Shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) have earned an average recommendation of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $31.15.

MTSI has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $18.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, July 19th. BidaskClub downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. Craig Hallum set a $26.00 price target on MACOM Technology Solutions and gave the company an “in-line” rating in a report on Wednesday, August 1st. Needham & Company LLC restated a “buy” rating and set a $34.00 price target on shares of MACOM Technology Solutions in a report on Wednesday, August 1st. Finally, Bank of America boosted their price target on MACOM Technology Solutions from $18.00 to $19.00 and gave the company an “underperform” rating in a report on Wednesday, August 1st.

NASDAQ:MTSI traded down $1.05 during mid-day trading on Friday, reaching $21.41. 688,180 shares of the company’s stock traded hands, compared to its average volume of 542,569. MACOM Technology Solutions has a 12-month low of $15.46 and a 12-month high of $45.72. The company has a market cap of $1.40 billion, a PE ratio of 11.39, a P/E/G ratio of 37.56 and a beta of 1.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.97 and a quick ratio of 3.62.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. MACOM Technology Solutions had a positive return on equity of 3.33% and a negative net margin of 22.92%. The company had revenue of $137.87 million for the quarter, compared to the consensus estimate of $146.71 million. During the same quarter in the previous year, the business earned $0.67 EPS. MACOM Technology Solutions’s revenue was down 29.1% compared to the same quarter last year. analysts expect that MACOM Technology Solutions will post 0.03 EPS for the current fiscal year.

In other news, Chairman John L. Ocampo bought 97,800 shares of MACOM Technology Solutions stock in a transaction on Friday, August 3rd. The shares were purchased at an average price of $20.95 per share, for a total transaction of $2,048,910.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Croteau sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $21.05, for a total value of $84,200.00. Following the transaction, the insider now owns 115,118 shares in the company, valued at approximately $2,423,233.90. The disclosure for this sale can be found here. Insiders have sold a total of 4,500 shares of company stock worth $95,258 in the last quarter. Company insiders own 32.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in shares of MACOM Technology Solutions by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 349,893 shares of the semiconductor company’s stock worth $8,061,000 after acquiring an additional 66,627 shares during the period. Yiheng Capital LLC lifted its position in MACOM Technology Solutions by 127.0% in the 2nd quarter. Yiheng Capital LLC now owns 1,911,009 shares of the semiconductor company’s stock valued at $44,030,000 after acquiring an additional 1,069,069 shares in the last quarter. Putnam Investments LLC bought a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at $1,903,000. Millennium Management LLC bought a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at $3,371,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at $166,000. Hedge funds and other institutional investors own 89.89% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.

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Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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