MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other analysts also recently issued reports on the company. Barclays dropped their price target on MACOM Technology Solutions from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. J P Morgan Chase & Co dropped their price target on MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. dropped their price target on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. dropped their price target on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. Finally, dropped their price target on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.10.

Shares of MACOM Technology Solutions (NASDAQ:MTSI) traded down $0.50 on Monday, hitting $31.76. The stock had a trading volume of 670,913 shares, compared to its average volume of 822,763. The company has a market cap of $2,040.00, a P/E ratio of 18.98, a PEG ratio of 1.59 and a beta of 1.31. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions has a 12-month low of $29.73 and a 12-month high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The business had revenue of $166.40 million for the quarter, compared to the consensus estimate of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. equities research analysts expect that MACOM Technology Solutions will post 0.95 EPS for the current year.

In related news, CEO John Croteau sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $31.94, for a total value of $63,880.00. Following the completion of the sale, the chief executive officer now owns 149,219 shares in the company, valued at approximately $4,766,054.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 5,250 shares of company stock valued at $205,225 in the last 90 days. 57.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in MTSI. Teachers Advisors LLC increased its stake in MACOM Technology Solutions by 52.4% in the 1st quarter. Teachers Advisors LLC now owns 57,962 shares of the semiconductor company’s stock worth $2,800,000 after purchasing an additional 19,934 shares during the period. Strs Ohio purchased a new position in MACOM Technology Solutions in the 2nd quarter worth approximately $105,000. Sei Investments Co. increased its stake in MACOM Technology Solutions by 11.4% in the 2nd quarter. Sei Investments Co. now owns 12,258 shares of the semiconductor company’s stock worth $684,000 after purchasing an additional 1,257 shares during the period. TD Asset Management Inc. increased its stake in MACOM Technology Solutions by 9.2% in the 2nd quarter. TD Asset Management Inc. now owns 11,900 shares of the semiconductor company’s stock worth $664,000 after purchasing an additional 1,000 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in MACOM Technology Solutions by 10.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,891 shares of the semiconductor company’s stock worth $8,862,000 after purchasing an additional 15,348 shares during the period. 88.18% of the stock is currently owned by institutional investors and hedge funds.

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MACOM Technology Solutions 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.

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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