MACOM Technology Solutions Holdings, Inc. (MTSI) Receives $55.60 Average Target Price from Brokerages

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has earned an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $55.60.

Several research firms recently commented on MTSI. Barclays PLC reaffirmed an “overweight” rating and set a $63.00 target price (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Needham & Company LLC raised their target price on MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, June 26th. BidaskClub raised MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Stifel Nicolaus decreased their target price on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th.

COPYRIGHT VIOLATION NOTICE: “MACOM Technology Solutions Holdings, Inc. (MTSI) Receives $55.60 Average Target Price from Brokerages” was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.chaffeybreeze.com/2017/09/16/macom-technology-solutions-holdings-inc-mtsi-receives-55-60-average-target-price-from-brokerages.html.

In other MACOM Technology Solutions Holdings news, insider John Croteau sold 2,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $55.15, for a total value of $110,300.00. Following the transaction, the insider now owns 53,655 shares in the company, valued at $2,959,073.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles R. Bland sold 1,750 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $55.75, for a total value of $97,562.50. Following the completion of the transaction, the director now owns 25,190 shares in the company, valued at approximately $1,404,342.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,117 shares of company stock worth $1,755,579. Corporate insiders own 42.30% of the company’s stock.

Large investors have recently made changes to their positions in the business. Strs Ohio bought a new position in MACOM Technology Solutions Holdings in the second quarter worth approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 worth $121,000 after acquiring an additional 199 shares in the last quarter. Advisor Group Inc. boosted its holdings 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 worth $128,000 after acquiring an additional 143 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in MACOM Technology Solutions Holdings by 24.2% in the first quarter. First Mercantile Trust Co. now owns 2,372 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 462 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in MACOM Technology Solutions Holdings in the first quarter worth approximately $116,000. Institutional investors and hedge funds own 79.85% of the company’s stock.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded up 4.42% during trading on Wednesday, hitting $45.36. The stock had a trading volume of 844,756 shares. MACOM Technology Solutions Holdings has a one year low of $35.33 and a one year high of $65.99. The firm’s market capitalization is $2.91 billion. The stock has a 50 day moving average of $44.49 and a 200 day moving average of $51.04.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released 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). MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The business had revenue of $194.56 million for the quarter, compared to analyst estimates of $194.93 million. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 36.7% on a year-over-year basis. Equities research analysts expect that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current fiscal year.

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)

Receive News & Ratings for MACOM Technology Solutions Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply