MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday.

A number of other research analysts have also recently issued reports on the company. Barclays cut their price objective on MACOM Technology Solutions from $50.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. J P Morgan Chase & Co cut their price target on MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. cut their price target on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. cut their price target on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. Finally, cut their price target on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.10.

Shares of MACOM Technology Solutions (MTSI) traded down $0.50 during midday trading on Monday, hitting $31.76. The company’s stock had a trading volume of 670,913 shares, compared to its average volume of 822,763. The company has a market capitalization of $2,040.00, a PE ratio of 18.98, a PEG ratio of 1.59 and a beta of 1.31. MACOM Technology Solutions has a 12 month low of $29.73 and a 12 month high of $65.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.64 and a current ratio of 4.81.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The company had revenue of $166.40 million for the quarter, compared to the consensus estimate of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. equities analysts forecast that MACOM Technology Solutions will post 0.95 EPS for the current year.

In related news, CEO John Croteau sold 2,000 shares of MACOM Technology Solutions stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.94, for a total value of $63,880.00. Following the completion of the sale, the chief executive officer now directly owns 149,219 shares in the company, valued at $4,766,054.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 5,250 shares of company stock valued at $205,225. Corporate insiders own 57.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. grew its position in shares of MACOM Technology Solutions by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after buying an additional 143 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MACOM Technology Solutions by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after buying an additional 199 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of MACOM Technology Solutions by 6.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,799 shares of the semiconductor company’s stock worth $435,000 after buying an additional 503 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of MACOM Technology Solutions by 3.1% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 26,938 shares of the semiconductor company’s stock worth $1,502,000 after buying an additional 819 shares during the period. Finally, Ameritas Investment Partners Inc. grew its position in shares of MACOM Technology Solutions by 32.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock worth $199,000 after buying an additional 864 shares during the period. Institutional investors own 88.18% of the company’s stock.

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About MACOM Technology Solutions

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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