Several brokerages have updated their recommendations and price targets on shares of MACOM Technology Solutions Holdings (NASDAQ: MTSI) in the last few weeks:

  • 8/8/2017 – 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. “
  • 8/2/2017 – 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, down previously from $65.00.
  • 8/2/2017 – MACOM Technology Solutions Holdings had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $61.00 price target on the stock, down previously from $66.00.
  • 8/2/2017 – MACOM Technology Solutions Holdings had its price target lowered by analysts at Stifel Nicolaus from $64.00 to $57.00. They now have a “buy” rating on the stock.
  • 8/2/2017 – MACOM Technology Solutions Holdings had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $63.00 price target on the stock, down previously from $70.00.
  • 7/31/2017 – MACOM Technology Solutions Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/14/2017 – MACOM Technology Solutions Holdings had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $64.00 price target on the stock.
  • 7/13/2017 – MACOM Technology Solutions Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/12/2017 – MACOM Technology Solutions Holdings had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $70.00 price target on the stock, up previously from $60.00.
  • 6/30/2017 – MACOM Technology Solutions Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/26/2017 – MACOM Technology Solutions Holdings had its price target raised by analysts at Needham & Company LLC from $60.00 to $65.00. They now have a “buy” rating on the stock.

MACOM Technology Solutions Holdings, Inc. (MTSI) opened at 42.88 on Thursday. The firm has a 50-day moving average of $56.74 and a 200-day moving average of $51.93. The company’s market capitalization is $2.75 billion. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $35.33 and a 52 week high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $194.56 million during 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%. MACOM Technology Solutions Holdings’s revenue was up 36.7% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. Analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current fiscal year.

In other news, SVP Robert Dennehy sold 17,055 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $56.13, for a total value of $957,297.15. Following the sale, the senior vice president now directly owns 51,197 shares of the company’s stock, valued at approximately $2,873,687.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Mcmullan sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $56.24, for a total transaction of $1,687,200.00. Following the completion of the sale, the chief financial officer now directly owns 64,506 shares in the company, valued at $3,627,817.44. The disclosure for this sale can be found here. Insiders sold a total of 495,205 shares of company stock worth $28,724,537 over the last three months. Insiders own 42.30% of the company’s stock.

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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