MACOM Technology Solutions Holdings (MTSI) Receiving Somewhat Favorable Press Coverage, Report Finds

Press coverage about MACOM Technology Solutions Holdings (NASDAQ:MTSI) has been trending somewhat positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MACOM Technology Solutions Holdings earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.8739353631957 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Shares of MACOM Technology Solutions Holdings (MTSI) traded up 3.62% during midday trading on Friday, hitting $40.10. 503,210 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $41.96 and its 200 day moving average price is $49.90. MACOM Technology Solutions Holdings has a one year low of $35.33 and a one year high of $65.99. The firm’s market cap is $2.58 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The company had revenue of $194.56 million for the quarter, compared to analyst estimates of $194.93 million. During the same period in the prior year, the company earned $0.51 EPS. The company’s revenue was up 36.7% compared to the same quarter last year. Equities research analysts forecast that MACOM Technology Solutions Holdings will post $2.33 EPS for the current year.

Several equities research analysts recently issued reports on MTSI shares. Zacks Investment Research cut shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. BidaskClub cut shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Barclays PLC cut their price objective on shares of MACOM Technology Solutions Holdings from $63.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Jefferies Group LLC set a $61.00 price objective on shares of MACOM Technology Solutions Holdings and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of MACOM Technology Solutions Holdings in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. MACOM Technology Solutions Holdings presently has an average rating of “Hold” and a consensus price target of $49.67.

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In other news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.76, for a total transaction of $121,520.00. Following the completion of the transaction, the insider now owns 51,200 shares of the company’s stock, valued at approximately $3,110,912. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Geoffrey G. Ribar acquired 5,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were bought at an average cost of $43.37 per share, with a total value of $216,850.00. Following the purchase, the director now owns 11,063 shares in the company, valued at $479,802.31. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 8,250 shares of company stock valued at $416,783. Corporate insiders own 42.30% of the company’s stock.

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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