MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by research analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a report issued on Thursday, The Fly reports.

Several other analysts also recently weighed in on MTSI. BidaskClub raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Craig Hallum downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating and cut their target price for the company from $23.00 to $19.00 in a research note on Wednesday, February 6th. Needham & Company LLC cut their target price on MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, February 6th. ValuEngine downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Finally, Zacks Investment Research downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research note on Monday, February 11th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.57.

NASDAQ:MTSI traded up $0.27 during midday trading on Thursday, reaching $14.62. 86,236 shares of the company traded hands, compared to its average volume of 716,976. MACOM Technology Solutions has a twelve month low of $12.33 and a twelve month high of $25.92. The firm has a market capitalization of $913.24 million, a P/E ratio of 102.86 and a beta of 2.22. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.01 and a quick ratio of 3.66.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.09. The business had revenue of $128.47 million during the quarter, compared to analyst estimates of $121.06 million. MACOM Technology Solutions had a negative return on equity of 1.98% and a negative net margin of 30.19%. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. Research analysts anticipate that MACOM Technology Solutions will post -0.51 EPS for the current fiscal year.

In other news, SVP Vivek Rajgarhia sold 3,949 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $17.95, for a total value of $70,884.55. Following the sale, the senior vice president now owns 91,217 shares of the company’s stock, valued at approximately $1,637,345.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 6,492 shares of company stock worth $118,302 in the last three months. Company insiders own 32.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its stake in MACOM Technology Solutions by 12.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 11,534 shares of the semiconductor company’s stock valued at $193,000 after purchasing an additional 1,312 shares in the last quarter. SEI Investments Co grew its stake in MACOM Technology Solutions by 327.5% in the first quarter. SEI Investments Co now owns 220,427 shares of the semiconductor company’s stock valued at $3,684,000 after purchasing an additional 168,870 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in MACOM Technology Solutions by 7.7% in the first quarter. Goldman Sachs Group Inc. now owns 141,962 shares of the semiconductor company’s stock valued at $2,372,000 after purchasing an additional 10,180 shares in the last quarter. Geode Capital Management LLC grew its stake in MACOM Technology Solutions by 9.4% in the first quarter. Geode Capital Management LLC now owns 551,751 shares of the semiconductor company’s stock valued at $9,219,000 after purchasing an additional 47,308 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in MACOM Technology Solutions by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 258,369 shares of the semiconductor company’s stock valued at $4,318,000 after purchasing an additional 12,279 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

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Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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