Craig Hallum reissued their buy rating on shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in a research report sent to investors on Tuesday. They currently have a $54.00 price target on the semiconductor company’s stock.

A number of other equities analysts have also recently issued reports on MTSI. BidaskClub cut shares of MACOM Technology Solutions Holdings from a buy rating to a hold rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of MACOM Technology Solutions Holdings from a hold rating to a strong sell rating in a research note on Tuesday, August 8th. Needham & Company LLC restated a buy rating and set a $56.00 price objective (down from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a buy rating and issued a $61.00 target price (down from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Finally, Barclays PLC reaffirmed an overweight rating and issued a $63.00 target price (down from $70.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. MACOM Technology Solutions Holdings currently has a consensus rating of Buy and a consensus price target of $57.67.

Shares of MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded down 0.44% during midday trading on Tuesday, reaching $42.99. The company had a trading volume of 412,085 shares. The company has a 50-day moving average price of $43.17 and a 200 day moving average price of $50.87. MACOM Technology Solutions Holdings has a one year low of $35.33 and a one year high of $65.99. The company’s market capitalization is $2.76 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 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 company 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 earnings per share. The company’s revenue was up 36.7% on a year-over-year basis. Equities analysts anticipate that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current fiscal year.

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In other MACOM Technology Solutions Holdings news, SVP Donghyun Thomas Hwang sold 11,241 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $64.26, for a total value of $722,346.66. Following the completion of the transaction, the senior vice president now owns 19,018 shares of the company’s stock, valued at approximately $1,222,096.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Croteau sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $60.76, for a total value of $121,520.00. Following the completion of the transaction, the insider now directly owns 51,200 shares of the company’s stock, valued at approximately $3,110,912. The disclosure for this sale can be found here. Insiders have sold 25,367 shares of company stock worth $1,547,716 over the last ninety days. 57.10% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in MTSI. Ameriprise Financial Inc. grew its stake in shares of MACOM Technology Solutions Holdings by 1,136.5% in the second quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock worth $157,274,000 after acquiring an additional 2,592,080 shares during the period. BlackRock Inc. raised its holdings in shares of MACOM Technology Solutions Holdings by 108,171.0% during the first 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 last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of MACOM Technology Solutions Holdings by 603.9% during the second 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 last quarter. Vanguard Group Inc. lifted its position in MACOM Technology Solutions Holdings by 37.0% during the first 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 bought a new position in MACOM Technology Solutions Holdings during the second quarter valued at approximately $42,368,000. Hedge funds and other institutional investors own 79.65% of the company’s stock.

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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