MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by equities research analysts at DA Davidson from a “neutral” rating to a “buy” rating in a report issued on Friday, Marketbeat reports. The brokerage presently has a $43.00 target price on the semiconductor company’s stock, up from their previous target price of $32.00. DA Davidson’s price objective would indicate a potential upside of 16.78% from the company’s previous close.
Several other brokerages have also commented on MTSI. Raymond James Financial reissued a “market perform” rating on shares of MACOM Technology Solutions in a research report on Thursday, September 14th. Zacks Investment Research raised MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Craig Hallum reissued a “buy” rating and set a $54.00 price objective on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. Stifel Nicolaus lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the company from $57.00 to $43.00 in a research report on Monday, October 16th. Finally, Jefferies Group set a $61.00 price objective on MACOM Technology Solutions and gave the company a “buy” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. MACOM Technology Solutions presently has an average rating of “Hold” and an average price target of $43.20.
Shares of MACOM Technology Solutions (MTSI) opened at $36.82 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.81 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $2,366.20, a price-to-earnings ratio of -12.40, a P/E/G ratio of 1.82 and a beta of 1.32. MACOM Technology Solutions has a 52 week low of $29.73 and a 52 week high of $65.99.
In other news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $35.05, for a total value of $70,100.00. Following the completion of the transaction, the insider now owns 147,219 shares of the company’s stock, valued at approximately $5,160,025.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 4,500 shares of company stock valued at $151,160. 42.30% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of MTSI. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MACOM Technology Solutions by 10.1% in 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 in the last quarter. Advisor Group Inc. increased its holdings in MACOM Technology Solutions by 6.6% in 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 in the last quarter. BT Investment Management Ltd bought a new stake in MACOM Technology Solutions in the 2nd quarter worth about $162,000. SG Americas Securities LLC bought a new stake in MACOM Technology Solutions in the 3rd quarter worth about $194,000. Finally, Ameritas Investment Partners Inc. increased its holdings in MACOM Technology Solutions by 32.0% in 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 in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.
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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.
