MACOM Technology Solutions (MTSI) Given New $36.00 Price Target at Craig Hallum

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective reduced by stock analysts at Craig Hallum from $46.00 to $36.00 in a report released on Wednesday. The firm presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price target would suggest a potential upside of 87.40% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. ValuEngine upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Barclays reduced their price objective on shares of MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Stifel Nicolaus downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $57.00 to $43.00 in a research note on Monday, October 16th. Finally, BidaskClub downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. MACOM Technology Solutions has a consensus rating of “Hold” and an average price target of $38.00.

Shares of MACOM Technology Solutions (MTSI) traded down $11.15 during trading on Wednesday, reaching $19.21. 14,008,659 shares of the company’s stock were exchanged, compared to its average volume of 1,426,533. The firm has a market capitalization of $1,839.96, a P/E ratio of -6.47, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64. MACOM Technology Solutions has a 12-month low of $18.86 and a 12-month high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The firm had revenue of $130.93 million for the quarter, compared to analyst estimates of $132.91 million. MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The company’s quarterly revenue was down 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share. research analysts forecast that MACOM Technology Solutions will post 1.04 earnings per share for the current year.

In other news, insider John Croteau sold 2,000 shares of the stock in a transaction dated Thursday, January 4th. The shares were 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 $5,160,025.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 4,500 shares of company stock valued at $150,968 in the last three months. Company insiders own 32.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 143 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of MACOM Technology Solutions by 32.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock worth $199,000 after acquiring an additional 864 shares during the last quarter. ProShare Advisors LLC bought a new position in MACOM Technology Solutions in the 2nd quarter valued at approximately $200,000. Prudential Financial Inc. bought a new position in MACOM Technology Solutions in the 2nd quarter valued at approximately $236,000. Finally, SG Americas Securities LLC bought a new position in MACOM Technology Solutions in the 3rd quarter valued at approximately $194,000. 84.33% 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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