Investment Analysts’ Weekly Ratings Changes for MACOM Technology Solutions Holdings (MTSI)

MACOM Technology Solutions Holdings (NASDAQ: MTSI) has recently received a number of price target changes and ratings updates:

  • 10/19/2017 – MACOM Technology Solutions Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. 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. “
  • 10/18/2017 – MACOM Technology Solutions Holdings was given a new $61.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 10/18/2017 – MACOM Technology Solutions Holdings had its price target lowered by analysts at Barclays PLC from $63.00 to $50.00. They now have an “overweight” rating on the stock.
  • 10/17/2017 – MACOM Technology Solutions Holdings had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $45.00 price target on the stock, down previously from $56.00. They wrote, “MTSI shares traded down 12% yesterday on a competitor’s downgrade. Having reviewed the points raised in the downgrade, we see many common themes that have been key tenants of the bear case on MACOM for the past several quarters but we don’t see a lot of new news. The bear themes include weakness in China telecom spending, questions around the prices paid for and accretion from recent acquisitions, a lack of consistent strong cash flow and timing uncertainty around the ramp of 100G single-lambda PAM4 solutions. While our competitor redeuced December quarter estimates to be flat Q/Q (in-line with Street), we agree the consensus CY18 revenue ramp now looks aggressive. Accordingly, we are reducing our CY18 estimates.””
  • 10/16/2017 – MACOM Technology Solutions Holdings is now covered by analysts at DA Davidson. They set a “neutral” rating and a $45.00 price target on the stock.
  • 10/16/2017 – MACOM Technology Solutions Holdings was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $43.00 price target on the stock, down previously from $57.00.
  • 10/4/2017 – MACOM Technology Solutions Holdings was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. 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. “
  • 10/3/2017 – MACOM Technology Solutions Holdings had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $54.00 price target on the stock.
  • 9/14/2017 – MACOM Technology Solutions Holdings had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 9/5/2017 – MACOM Technology Solutions Holdings had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $56.00 price target on the stock.

MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) traded up 1.62% during trading on Tuesday, reaching $40.69. 114,187 shares of the company traded hands. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $35.33 and a 12-month high of $65.99. The firm’s market capitalization is $2.61 billion. The firm’s 50 day moving average price is $41.90 and its 200 day moving average price is $49.81.

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

In other MACOM Technology Solutions Holdings news, insider John Croteau sold 2,000 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoffrey G. Ribar purchased 5,000 shares of the company’s stock in a transaction on Monday, August 28th. The shares were purchased at an average cost of $43.37 per share, with a total value of $216,850.00. Following the transaction, the director now directly owns 11,063 shares in the company, valued at $479,802.31. The disclosure for this purchase can be found here. Insiders have sold a total of 5,500 shares of company stock valued at $249,715 in the last three months. 57.10% of the stock is currently owned by corporate insiders.

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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