MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)’s share price traded up 5% during trading on Friday . The company traded as high as $32.63 and last traded at $31.53. 2,693,200 shares traded hands during mid-day trading, an increase of 235% from the average session volume of 804,237 shares. The stock had previously closed at $30.02.

A number of equities analysts have recently issued reports on the stock. Bank of America Corporation lowered shares of MACOM Technology Solutions Holdings from a “neutral” rating to an “underperform” rating in a research report on Wednesday. reduced their target price on shares of MACOM Technology Solutions Holdings from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday. Barclays PLC reiterated an “overweight” rating and set a $63.00 target price (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Stifel Nicolaus reduced their target price on shares of MACOM Technology Solutions Holdings from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, reduced their target price on shares of MACOM Technology Solutions Holdings from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.10.

The company has a debt-to-equity ratio of 0.87, a quick ratio of 4.42 and a current ratio of 5.61. The company has a market cap of $1,928.30, a P/E ratio of 17.66, a P/E/G ratio of 0.80 and a beta of 1.40.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. MACOM Technology Solutions Holdings had a negative net margin of 24.26% and a positive return on equity of 15.58%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.87 EPS for the current year.

In related news, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $45.68, for a total value of $91,360.00. Following the completion of the transaction, the insider now owns 48,855 shares of the company’s stock, valued at $2,231,696.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Geoffrey G. Ribar bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was acquired at an average cost of $43.37 per share, with a total value of $216,850.00. Following the transaction, the director now owns 11,063 shares of the company’s stock, valued at approximately $479,802.31. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 5,500 shares of company stock valued at $247,340. 42.30% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in MACOM Technology Solutions Holdings during the second quarter worth about $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MACOM Technology Solutions Holdings by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after purchasing an additional 199 shares in the last quarter. Advisor Group Inc. increased its stake in MACOM Technology Solutions Holdings by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 143 shares in the last quarter. BT Investment Management Ltd bought a new stake in MACOM Technology Solutions Holdings during the 2nd quarter valued at $162,000. Finally, Peddock Capital Advisors LLC increased its stake in MACOM Technology Solutions Holdings by 1,797.5% during the 2nd quarter. Peddock Capital Advisors LLC now owns 3,093 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 2,930 shares in the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.

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MACOM Technology Solutions Holdings 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.

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