Jefferies Group LLC set a $61.00 price target on MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in a report released on Wednesday. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other analysts have also recently issued reports about the stock. Craig Hallum reissued a buy rating and set a $54.00 target price on shares of MACOM Technology Solutions Holdings in a report on Tuesday, October 3rd. Stifel Nicolaus reissued a buy rating and set a $64.00 target price on shares of MACOM Technology Solutions Holdings in a report on Friday, July 14th. BidaskClub raised shares of MACOM Technology Solutions Holdings from a hold rating to a buy rating in a report on Thursday, July 13th. Needham & Company LLC increased their target price on shares of MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a buy rating in a report on Monday, June 26th. Finally, Zacks Investment Research raised shares of MACOM Technology Solutions Holdings from a strong sell rating to a hold rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $49.67.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) opened at 36.86 on Wednesday. The stock’s market capitalization is $2.37 billion. MACOM Technology Solutions Holdings has a 12 month low of $35.33 and a 12 month high of $65.99. The firm’s 50-day moving average is $42.59 and its 200 day moving average is $50.30.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.01). The business had revenue of $194.56 million for the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. On average, equities analysts anticipate that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current year.

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In related news, SVP Donghyun Thomas Hwang sold 11,241 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $64.26, for a total value of $722,346.66. Following the sale, the senior vice president now owns 19,018 shares of the company’s stock, valued at approximately $1,222,096.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Geoffrey G. Ribar acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average cost of $43.37 per share, for a total transaction of $216,850.00. Following the acquisition, the director now owns 11,063 shares in the company, valued at $479,802.31. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 23,892 shares of company stock worth $1,418,593. Corporate insiders own 42.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in shares of MACOM Technology Solutions Holdings in the 2nd quarter worth about $105,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of MACOM Technology Solutions Holdings in the 1st quarter worth about $116,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of MACOM Technology Solutions Holdings by 10.1% in the 2nd 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 during the period. Fifth Third Bancorp increased its holdings in shares of MACOM Technology Solutions Holdings by 7.9% in the 1st quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after acquiring an additional 189 shares during the period. Finally, Advisor Group Inc. increased its holdings in shares of MACOM Technology Solutions Holdings by 6.6% in the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 143 shares during the period. 79.33% of the stock is currently owned by institutional investors and hedge funds.

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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