Shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) have received an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.70.

A number of brokerages recently commented on MTSI. Stifel Nicolaus downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating and decreased their price target for the company from $22.00 to $20.00 in a research report on Wednesday, September 12th. JPMorgan Chase & Co. downgraded MACOM Technology Solutions from a “neutral” rating to an “underweight” rating and set a $45.00 target price for the company. in a research report on Tuesday, August 14th. Barclays decreased their target price on MACOM Technology Solutions from $26.00 to $18.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 23rd. BidaskClub downgraded MACOM Technology Solutions from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 27th. Finally, Zacks Investment Research raised MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, November 19th.

Shares of MTSI traded down $0.20 on Friday, reaching $15.75. 25,365 shares of the company’s stock traded hands, compared to its average volume of 831,808. The company has a current ratio of 4.29, a quick ratio of 3.14 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 111.50, a PEG ratio of 1.68 and a beta of 2.22. MACOM Technology Solutions has a 52-week low of $13.07 and a 52-week high of $38.36.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, November 13th. The semiconductor company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. The company had revenue of $151.19 million during the quarter, compared to the consensus estimate of $152.75 million. MACOM Technology Solutions had a positive return on equity of 0.87% and a negative net margin of 24.54%. MACOM Technology Solutions’s revenue was down 9.1% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. As a group, equities research analysts predict that MACOM Technology Solutions will post 0.57 earnings per share for the current year.

In other news, insider John Croteau sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $17.16, for a total value of $102,960.00. Following the completion of the transaction, the insider now directly owns 140,777 shares of the company’s stock, valued at $2,415,733.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Mcmullan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $16.91, for a total value of $253,650.00. Following the completion of the transaction, the chief financial officer now directly owns 52,561 shares of the company’s stock, valued at $888,806.51. The disclosure for this sale can be found here. Insiders sold 27,043 shares of company stock valued at $459,764 over the last three months. Company insiders own 32.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in shares of MACOM Technology Solutions in the second quarter worth $166,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of MACOM Technology Solutions in the second quarter worth $204,000. Teacher Retirement System of Texas bought a new stake in MACOM Technology Solutions during the second quarter valued at $211,000. MML Investors Services LLC boosted its stake in MACOM Technology Solutions by 55.2% during the third quarter. MML Investors Services LLC now owns 15,664 shares of the semiconductor company’s stock valued at $323,000 after buying an additional 5,571 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in MACOM Technology Solutions by 277.2% during the third quarter. PNC Financial Services Group Inc. now owns 16,443 shares of the semiconductor company’s stock valued at $339,000 after buying an additional 12,084 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Company Profile

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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