MACOM Technology Solutions (NASDAQ:MTSI)‘s stock had its “buy” rating reiterated by equities research analysts at Northland Securities in a report released on Friday, AnalystRatings.com reports. They presently have a $25.00 price objective on the semiconductor company’s stock. Northland Securities’ price target would indicate a potential upside of 54.80% from the company’s current price.

The analysts wrote, “We are reflecting these views in more conservative estimates for the balance of FY19, including seq declines in June and a more modest recovery in FQ4. We also initiate what we view as a conservative take on FY20, essentially including only a solid but still modest relative to the opportunity GaN on Si ramp and modest recovery across the rest of the business, with earnings power still well below the 2017 peak of $2.32 per share.””

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday. Evercore ISI cut their price objective on MACOM Technology Solutions from $24.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, January 14th. BidaskClub cut shares of MACOM Technology Solutions from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Finally, Needham & Company LLC lowered their target price on shares of MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, February 6th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $19.82.

Shares of MACOM Technology Solutions stock opened at $16.15 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.93 and a quick ratio of 3.63. MACOM Technology Solutions has a 1 year low of $13.07 and a 1 year high of $25.92. The company has a market cap of $1.06 billion, a P/E ratio of 115.36, a P/E/G ratio of 7.53 and a beta of 2.35.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. MACOM Technology Solutions had a positive return on equity of 1.78% and a negative net margin of 23.86%. The firm had revenue of $150.69 million during the quarter, compared to the consensus estimate of $153.14 million. During the same period in the previous year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, analysts forecast that MACOM Technology Solutions will post 0.12 EPS for the current fiscal year.

In other MACOM Technology Solutions news, SVP Vivek Rajgarhia sold 1,782 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $18.41, for a total value of $32,806.62. Following the completion of the sale, the senior vice president now directly owns 89,435 shares of the company’s stock, valued at approximately $1,646,498.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Croteau sold 4,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $17.08, for a total transaction of $68,320.00. Following the completion of the sale, the insider now directly owns 136,777 shares of the company’s stock, valued at $2,336,151.16. The disclosure for this sale can be found here. Insiders sold a total of 10,492 shares of company stock valued at $186,622 over the last ninety days. 32.40% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Cowen Prime Services LLC grew its stake in shares of MACOM Technology Solutions by 27.4% during the 4th quarter. Cowen Prime Services LLC now owns 50,258 shares of the semiconductor company’s stock valued at $729,000 after buying an additional 10,818 shares during the period. Macquarie Group Ltd. grew its stake in shares of MACOM Technology Solutions by 10.4% during the 3rd quarter. Macquarie Group Ltd. now owns 499,363 shares of the semiconductor company’s stock valued at $10,287,000 after buying an additional 47,198 shares during the period. Nordea Investment Management AB grew its stake in shares of MACOM Technology Solutions by 52.7% during the 3rd quarter. Nordea Investment Management AB now owns 201,659 shares of the semiconductor company’s stock valued at $4,154,000 after buying an additional 69,627 shares during the period. MetLife Investment Advisors LLC grew its stake in shares of MACOM Technology Solutions by 55.5% during the 3rd quarter. MetLife Investment Advisors LLC now owns 29,517 shares of the semiconductor company’s stock valued at $608,000 after buying an additional 10,533 shares during the period. Finally, White Pine Capital LLC purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $290,000. 76.30% 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 lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

Further Reading: What are Institutional Investors?

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

Receive News & Ratings for MACOM Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.