BidaskClub upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a strong sell rating to a sell rating in a research report released on Thursday morning, BidAskClub reports.

Several other equities research analysts have also weighed in on the company. Northland Securities set a $23.00 price objective on MACOM Technology Solutions and gave the stock a buy rating in a research note on Monday, May 20th. Stifel Nicolaus raised MACOM Technology Solutions from a sell rating to a hold rating in a research note on Thursday, May 16th. Needham & Company LLC reaffirmed a buy rating and issued a $20.00 target price on shares of MACOM Technology Solutions in a research report on Monday, May 13th. DA Davidson set a $14.00 target price on MACOM Technology Solutions and gave the stock a hold rating in a research report on Wednesday, May 8th. Finally, Craig Hallum raised MACOM Technology Solutions from a hold rating to a buy rating and set a $25.00 target price for the company in a research report on Wednesday, May 8th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. MACOM Technology Solutions presently has an average rating of Hold and a consensus target price of $18.40.

MTSI opened at $14.15 on Thursday. The firm has a market cap of $963.17 million, a PE ratio of 101.07 and a beta of 2.22. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.01 and a quick ratio of 3.66. MACOM Technology Solutions has a fifty-two week low of $12.33 and a fifty-two week high of $25.92.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.09. The business had revenue of $128.47 million during the quarter, compared to analyst estimates of $121.06 million. MACOM Technology Solutions had a negative return on equity of 1.98% and a negative net margin of 30.19%. The company’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS. Equities research analysts forecast that MACOM Technology Solutions will post -0.5 earnings per share for the current fiscal year.

In other news, Chairman John L. Ocampo acquired 100,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average price of $13.30 per share, with a total value of $1,330,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vivek Rajgarhia sold 1,782 shares of MACOM Technology Solutions stock in a transaction 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 sale, the senior vice president now directly owns 89,435 shares of the company’s stock, valued at approximately $1,646,498.35. The disclosure for this sale can be found here. Company insiders own 32.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pearl River Capital LLC boosted its position in MACOM Technology Solutions by 495.0% during the first quarter. Pearl River Capital LLC now owns 2,600 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 2,163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in MACOM Technology Solutions by 37.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,769 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 1,032 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in MACOM Technology Solutions during the first quarter valued at $80,000. FNY Investment Advisers LLC acquired a new stake in MACOM Technology Solutions during the first quarter valued at $125,000. Finally, Flagship Harbor Advisors LLC boosted its position in MACOM Technology Solutions by 167.9% during the first quarter. Flagship Harbor Advisors LLC now owns 9,832 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 6,162 shares during the last quarter. 75.13% 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.

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Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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