MACOM Technology Solutions Holdings, Inc. (MTSI) Rating Increased to Buy at BidaskClub

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the company. Jefferies Group LLC reissued a “buy” rating and issued a $66.00 price objective on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, May 17th. Needham & Company LLC increased their price objective on MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, June 26th. Barclays PLC increased their price objective on MACOM Technology Solutions Holdings from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, April 3rd. Stifel Nicolaus increased their price objective on MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Finally, Zacks Investment Research downgraded MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $60.17.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) opened at 60.51 on Thursday. MACOM Technology Solutions Holdings has a 1-year low of $34.90 and a 1-year high of $62.75. The firm’s market cap is $3.86 billion. The stock’s 50 day moving average is $57.17 and its 200-day moving average is $50.10.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $186.08 million during the quarter, compared to the consensus estimate of $182.73 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.86% and a negative net margin of 16.35%. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. Analysts forecast that MACOM Technology Solutions Holdings will post $2.66 EPS for the current year.

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In other news, Chairman John L. Ocampo sold 299,500 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $57.34, for a total transaction of $17,173,330.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Mcmullan sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $56.24, for a total value of $1,687,200.00. Following the sale, the chief financial officer now directly owns 64,506 shares of the company’s stock, valued at $3,627,817.44. The disclosure for this sale can be found here. Insiders have sold a total of 476,813 shares of company stock valued at $27,555,870 over the last ninety days. Company insiders own 57.10% of the company’s stock.

Several large investors have recently bought and sold shares of the company. First Mercantile Trust Co. increased its stake in MACOM Technology Solutions Holdings by 24.2% in the first quarter. First Mercantile Trust Co. now owns 2,372 shares of the semiconductor company’s stock worth $115,000 after buying an additional 462 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in MACOM Technology Solutions Holdings during the first quarter worth $116,000. Fifth Third Bancorp increased its stake in MACOM Technology Solutions Holdings by 7.9% in the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after buying an additional 189 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in MACOM Technology Solutions Holdings during the first quarter worth $130,000. Finally, Turner Investments LLC increased its stake in MACOM Technology Solutions Holdings by 14.3% in the first quarter. Turner Investments LLC now owns 4,000 shares of the semiconductor company’s stock worth $193,000 after buying an additional 500 shares during the period. 72.47% of the stock is owned by institutional investors.

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.

Analyst Recommendations for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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