MACOM Technology Solutions Holdings, Inc. (MTSI) PT Lowered to $35.00

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) had its price target cut by investment analysts at Stifel Nicolaus from $43.00 to $35.00 in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 4.40% from the company’s current price.

MTSI has been the topic of several other research reports. Bank of America Corporation lowered shares of MACOM Technology Solutions Holdings from a “neutral” rating to an “underperform” rating in a research note on Wednesday. Craig Hallum reaffirmed a “buy” rating and issued a $54.00 target price on shares of MACOM Technology Solutions Holdings in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. BidaskClub downgraded shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, DA Davidson cut their price target on shares of MACOM Technology Solutions Holdings to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $42.89.

MACOM Technology Solutions Holdings (MTSI) opened at $36.61 on Wednesday. The stock has a market cap of $2,349.03, a PE ratio of 20.43, a PEG ratio of 0.97 and a beta of 1.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.61 and a quick ratio of 4.42. MACOM Technology Solutions Holdings has a one year low of $35.58 and a one year high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Monday, November 13th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. sell-side analysts expect that MACOM Technology Solutions Holdings will post 1.68 earnings per share for the current fiscal year.

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In other MACOM Technology Solutions Holdings news, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total transaction of $90,400.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Geoffrey G. Ribar bought 5,000 shares of the company’s stock in a transaction on Monday, August 28th. The shares were bought at an average price of $43.37 per share, for a total transaction of $216,850.00. Following the completion of the acquisition, the director now directly owns 11,063 shares in the company, valued at approximately $479,802.31. The disclosure for this purchase can be found here. Insiders sold a total of 5,500 shares of company stock worth $247,340 over the last quarter. 57.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in MTSI. Principal Financial Group Inc. acquired a new stake in MACOM Technology Solutions Holdings during the 1st quarter worth approximately $215,000. Teachers Advisors LLC raised its holdings in MACOM Technology Solutions Holdings by 52.4% during the 1st quarter. Teachers Advisors LLC now owns 57,962 shares of the semiconductor company’s stock worth $2,800,000 after buying an additional 19,934 shares during the period. TIAA CREF Investment Management LLC raised its holdings in MACOM Technology Solutions Holdings by 32.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 89,720 shares of the semiconductor company’s stock worth $4,333,000 after buying an additional 21,809 shares during the period. California Public Employees Retirement System acquired a new stake in MACOM Technology Solutions Holdings during the 1st quarter worth approximately $1,086,000. Finally, Legal & General Group Plc raised its holdings in MACOM Technology Solutions Holdings by 102.6% during the 1st quarter. Legal & General Group Plc now owns 11,546 shares of the semiconductor company’s stock worth $554,000 after buying an additional 5,846 shares during the period. Hedge funds and other institutional investors own 87.91% of the company’s stock.

MACOM Technology Solutions Holdings 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 Holdings (NASDAQ:MTSI)

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