Following the purchase, the director now directly owns 11,063 shares in the company, valued at $479,802.31. The disclosure for this purchase can be found here. Insiders sold a total of 5,250 shares of company stock valued at $238,315 in the last ninety days. Company insiders own 42.30% of the company’s stock.

Several large investors have recently modified their holdings of MTSI. Parametric Portfolio Associates LLC boosted its stake in shares of MACOM Technology Solutions Holdings by 17.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 35,407 shares of the semiconductor company’s stock valued at $1,710,000 after buying an additional 5,275 shares during the period. Alliancebernstein L.P. boosted its stake in shares of MACOM Technology Solutions Holdings by 38.0% during the 1st quarter. Alliancebernstein L.P. now owns 51,050 shares of the semiconductor company’s stock valued at $2,466,000 after buying an additional 14,050 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of MACOM Technology Solutions Holdings during the 1st quarter valued at $215,000. Teachers Advisors LLC boosted its stake in shares of MACOM Technology Solutions Holdings by 52.4% during the 1st quarter. Teachers Advisors LLC now owns 57,962 shares of the semiconductor company’s stock valued at $2,800,000 after buying an additional 19,934 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of MACOM Technology Solutions Holdings by 32.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 89,720 shares of the semiconductor company’s stock valued at $4,333,000 after buying an additional 21,809 shares during the period. 79.64% 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)

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.