BidaskClub upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a hold rating to a buy rating in a report published on Friday, BidAskClub reports.

A number of other equities research analysts have also commented on the company. Zacks Investment Research upgraded MACOM Technology Solutions from a hold rating to a buy rating and set a $21.00 price target on the stock in a research report on Tuesday, August 20th. Needham & Company LLC restated a buy rating and set a $17.00 price target (down from $20.00) on shares of MACOM Technology Solutions in a research report on Wednesday, June 19th. Stifel Nicolaus upgraded MACOM Technology Solutions from a sell rating to a hold rating in a research report on Thursday, May 16th. Piper Jaffray Companies upgraded MACOM Technology Solutions from a neutral rating to an overweight rating and increased their price target for the stock from $14.00 to $21.00 in a research report on Wednesday, July 17th. Finally, Northland Securities restated a buy rating and set a $22.50 price target on shares of MACOM Technology Solutions in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. MACOM Technology Solutions has an average rating of Hold and a consensus price target of $18.12.

NASDAQ MTSI opened at $23.12 on Friday. The firm has a market cap of $1.53 billion, a PE ratio of 165.14 and a beta of 1.87. MACOM Technology Solutions has a one year low of $12.33 and a one year high of $23.64. The stock’s 50 day simple moving average is $20.17 and its 200 day simple moving average is $17.10. The company has a debt-to-equity ratio of 2.29, a current ratio of 4.37 and a quick ratio of 3.20.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported ($0.42) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.55) by $0.13. The business had revenue of $108.30 million for the quarter, compared to analyst estimates of $108.20 million. MACOM Technology Solutions had a negative return on equity of 7.79% and a negative net margin of 76.27%. MACOM Technology Solutions’s revenue for the quarter was down 21.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. As a group, equities analysts expect that MACOM Technology Solutions will post -0.76 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in MTSI. Polar Asset Management Partners Inc. bought a new position in MACOM Technology Solutions in the 2nd quarter valued at $19,853,000. D. E. Shaw & Co. Inc. boosted its position in MACOM Technology Solutions by 72.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,665,287 shares of the semiconductor company’s stock valued at $40,326,000 after buying an additional 1,118,360 shares during the last quarter. Schroder Investment Management Group bought a new position in MACOM Technology Solutions in the 2nd quarter valued at $8,843,000. AXA bought a new position in MACOM Technology Solutions in the 2nd quarter valued at $4,842,000. Finally, Nuveen Asset Management LLC bought a new position in MACOM Technology Solutions in the 2nd quarter valued at $2,998,000. Hedge funds and other institutional investors own 73.52% of the company’s stock.

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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