MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $55.60.

MTSI has been the subject of a number of recent analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $66.00 price objective on shares of MACOM Technology Solutions Holdings in a report on Wednesday, May 17th. Stifel Nicolaus increased their price objective on MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, June 6th. Needham & Company LLC increased their price objective on MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, June 26th. BidaskClub lowered MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Barclays PLC reissued an “overweight” rating and issued a $70.00 price objective (up from $60.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, July 12th.

In other MACOM Technology Solutions Holdings news, insider John Croteau sold 2,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $55.15, for a total transaction of $110,300.00. Following the completion of the transaction, the insider now directly owns 53,655 shares of the company’s stock, valued at approximately $2,959,073.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Geoffrey G. Ribar purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were purchased at an average cost of $43.37 per share, with a total value of $216,850.00. Following the completion of the purchase, the director now owns 11,063 shares in the company, valued at approximately $479,802.31. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 29,117 shares of company stock valued at $1,755,579. 57.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MTSI. Ameriprise Financial Inc. boosted its stake in MACOM Technology Solutions Holdings by 1,136.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock valued at $157,274,000 after purchasing an additional 2,592,080 shares in the last quarter. BlackRock Inc. boosted its stake in MACOM Technology Solutions Holdings by 108,171.0% during the 1st quarter. BlackRock Inc. now owns 2,052,819 shares of the semiconductor company’s stock valued at $99,151,000 after purchasing an additional 2,050,923 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in MACOM Technology Solutions Holdings by 603.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock valued at $118,111,000 after purchasing an additional 1,816,972 shares in the last quarter. Vanguard Group Inc. boosted its stake in MACOM Technology Solutions Holdings by 37.0% during the 1st quarter. Vanguard Group Inc. now owns 3,174,795 shares of the semiconductor company’s stock valued at $153,343,000 after purchasing an additional 857,449 shares in the last quarter. Finally, Capital Research Global Investors bought a new position in MACOM Technology Solutions Holdings during the 2nd quarter valued at $42,368,000. 79.85% of the stock is owned by hedge funds and other institutional investors.

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Shares of MACOM Technology Solutions Holdings (MTSI) traded down 0.68% during trading on Wednesday, reaching $43.64. The company had a trading volume of 596,140 shares. The stock’s 50-day moving average price is $46.17 and its 200-day moving average price is $51.16. MACOM Technology Solutions Holdings has a 12 month low of $35.33 and a 12 month high of $65.99. The stock’s market capitalization is $2.80 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $194.93 million. During the same period last year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 36.7% compared to the same quarter last year. Equities analysts forecast 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)

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