MACOM Technology Solutions (MTSI) Downgraded by BidaskClub

MACOM Technology Solutions (NASDAQ:MTSI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also commented on the stock. Zacks Investment Research raised shares of MACOM Technology Solutions from a “strong sell” rating to a “buy” rating and set a $41.00 price target for the company in a report on Wednesday. Jefferies Group set a $61.00 price target on shares of MACOM Technology Solutions and gave the company a “buy” rating in a report on Wednesday, October 18th. decreased their price target on shares of MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. JPMorgan Chase & Co. decreased their price target on shares of MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. Finally, decreased their price target on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $43.00.

MACOM Technology Solutions (MTSI) opened at $33.46 on Friday. The firm has a market cap of $2,219.93, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.32. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions has a fifty-two week low of $29.73 and a fifty-two week high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The company had revenue of $166.40 million for the quarter, compared to analyst estimates of $171.80 million. MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. MACOM Technology Solutions’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. sell-side analysts predict that MACOM Technology Solutions will post 1.01 earnings per share for the current year.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $35.05, for a total transaction of $70,100.00. Following the completion of the transaction, the insider now directly owns 147,219 shares of the company’s stock, valued at approximately $5,160,025.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 4,750 shares of company stock valued at $159,993 over the last three months. 42.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in MACOM Technology Solutions by 122.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock valued at $280,034,000 after purchasing an additional 3,457,245 shares during the period. Vanguard Group Inc. boosted its stake in MACOM Technology Solutions by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,444,631 shares of the semiconductor company’s stock valued at $192,107,000 after purchasing an additional 269,836 shares during the period. Frontier Capital Management Co. LLC boosted its stake in MACOM Technology Solutions by 60.6% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,401,434 shares of the semiconductor company’s stock valued at $151,738,000 after purchasing an additional 1,283,603 shares during the period. BlackRock Inc. boosted its stake in MACOM Technology Solutions by 16.7% during the 2nd quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock valued at $133,565,000 after purchasing an additional 342,102 shares during the period. Finally, Jennison Associates LLC boosted its stake in MACOM Technology Solutions by 3.2% during the 3rd quarter. Jennison Associates LLC now owns 2,140,833 shares of the semiconductor company’s stock valued at $95,503,000 after purchasing an additional 65,664 shares during the period. 88.18% of the stock is owned by hedge funds and other institutional investors.

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MACOM Technology Solutions Company Profile

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 (NASDAQ:MTSI)

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