MACOM Technology Solutions (MTSI) Getting Somewhat Positive Press Coverage, Report Finds
Media coverage about MACOM Technology Solutions (NASDAQ:MTSI) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MACOM Technology Solutions earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.8099868423548 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- MACOM Technology Solutions Holdings, Inc. :MTSI-US: Earnings Analysis: Q4, 2017 By the Numbers : December 8, 2017 (finance.yahoo.com)
- Weakness Seen in MACOM Technology (MTSI) Estimates: Should You Stay Away? – Nasdaq (nasdaq.com)
- Insider Selling: MACOM Technology Solutions Holdings, Inc. (MTSI) CEO Sells 2,000 Shares of Stock (americanbankingnews.com)
MACOM Technology Solutions (NASDAQ MTSI) opened at $32.26 on Monday. The stock has a market cap of $2,073.16, a PE ratio of 18.98, a P/E/G ratio of 1.59 and a beta of 1.31. MACOM Technology Solutions has a one year low of $29.73 and a one year high of $65.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64.
MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. analysts expect that MACOM Technology Solutions will post 0.95 earnings per share for the current year.
A number of analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $56.00 target price on shares of MACOM Technology Solutions in a report on Tuesday, September 5th. Raymond James Financial reiterated a “market perform” rating on shares of MACOM Technology Solutions in a research note on Thursday, September 14th. Zacks Investment Research upgraded shares of MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Craig Hallum reiterated a “buy” rating and issued a $54.00 price target on shares of MACOM Technology Solutions in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and dropped their price target for the stock from $57.00 to $43.00 in a research note on Monday, October 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.10.
In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 5,250 shares of company stock worth $205,225 in the last 90 days. Company insiders own 42.30% of the company’s stock.
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About MACOM Technology Solutions
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.
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