A number of research firms have changed their ratings and price targets for MACOM Technology Solutions Holdings (NASDAQ: MTSI):

  • 10/16/2017 – MACOM Technology Solutions Holdings was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $43.00 price target on the stock, down previously from $57.00.
  • 10/16/2017 – MACOM Technology Solutions Holdings is now covered by analysts at DA Davidson. They set a “neutral” rating on the stock.
  • 10/4/2017 – MACOM Technology Solutions Holdings was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” 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. “
  • 10/3/2017 – MACOM Technology Solutions Holdings had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $54.00 price target on the stock.
  • 9/14/2017 – MACOM Technology Solutions Holdings had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 9/5/2017 – 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.

Shares of MACOM Technology Solutions Holdings, Inc. (MTSI) opened at 36.585 on Tuesday. The firm’s 50-day moving average is $43.59 and its 200-day moving average is $50.72. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $35.33 and a 1-year high of $65.99. The company’s market capitalization is $2.35 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings results 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). MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The business had revenue of $194.56 million during the quarter, compared to analyst estimates of $194.93 million. During the same quarter last year, the company posted $0.51 EPS. MACOM Technology Solutions Holdings’s quarterly revenue was up 36.7% compared to the same quarter last year. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current fiscal year.

In other news, Director Charles R. Bland sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $60.73, for a total transaction of $45,547.50. Following the sale, the director now owns 24,390 shares of the company’s stock, valued at approximately $1,481,204.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,401 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $63.50, for a total transaction of $279,463.50. Following the sale, the senior vice president now directly owns 19,018 shares in the company, valued at approximately $1,207,643. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,892 shares of company stock worth $1,418,593. 57.10% of the stock is owned by corporate insiders.

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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