MACOM Technology Solutions (MTSI) Downgraded to Hold at Zacks Investment Research

MACOM Technology Solutions (NASDAQ:MTSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts. “

Other analysts have also issued research reports about the company. Jefferies Group set a $61.00 price objective on MACOM Technology Solutions and gave the company a “buy” rating in a research note on Wednesday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price (down previously from $56.00) on shares of MACOM Technology Solutions in a research note on Tuesday, October 17th. lowered their target price on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. ValuEngine upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Finally, BidaskClub upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $38.00.

MACOM Technology Solutions (MTSI) traded down $1.21 during trading hours on Thursday, reaching $18.00. The company’s stock had a trading volume of 3,181,693 shares, compared to its average volume of 1,402,382. 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 $1,955.24, a price-to-earnings ratio of -5.24, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. MACOM Technology Solutions has a 12-month low of $17.90 and a 12-month high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The business had revenue of $130.93 million during the quarter, compared to the consensus estimate of $132.91 million. MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.29%. MACOM Technology Solutions’s quarterly revenue was down 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. equities research analysts forecast that MACOM Technology Solutions will post 1.04 earnings per share for the current fiscal year.

In related news, insider John Croteau sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $35.05, for a total transaction of $70,100.00. Following the sale, the insider now owns 147,219 shares of the company’s stock, valued at $5,160,025.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 4,750 shares of company stock worth $158,518 in the last three months. 32.20% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of MTSI. Prudential Financial Inc. acquired a new stake in MACOM Technology Solutions during the second quarter worth approximately $236,000. Principal Financial Group Inc. boosted its holdings in shares of MACOM Technology Solutions by 27.0% in the 2nd quarter. Principal Financial Group Inc. now owns 5,641 shares of the semiconductor company’s stock valued at $315,000 after purchasing an additional 1,198 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of MACOM Technology Solutions by 32.6% in the 2nd quarter. Teachers Advisors LLC now owns 76,861 shares of the semiconductor company’s stock valued at $4,287,000 after purchasing an additional 18,899 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of MACOM Technology Solutions by 25.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 112,659 shares of the semiconductor company’s stock valued at $6,283,000 after purchasing an additional 22,939 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of MACOM Technology Solutions by 16.7% in 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 in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

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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.

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