MACOM Technology Solutions Holdings (MTSI) Receives Daily News Impact Rating of 0.37

Media headlines about MACOM Technology Solutions Holdings (NASDAQ:MTSI) have been trending positive this week, according to Alpha One Sentiment. The research group, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MACOM Technology Solutions Holdings earned a media sentiment score of 0.37 on Alpha One’s scale. Alpha One also assigned press coverage about the semiconductor company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near term.

Insider Buying and Selling by Quarter for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

Shares of MACOM Technology Solutions Holdings (MTSI) opened at 55.86 on Friday. MACOM Technology Solutions Holdings has a 12 month low of $29.56 and a 12 month high of $61.70. The stock has a 50 day moving average of $54.46 and a 200-day moving average of $49.60. The company’s market cap is $3.57 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, April 25th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. MACOM Technology Solutions Holdings had a negative net margin of 16.35% and a positive return on equity of 17.86%. The business had revenue of $186.08 million during the quarter, compared to the consensus estimate of $182.73 million. During the same quarter last year, the firm posted $0.46 EPS. MACOM Technology Solutions Holdings’s revenue was up 39.3% compared to the same quarter last year. On average, analysts forecast that MACOM Technology Solutions Holdings will post $2.65 EPS for the current year.

MTSI has been the topic of a number of research reports. Zacks Investment Research lowered shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Jefferies Group LLC boosted their price objective on shares of MACOM Technology Solutions Holdings from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Stifel Nicolaus boosted their price objective on shares of MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Barclays PLC boosted their price objective on shares of MACOM Technology Solutions Holdings from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, April 3rd. Finally, Needham & Company LLC boosted their price objective on shares of MACOM Technology Solutions Holdings from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.86.

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In other MACOM Technology Solutions Holdings news, SVP Preetinder S. Virk sold 793 shares of MACOM Technology Solutions Holdings stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $46.29, for a total transaction of $36,707.97. Following the transaction, the senior vice president now directly owns 43,433 shares of the company’s stock, valued at approximately $2,010,513.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Mcmullan sold 30,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $56.24, for a total transaction of $1,687,200.00. Following the transaction, the chief financial officer now directly owns 64,506 shares in the company, valued at $3,627,817.44. The disclosure for this sale can be found here. In the last three months, insiders sold 631,299 shares of company stock valued at $35,245,920. 42.30% of the stock is currently owned by insiders.

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.

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