ValuEngine upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a hold rating to a buy rating in a report published on Sunday morning.

Several other equities analysts have also weighed in on the stock. Needham & Company LLC reissued a buy rating and issued a $56.00 price objective on shares of MACOM Technology Solutions in a research report on Tuesday, September 5th. Zacks Investment Research lowered shares of MACOM Technology Solutions from a hold rating to a strong sell rating in a research report on Thursday, October 19th. Barclays dropped their price objective on shares of MACOM Technology Solutions from $63.00 to $50.00 and set an overweight rating on the stock in a research report on Wednesday, October 18th. Stifel Nicolaus lowered shares of MACOM Technology Solutions from a buy rating to a hold rating and dropped their price objective for the company from $57.00 to $43.00 in a research report on Monday, October 16th. Finally, Craig Hallum reissued a buy rating and issued a $54.00 price objective on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $42.10.

MACOM Technology Solutions (MTSI) traded down $0.22 during midday trading on Friday, reaching $32.54. 449,300 shares of the company’s stock traded hands, compared to its average volume of 812,243. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64. MACOM Technology Solutions has a 1 year low of $29.73 and a 1 year high of $65.99. The company has a market capitalization of $2,091.14, a price-to-earnings ratio of -10.96, a P/E/G ratio of 1.61 and a beta of 1.32.

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

In related news, CEO John Croteau sold 2,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $31.94, for a total value of $63,880.00. Following the transaction, the chief executive officer now directly owns 149,219 shares in the company, valued at $4,766,054.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 3,000 shares of company stock worth $103,565 over the last 90 days. 57.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its stake in shares of MACOM Technology Solutions by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 143 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MACOM Technology Solutions by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 199 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of MACOM Technology Solutions by 6.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,799 shares of the semiconductor company’s stock valued at $435,000 after acquiring an additional 503 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of MACOM Technology Solutions by 3.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 26,938 shares of the semiconductor company’s stock valued at $1,502,000 after acquiring an additional 819 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of MACOM Technology Solutions by 32.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock valued at $199,000 after acquiring an additional 864 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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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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