MACOM Technology Solutions (NASDAQ:MTSI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Several other analysts also recently issued reports on the company. Piper Jaffray Companies began coverage on MACOM Technology Solutions in a research note on Monday, February 26th. They set a “neutral” rating and a $22.00 target price on the stock. Zacks Investment Research downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Craig Hallum decreased their target price on MACOM Technology Solutions from $46.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Bank of America decreased their target price on MACOM Technology Solutions from $30.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 7th. Finally, Needham & Company LLC decreased their target price on MACOM Technology Solutions from $42.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $36.77.

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MACOM Technology Solutions (NASDAQ MTSI) opened at $19.48 on Tuesday. MACOM Technology Solutions has a 12-month low of $17.84 and a 12-month high of $65.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.00 and a current ratio of 5.70. The firm has a market capitalization of $1,285.54, a PE ratio of -5.53 and a beta of 1.43.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. The company had revenue of $130.93 million for the quarter, compared to analysts’ expectations of $132.91 million. During the same period in the previous year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was down 13.7% on a year-over-year basis. sell-side analysts predict that MACOM Technology Solutions will post -0.06 earnings per share for the current year.

In other news, SVP Donghyun Thomas Hwang acquired 2,500 shares of MACOM Technology Solutions stock in a transaction on Thursday, February 22nd. The shares were acquired at an average price of $21.70 per share, with a total value of $54,250.00. Following the purchase, the senior vice president now directly owns 35,501 shares in the company, valued at approximately $770,371.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Robert Dennehy acquired 10,000 shares of MACOM Technology Solutions stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of $20.43 per share, for a total transaction of $204,300.00. Following the purchase, the senior vice president now owns 66,556 shares in the company, valued at $1,359,739.08. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 2,750 shares of company stock worth $91,765. Corporate insiders own 32.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in MTSI. SG Americas Securities LLC bought a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $194,000. US Bancorp DE increased its stake in MACOM Technology Solutions by 40.0% in the 4th quarter. US Bancorp DE now owns 6,319 shares of the semiconductor company’s stock worth $206,000 after acquiring an additional 1,806 shares during the last quarter. Cowen Prime Services LLC increased its stake in MACOM Technology Solutions by 94.4% in the 4th quarter. Cowen Prime Services LLC now owns 9,060 shares of the semiconductor company’s stock worth $295,000 after acquiring an additional 4,400 shares during the last quarter. MAI Capital Management increased its stake in MACOM Technology Solutions by 72.1% in the 4th quarter. MAI Capital Management now owns 9,888 shares of the semiconductor company’s stock worth $322,000 after acquiring an additional 4,144 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $460,000. 90.36% of the stock is currently owned by institutional investors and hedge funds.

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MACOM Technology Solutions 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 (NASDAQ:MTSI)

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