MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) had its price target reduced by Needham & Company LLC from $45.00 to $42.00 in a report issued on Wednesday. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 27.85% from the company’s previous close.

Several other equities research analysts have also recently commented on MTSI. DA Davidson dropped their target price on shares of MACOM Technology Solutions Holdings to $32.00 and set a “neutral” rating for the company in a research report on Wednesday. Bank of America Corporation cut shares of MACOM Technology Solutions Holdings from a “neutral” rating to an “underperform” rating in a research report on Wednesday. Jefferies Group LLC set a $61.00 price target on shares of MACOM Technology Solutions Holdings and gave the company a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Finally, Barclays PLC lowered their price target on shares of MACOM Technology Solutions Holdings from $63.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $42.10.

Shares of MACOM Technology Solutions Holdings (MTSI) traded up $1.32 on Wednesday, reaching $32.85. 1,609,573 shares of the company’s stock traded hands, compared to its average volume of 807,848. The stock has a market cap of $2,030.00, a PE ratio of 21.53, a P/E/G ratio of 0.98 and a beta of 1.40. The company has a quick ratio of 4.42, a current ratio of 5.61 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions Holdings has a fifty-two week low of $29.73 and a fifty-two week high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $166.40 million for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. analysts predict that MACOM Technology Solutions Holdings will post 1.87 earnings per share for the current fiscal year.

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In other news, insider John Croteau sold 2,000 shares of the business’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 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 Securities & Exchange Commission, which is available through this link. Also, Director Geoffrey G. Ribar bought 5,000 shares of the stock in a transaction dated Monday, August 28th. The stock was bought at an average cost of $43.37 per share, for a total transaction of $216,850.00. Following the acquisition, the director now directly owns 11,063 shares of the company’s stock, valued at approximately $479,802.31. The disclosure for this purchase can be found here. Insiders have sold 5,500 shares of company stock valued at $247,340 over the last 90 days. 42.30% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in MACOM Technology Solutions Holdings by 122.6% in the third quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock worth $280,034,000 after purchasing an additional 3,457,245 shares during the last quarter. BlackRock Inc. increased its position in MACOM Technology Solutions Holdings by 108,171.0% during 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 during the last quarter. Frontier Capital Management Co. LLC increased its position in MACOM Technology Solutions Holdings by 603.9% during 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 during the last quarter. Vanguard Group Inc. increased its position in MACOM Technology Solutions Holdings by 37.0% during 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 during the last quarter. Finally, Bamco Inc. NY increased its position in MACOM Technology Solutions Holdings by 528.8% during the third quarter. Bamco Inc. NY now owns 940,121 shares of the semiconductor company’s stock valued at $41,939,000 after acquiring an additional 790,621 shares during the last quarter. 87.91% of the stock is currently owned by hedge funds and other institutional investors.

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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