MACOM Technology Solutions (MTSI) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a hold rating to a buy rating in a report released on Thursday morning.

A number of other research analysts have also recently weighed in on the company. ValuEngine upgraded MACOM Technology Solutions from a hold rating to a buy rating in a report on Monday, December 11th. Barclays reduced their target price on MACOM Technology Solutions from $50.00 to $40.00 and set an overweight rating on the stock in a report on Wednesday, November 15th. 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 report on Wednesday, November 15th. reduced their target price on MACOM Technology Solutions from $43.00 to $35.00 and set a hold rating on the stock in a report on Wednesday, November 15th. Finally, reduced their target price on MACOM Technology Solutions from $43.00 to $35.00 and set a hold rating on the stock in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $42.10.

Shares of MACOM Technology Solutions (MTSI) traded down $0.05 during trading hours on Thursday, hitting $33.52. The stock had a trading volume of 412,400 shares, compared to its average volume of 817,068. The stock has a market capitalization of $2,154.76, a P/E ratio of -11.29, 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 has a twelve month low of $29.73 and a twelve month high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The business had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. MACOM Technology Solutions’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. research analysts forecast that MACOM Technology Solutions will post 0.95 earnings per share for the current year.

In other MACOM Technology Solutions news, CEO John Croteau sold 2,000 shares of the business’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 transaction, the chief executive officer now owns 149,219 shares in the company, valued at $4,766,054.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 5,250 shares of company stock worth $205,225. 42.30% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in shares of MACOM Technology Solutions in the second quarter worth about $105,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MACOM Technology Solutions by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after acquiring an additional 199 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of MACOM Technology Solutions by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 143 shares in the last quarter. BT Investment Management Ltd acquired a new position in shares of MACOM Technology Solutions in the second quarter worth about $162,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of MACOM Technology Solutions by 32.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock worth $199,000 after acquiring an additional 864 shares in the last quarter. Institutional investors and hedge funds 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.

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