MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) had its price target lowered by Barclays PLC from $50.00 to $40.00 in a research note issued to investors on Wednesday. The firm currently has an “overweight” rating on the semiconductor company’s stock. Barclays PLC’s price objective would suggest a potential upside of 9.26% from the company’s previous close.

MTSI has been the topic of several other research reports. Zacks Investment Research lowered shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. BidaskClub lowered shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC set a $61.00 price target on shares of MACOM Technology Solutions Holdings and gave the company a “buy” rating in a research note on Wednesday, October 18th. Raymond James Financial, Inc. restated a “market perform” rating on shares of MACOM Technology Solutions Holdings in a research note on Thursday, September 14th. Finally, Craig Hallum restated a “buy” rating and issued a $54.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.10.

MACOM Technology Solutions Holdings (MTSI) traded up $0.04 on Wednesday, reaching $36.61. 904,600 shares of the company traded hands, compared to its average volume of 763,395. The firm has a market capitalization of $2,349.03, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 0.97 and a beta of 1.40. MACOM Technology Solutions Holdings has a 52-week low of $35.58 and a 52-week high of $65.99. The company has a current ratio of 5.61, a quick ratio of 4.42 and a debt-to-equity ratio of 0.87.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $166.40 million for the quarter, compared to analyst estimates of $171.80 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. MACOM Technology Solutions Holdings’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. equities analysts anticipate that MACOM Technology Solutions Holdings will post 1.68 EPS for the current year.

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In related news, Director Geoffrey G. Ribar acquired 5,000 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were acquired at an average price of $43.37 per share, for a total transaction of $216,850.00. Following the completion of the purchase, the director now directly owns 11,063 shares of the company’s stock, valued at $479,802.31. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 48,855 shares in the company, valued at approximately $2,231,696.40. The disclosure for this sale can be found here. Insiders have sold 5,500 shares of company stock worth $247,340 in the last quarter. Company insiders own 57.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MTSI. J. Goldman & Company acquired a new position in shares of MACOM Technology Solutions Holdings during the third quarter valued at approximately $2,902,000. Emerald Mutual Fund Advisers Trust increased its stake in shares of MACOM Technology Solutions Holdings by 73.7% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 240,140 shares of the semiconductor company’s stock valued at $9,819,000 after acquiring an additional 101,870 shares during the period. Emerald Advisers Inc. PA boosted its holdings in MACOM Technology Solutions Holdings by 152.7% during the fourth quarter. Emerald Advisers Inc. PA now owns 212,921 shares of the semiconductor company’s stock worth $8,706,000 after buying an additional 128,671 shares in the last quarter. Russell Frank Co boosted its holdings in MACOM Technology Solutions Holdings by 6.1% during the fourth quarter. Russell Frank Co now owns 357,721 shares of the semiconductor company’s stock worth $14,940,000 after buying an additional 20,456 shares in the last quarter. Finally, California State Teachers Retirement System boosted its holdings in MACOM Technology Solutions Holdings by 1.6% during the fourth quarter. California State Teachers Retirement System now owns 43,432 shares of the semiconductor company’s stock worth $1,776,000 after buying an additional 689 shares in the last quarter. Institutional investors and hedge funds own 87.91% of the company’s stock.

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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