MACOM Technology Solutions Holdings (MTSI) Receiving Somewhat Favorable Media Coverage, Study Finds
News coverage about MACOM Technology Solutions Holdings (NASDAQ:MTSI) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MACOM Technology Solutions Holdings earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 44.6693997377512 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. : Change in Directors or Principal Officers (form 8-K) (4-traders.com)
- MACOM Sets New Benchmark for GaN Performance and Efficiency with New 500W GaN-on-Si Power Transistor for L-Band Airport Surveillance Radar (ASR) Applications (finance.yahoo.com)
- Analyzing MACOM Technology Solutions Holdings (MTSI) & The Competition (americanbankingnews.com)
- MACOM Technology Solutions Holdings, Inc. (MTSI) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Research focused on the low noise amplifier (LNA) market worth 3.00 billion USD by 2023 (whatech.com)
MTSI has been the topic of a number of research analyst reports. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, June 26th. BidaskClub lowered shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Barclays PLC reissued an “overweight” rating and issued a $70.00 price target (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and issued a $64.00 price target on shares of MACOM Technology Solutions Holdings in a report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $58.20.
MACOM Technology Solutions Holdings (NASDAQ MTSI) opened at 42.85 on Wednesday. The company’s 50 day moving average is $43.51 and its 200 day moving average is $50.79. MACOM Technology Solutions Holdings has a 12-month low of $35.33 and a 12-month high of $65.99. The company’s market cap is $2.75 billion.
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 the Zacks’ consensus estimate of $0.68 by ($0.01). The business 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%. MACOM Technology Solutions Holdings’s revenue for the quarter was up 36.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. Analysts forecast that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current fiscal year.
In other MACOM Technology Solutions Holdings news, SVP Donghyun Thomas Hwang sold 4,401 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $63.50, for a total transaction of $279,463.50. Following the transaction, the senior vice president now owns 19,018 shares in the company, valued at $1,207,643. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Croteau sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $60.76, for a total transaction of $121,520.00. Following the transaction, the insider now owns 51,200 shares in the company, valued at approximately $3,110,912. The disclosure for this sale can be found here. Insiders have sold 23,892 shares of company stock worth $1,418,593 in the last quarter. Company insiders own 57.10% 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.
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