MACOM Technology Solutions (MTSI) Trading Down 6.9%

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was down 6.9% during mid-day trading on Thursday . The company traded as low as $34.34 and last traded at $34.47. Approximately 1,569,050 shares were traded during mid-day trading, an increase of 76% from the average daily volume of 889,700 shares. The stock had previously closed at $37.01.

A number of equities research analysts have issued reports on MTSI shares. Needham & Company LLC reduced their price target on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. reduced their price target on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Craig Hallum reaffirmed a “buy” rating and issued a $54.00 price target on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. Jefferies Group set a $61.00 price target on MACOM Technology Solutions and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, ValuEngine raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. MACOM Technology Solutions presently has an average rating of “Buy” and a consensus price target of $43.00.

The company has a quick ratio of 3.64, a current ratio of 4.81 and a debt-to-equity ratio of 0.87. The company has a market cap of $2,290.00, a PE ratio of -13.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.31.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The business had revenue of $166.40 million for the quarter, compared to analyst estimates of $171.80 million. During the same period last year, the business posted $0.54 EPS. MACOM Technology Solutions’s revenue was up 9.0% on a year-over-year basis. research analysts expect that MACOM Technology Solutions Holdings Inc will post 1.01 EPS for the current year.

In other news, CEO John Croteau sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.94, for a total transaction of $63,880.00. Following the sale, the chief executive officer now owns 149,219 shares of the company’s stock, valued at approximately $4,766,054.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 4,750 shares of company stock worth $159,993 in the last three months. Corporate insiders own 42.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in MACOM Technology Solutions by 7.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 192,970 shares of the semiconductor company’s stock worth $6,280,000 after buying an additional 13,545 shares during the period. Bamco Inc. NY increased its position in MACOM Technology Solutions by 528.8% during the third quarter. Bamco Inc. NY now owns 940,121 shares of the semiconductor company’s stock worth $41,939,000 after buying an additional 790,621 shares during the period. Asset Management One Co. Ltd. increased its position in MACOM Technology Solutions by 555.0% during the third quarter. Asset Management One Co. Ltd. now owns 41,674 shares of the semiconductor company’s stock worth $1,852,000 after buying an additional 35,312 shares during the period. Allianz Asset Management GmbH increased its position in MACOM Technology Solutions by 46.9% during the third quarter. Allianz Asset Management GmbH now owns 1,038,371 shares of the semiconductor company’s stock worth $46,322,000 after buying an additional 331,665 shares during the period. Finally, Aureus Asset Management LLC increased its position in MACOM Technology Solutions by 10.0% during the third quarter. Aureus Asset Management LLC now owns 321,702 shares of the semiconductor company’s stock worth $14,351,000 after buying an additional 29,230 shares during the period. 88.18% of the stock is currently owned by institutional investors and hedge funds.

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MACOM Technology Solutions 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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