MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) had its target price trimmed by DA Davidson to $32.00 in a research note released on Wednesday morning, The Fly reports. The firm currently has a neutral rating on the semiconductor company’s stock. DA Davidson also issued estimates for MACOM Technology Solutions Holdings’ Q4 2019 earnings at $0.47 EPS.

MTSI has been the subject of several other research reports. Bank of America Corporation cut shares of MACOM Technology Solutions Holdings from a neutral rating to an underperform rating in a research note on Wednesday. Craig Hallum reaffirmed a buy rating and set a $54.00 price objective on shares of MACOM Technology Solutions Holdings in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of MACOM Technology Solutions Holdings from a hold rating to a strong sell rating in a research note on Thursday, October 19th. BidaskClub cut shares of MACOM Technology Solutions Holdings from a buy rating to a hold rating in a research note on Monday, July 31st. Finally, Barclays PLC reaffirmed an overweight rating and set a $63.00 price objective (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. 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.

Shares of MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded up $1.31 during midday trading on Wednesday, reaching $32.85. 1,590,969 shares of the company traded hands, compared to its average volume of 807,848. MACOM Technology Solutions Holdings has a one year low of $29.73 and a one year high of $65.99. The stock has a market cap of $2,030.00, a PE ratio of 21.53, a PEG ratio of 0.98 and a beta of 1.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 4.42 and a current ratio of 5.61.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 24.26% and a positive return on equity of 15.58%. The business had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $171.80 million. During the same period in the prior year, the company posted $0.54 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. research analysts anticipate that MACOM Technology Solutions Holdings will post 1.87 earnings per share for the current fiscal year.

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In other news, Director Geoffrey G. Ribar purchased 5,000 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was acquired at an average price of $43.37 per share, with a total value of $216,850.00. Following the purchase, the director now directly owns 11,063 shares in the company, valued at approximately $479,802.31. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Croteau sold 2,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $45.68, for a total transaction of $91,360.00. Following the completion of the sale, the insider now directly owns 48,855 shares of the company’s stock, valued at approximately $2,231,696.40. The disclosure for this sale can be found here. In the last three months, insiders sold 5,500 shares of company stock valued at $247,340. Corporate insiders own 42.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in shares of MACOM Technology Solutions Holdings by 122.6% during the 3rd 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 period. BlackRock Inc. boosted its position in shares of MACOM Technology Solutions Holdings by 108,171.0% during the 1st quarter. BlackRock Inc. now owns 2,052,819 shares of the semiconductor company’s stock worth $99,151,000 after purchasing an additional 2,050,923 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of MACOM Technology Solutions Holdings by 603.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock worth $118,111,000 after purchasing an additional 1,816,972 shares during the period. Vanguard Group Inc. boosted its position in shares of MACOM Technology Solutions Holdings by 37.0% during the 1st quarter. Vanguard Group Inc. now owns 3,174,795 shares of the semiconductor company’s stock worth $153,343,000 after purchasing an additional 857,449 shares during the period. Finally, Bamco Inc. NY boosted its position in shares of MACOM Technology Solutions Holdings by 528.8% during the 3rd quarter. Bamco Inc. NY now owns 940,121 shares of the semiconductor company’s stock worth $41,939,000 after purchasing an additional 790,621 shares during the period. 87.91% of the stock is owned by institutional investors and hedge funds.

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.

The Fly

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

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