Raymond James Financial, Inc. reiterated their market perform rating on shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in a research note issued to investors on Thursday, Marketbeat.com reports.

Other analysts have also recently issued reports about the stock. Jefferies Group LLC reaffirmed a buy rating and set a $66.00 price objective on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, May 17th. Barclays PLC reaffirmed an overweight rating and set a $63.00 price objective (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the company a buy rating in a research note on Monday, June 26th. BidaskClub raised shares of MACOM Technology Solutions Holdings from a hold rating to a buy rating in a research note on Thursday, July 13th. Finally, Stifel Nicolaus reissued a buy rating and set a $64.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. MACOM Technology Solutions Holdings presently has a consensus rating of Hold and an average target price of $55.50.

MACOM Technology Solutions Holdings (NASDAQ MTSI) opened at 45.36 on Thursday. The firm’s market capitalization is $2.91 billion. The firm has a 50-day moving average price of $44.49 and a 200-day moving average price of $51.04. MACOM Technology Solutions Holdings has a 52 week low of $35.33 and a 52 week high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data 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 the consensus estimate of $194.93 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. MACOM Technology Solutions Holdings’s quarterly revenue was up 36.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. Equities analysts forecast that MACOM Technology Solutions Holdings will post $2.33 EPS for the current year.

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In other MACOM Technology Solutions Holdings news, Director Charles R. Bland sold 1,750 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $55.75, for a total transaction of $97,562.50. Following the completion of the transaction, the director now owns 25,190 shares in the company, valued at $1,404,342.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Croteau sold 2,000 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $55.15, for a total transaction of $110,300.00. Following the transaction, the insider now owns 53,655 shares of the company’s stock, valued at approximately $2,959,073.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,117 shares of company stock valued at $1,755,579. 57.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in MTSI. Ameriprise Financial Inc. boosted its holdings in MACOM Technology Solutions Holdings by 1,136.5% in the second quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock valued at $157,274,000 after acquiring an additional 2,592,080 shares in the last quarter. BlackRock Inc. boosted its holdings in MACOM Technology Solutions Holdings by 108,171.0% in the first quarter. BlackRock Inc. now owns 2,052,819 shares of the semiconductor company’s stock valued at $99,151,000 after acquiring an additional 2,050,923 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in MACOM Technology Solutions Holdings by 603.9% in the second quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock valued at $118,111,000 after acquiring an additional 1,816,972 shares in the last quarter. Vanguard Group Inc. boosted its holdings in MACOM Technology Solutions Holdings by 37.0% in the first quarter. Vanguard Group Inc. now owns 3,174,795 shares of the semiconductor company’s stock valued at $153,343,000 after acquiring an additional 857,449 shares in the last quarter. Finally, Capital Research Global Investors bought a new stake in MACOM Technology Solutions Holdings in the second quarter valued at $42,368,000. Institutional investors and hedge funds own 79.64% 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.

Analyst Recommendations for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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