Zacks Investment Research upgraded shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) from a strong sell rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts. “

MTSI has been the topic of several other research reports. BidaskClub downgraded shares of MACOM Technology Solutions Holdings from a buy rating to a hold rating in a research note on Monday, July 31st. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of MACOM Technology Solutions Holdings in a research note on Thursday, September 14th. Needham & Company LLC reaffirmed a buy rating and issued a $56.00 price target (down previously from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Craig Hallum reaffirmed a buy rating and issued a $54.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Tuesday. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. MACOM Technology Solutions Holdings currently has an average rating of Buy and an average target price of $58.20.

MACOM Technology Solutions Holdings (MTSI) traded down 0.05% during trading on Wednesday, hitting $42.74. 937,375 shares of the company’s stock were exchanged. MACOM Technology Solutions Holdings has a 52-week low of $35.33 and a 52-week high of $65.99. The company’s market cap is $2.75 billion. The firm has a 50 day moving average price of $43.22 and a 200 day moving average price of $50.81.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm had revenue of $194.56 million during the quarter, compared to analysts’ expectations of $194.93 million. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was up 36.7% compared to the same quarter last year. On average, equities research analysts predict that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current year.

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In other MACOM Technology Solutions Holdings news, Director Geoffrey G. Ribar bought 5,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were acquired at an average price of $43.37 per share, with a total value of $216,850.00. Following the transaction, the director now owns 11,063 shares of the company’s stock, valued at approximately $479,802.31. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $45.20, for a total transaction of $90,400.00. The disclosure for this sale can be found here. Insiders sold a total of 28,117 shares of company stock worth $1,671,881 in the last ninety days. 42.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MTSI. Ameriprise Financial Inc. increased its position 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 during the period. BlackRock Inc. increased its position 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 during the period. Frontier Capital Management Co. LLC increased its position 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 during the period. Vanguard Group Inc. increased its position 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 during the period. Finally, Capital Research Global Investors purchased a new position in MACOM Technology Solutions Holdings during the 2nd quarter valued at about $42,368,000. 79.65% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Holdings 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.

Analyst Recommendations for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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