MACOM Technology Solutions (MTSI) Raised to Buy at BidaskClub

MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.

Several other equities analysts also recently weighed in on MTSI. ValuEngine upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Jefferies Group set a $61.00 target price on MACOM Technology Solutions and gave the stock a “buy” rating in a research report on Wednesday, October 18th. J P Morgan Chase & Co reduced their target price on MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th. dropped their price target on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Finally, dropped their price target on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $42.10.

MACOM Technology Solutions (NASDAQ:MTSI) opened at $33.53 on Thursday. MACOM Technology Solutions has a 12-month low of $29.73 and a 12-month high of $65.99. The firm has a market capitalization of $2,150.00, a PE ratio of 19.65, a P/E/G ratio of 1.65 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.64 and a current ratio of 4.81.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results 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). MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The business had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $171.80 million. During the same quarter last year, the company posted $0.54 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. analysts predict that MACOM Technology Solutions will post 0.95 EPS for the current fiscal year.

In other MACOM Technology Solutions news, CEO John Croteau sold 2,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.94, for a total transaction of $63,880.00. Following the completion of the sale, the chief executive officer now directly owns 149,219 shares in the company, valued at $4,766,054.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 5,250 shares of company stock valued at $205,225 over the last 90 days. 57.10% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in MTSI. Royce & Associates LP grew its stake in shares of MACOM Technology Solutions by 20.3% in the second quarter. Royce & Associates LP now owns 103,500 shares of the semiconductor company’s stock valued at $5,772,000 after buying an additional 17,500 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at about $293,000. TD Asset Management Inc. grew its stake in shares of MACOM Technology Solutions by 9.2% in the second quarter. TD Asset Management Inc. now owns 11,900 shares of the semiconductor company’s stock valued at $664,000 after buying an additional 1,000 shares in the last quarter. Legal & General Group Plc grew its stake in shares of MACOM Technology Solutions by 30.3% in the second quarter. Legal & General Group Plc now owns 15,044 shares of the semiconductor company’s stock valued at $839,000 after buying an additional 3,498 shares in the last quarter. Finally, AXA grew its stake in shares of MACOM Technology Solutions by 16.7% in the second quarter. AXA now owns 63,000 shares of the semiconductor company’s stock valued at $3,514,000 after buying an additional 9,000 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

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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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