Zacks Investment Research upgraded shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $55.00 price target on the semiconductor company’s stock.
According to Zacks, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts. “
Other analysts have also issued reports about the company. Jefferies Group LLC reaffirmed a buy rating and issued a $55.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Monday, March 20th. Needham & Company LLC lifted their price target on MACOM Technology Solutions Holdings from $49.00 to $54.00 and gave the stock a buy rating in a research note on Wednesday, February 1st. Finally, Barclays PLC reaffirmed a buy rating and issued a $52.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Friday, January 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. MACOM Technology Solutions Holdings has a consensus rating of Buy and a consensus price target of $50.71.
Shares of MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded down 0.164% on Wednesday, hitting $51.725. The company had a trading volume of 216,873 shares. MACOM Technology Solutions Holdings has a 52 week low of $29.56 and a 52 week high of $53.80. The stock’s 50-day moving average is $47.77 and its 200 day moving average is $45.73. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 172.417 and a beta of 1.52.
MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, January 31st. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. The firm had revenue of $151.80 million for the quarter, compared to analyst estimates of $152.01 million. MACOM Technology Solutions Holdings had a return on equity of 19.84% and a net margin of 2.76%. The business’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Equities analysts expect that MACOM Technology Solutions Holdings will post $2.64 EPS for the current year.
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In other MACOM Technology Solutions Holdings news, SVP Preetinder S. Virk sold 793 shares of MACOM Technology Solutions Holdings stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $46.29, for a total value of $36,707.97. Following the sale, the senior vice president now owns 43,433 shares in the company, valued at $2,010,513.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Croteau sold 102,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $50.15, for a total value of $5,115,300.00. Following the completion of the sale, the insider now owns 196,473 shares in the company, valued at approximately $9,853,120.95. The disclosure for this sale can be found here. Insiders have sold 162,461 shares of company stock worth $8,151,201 in the last three months. 57.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of MTSI. FMR LLC increased its stake in MACOM Technology Solutions Holdings by 182.8% in the fourth quarter. FMR LLC now owns 818,493 shares of the semiconductor company’s stock worth $37,880,000 after buying an additional 529,110 shares in the last quarter. Silvercrest Asset Management Group LLC increased its stake in MACOM Technology Solutions Holdings by 17.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,846,055 shares of the semiconductor company’s stock worth $85,435,000 after buying an additional 270,603 shares in the last quarter. Peregrine Capital Management LLC purchased a new stake in MACOM Technology Solutions Holdings during the first quarter valued at about $11,948,000. Renaissance Technologies LLC increased its stake in MACOM Technology Solutions Holdings by 2,006.7% in the fourth quarter. Renaissance Technologies LLC now owns 221,200 shares of the semiconductor company’s stock valued at $10,237,000 after buying an additional 210,700 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in MACOM Technology Solutions Holdings during the fourth quarter valued at about $9,356,000. Institutional investors own 61.02% of the company’s stock.
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.
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