MACOM Technology Solutions Holdings, Inc. (MTSI) Downgraded to Hold at Stifel Nicolaus

Stifel Nicolaus cut shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) from a buy rating to a hold rating in a research report report published on Monday morning. The firm currently has $43.00 price objective on the semiconductor company’s stock, down from their prior price objective of $57.00.

MTSI has been the topic of a number of other reports. Zacks Investment Research upgraded shares of MACOM Technology Solutions Holdings from a strong sell rating to a hold rating in a report on Wednesday, October 4th. Craig Hallum restated a buy rating and issued a $54.00 target price on shares of MACOM Technology Solutions Holdings in a report on Tuesday, October 3rd. Raymond James Financial, Inc. restated a market perform rating on shares of MACOM Technology Solutions Holdings in a report on Thursday, September 14th. Needham & Company LLC restated a buy rating and issued a $56.00 target price on shares of MACOM Technology Solutions Holdings in a report on Tuesday, September 5th. Finally, Barclays PLC restated an overweight rating and issued a $63.00 target price (down from $70.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $53.67.

Shares of MACOM Technology Solutions Holdings (NASDAQ:MTSI) opened at 36.585 on Monday. The firm’s market capitalization is $2.35 billion. The stock has a 50 day moving average of $43.59 and a 200-day moving average of $50.72. MACOM Technology Solutions Holdings has a 12 month low of $35.33 and a 12 month high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The business had revenue of $194.56 million during the quarter, compared to analysts’ expectations of $194.93 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. MACOM Technology Solutions Holdings’s quarterly revenue was up 36.7% on a year-over-year basis. On average, equities research analysts anticipate that MACOM Technology Solutions Holdings will post $2.33 EPS for the current fiscal year.

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In other news, SVP Donghyun Thomas Hwang sold 11,241 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $64.26, for a total transaction of $722,346.66. Following the completion of the transaction, the senior vice president now owns 19,018 shares of the company’s stock, valued at approximately $1,222,096.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $45.20, for a total transaction of $90,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,892 shares of company stock worth $1,418,593. 57.10% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MTSI. Strs Ohio acquired a new position in shares of MACOM Technology Solutions Holdings during the 2nd quarter valued at about $105,000. Oppenheimer Asset Management Inc. acquired a new position in shares of MACOM Technology Solutions Holdings during the 1st quarter valued at about $116,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MACOM Technology Solutions Holdings by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 199 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of MACOM Technology Solutions Holdings by 7.9% during the 1st quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 189 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of MACOM Technology Solutions Holdings by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 143 shares during the last quarter. 79.33% of the stock is owned by institutional investors.

About MACOM Technology Solutions Holdings

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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