MACOM Technology Solutions Holdings, Inc. (MTSI) Rating Reiterated by Raymond James Financial, Inc.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)‘s stock had its “market perform” rating restated by equities research analysts at Raymond James Financial, Inc. in a research note issued to investors on Thursday.

Several other equities research analysts also recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $56.00 target price on shares of MACOM Technology Solutions Holdings in a research report on Tuesday, September 5th. Zacks Investment Research downgraded shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Barclays PLC reissued an “overweight” rating and set a $63.00 target price (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and set a $61.00 target price (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus decreased their target price on shares of MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $55.50.

MACOM Technology Solutions Holdings (MTSI) opened at 45.36 on Thursday. The stock’s 50 day moving average is $44.49 and its 200-day moving average is $51.04. The firm’s market capitalization is $2.91 billion. MACOM Technology Solutions Holdings has a 1-year low of $35.33 and a 1-year high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The business had revenue of $194.56 million for the quarter, compared to the consensus estimate of $194.93 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The company’s revenue was up 36.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. Analysts forecast that MACOM Technology Solutions Holdings will post $2.33 EPS for the current year.

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In other MACOM Technology Solutions Holdings news, Director Charles R. Bland sold 750 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.73, for a total value of $45,547.50. Following the completion of the sale, the director now directly owns 24,390 shares of the company’s stock, valued at approximately $1,481,204.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $45.68, for a total transaction of $91,360.00. Following the completion of the sale, the insider now directly owns 48,855 shares of the company’s stock, valued at $2,231,696.40. The disclosure for this sale can be found here. Insiders sold a total of 29,117 shares of company stock valued at $1,755,579 over the last ninety days. 42.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. boosted its stake in MACOM Technology Solutions Holdings 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 during the last quarter. Fifth Third Bancorp boosted its stake in MACOM Technology Solutions Holdings by 7.9% in the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 189 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MACOM Technology Solutions Holdings 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 during the last quarter. US Bancorp DE boosted its stake in MACOM Technology Solutions Holdings by 6.6% in the first quarter. US Bancorp DE now owns 6,479 shares of the semiconductor company’s stock valued at $312,000 after acquiring an additional 402 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in MACOM Technology Solutions Holdings by 4.5% in the first quarter. Sei Investments Co. now owns 11,001 shares of the semiconductor company’s stock valued at $531,000 after acquiring an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 79.85% of the company’s stock.

About MACOM Technology Solutions Holdings

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 Holdings (NASDAQ:MTSI)

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