Favorable News Coverage Somewhat Unlikely to Impact MACOM Technology Solutions (MTSI) Stock Price

News articles about MACOM Technology Solutions (NASDAQ:MTSI) have trended positive on Monday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MACOM Technology Solutions earned a news sentiment score of 0.32 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.0025275735813 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment’s analysis:

Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Jefferies Group set a $61.00 price target on shares of MACOM Technology Solutions and gave the company a “buy” rating in a research report on Wednesday, October 18th. reduced their price target on shares of MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. JPMorgan Chase & Co. reduced their price target on shares of MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. Finally, reduced their price target on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. MACOM Technology Solutions has an average rating of “Hold” and an average target price of $43.00.

Shares of MACOM Technology Solutions (NASDAQ:MTSI) opened at $30.51 on Monday. MACOM Technology Solutions has a fifty-two week low of $29.73 and a fifty-two week high of $65.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64. The stock has a market cap of $1,960.00, a P/E ratio of -12.35, a P/E/G ratio of 1.33 and a beta of 1.14.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) 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 company had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $171.80 million. During the same quarter in the prior year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. analysts expect that MACOM Technology Solutions will post 1.04 EPS for the current fiscal year.

In related news, CEO John Croteau sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.94, for a total value of $63,880.00. Following the sale, the chief executive officer now owns 149,219 shares in the company, valued at $4,766,054.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 4,500 shares of company stock worth $150,968 in the last 90 days. 32.20% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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