MACOM Technology Solutions Holdings, Inc. (MTSI) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts. “

Several other research firms also recently issued reports on MTSI. Needham & Company LLC reissued a buy rating and issued a $56.00 target price (down from $65.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a buy rating and set a $61.00 price target (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Stifel Nicolaus cut their price target on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a buy rating on the stock in a research report on Wednesday, August 2nd. Barclays PLC reaffirmed an overweight rating and set a $63.00 price target (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Finally, BidaskClub raised MACOM Technology Solutions Holdings from a hold rating to a buy rating in a research report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $58.20.

Shares of MACOM Technology Solutions Holdings (NASDAQ MTSI) opened at 43.44 on Wednesday. The firm has a 50 day moving average price of $43.32 and a 200-day moving average price of $50.73. MACOM Technology Solutions Holdings has a 12-month low of $35.33 and a 12-month high of $65.99. The company’s market cap is $2.79 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm had revenue of $194.56 million during the quarter, compared to analyst estimates of $194.93 million. During the same period in the previous year, the company earned $0.51 earnings per share. MACOM Technology Solutions Holdings’s revenue was up 36.7% on a year-over-year basis. On average, equities analysts expect that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current fiscal year.

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In other MACOM Technology Solutions Holdings news, insider John Croteau sold 2,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.76, for a total value of $121,520.00. Following the completion of the sale, the insider now owns 51,200 shares in the company, valued at approximately $3,110,912. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,225 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $59.95, for a total transaction of $253,288.75. The disclosure for this sale can be found here. Insiders sold a total of 28,117 shares of company stock worth $1,671,881 over the last ninety days. 42.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MTSI. Ameriprise Financial Inc. increased its holdings in shares of MACOM Technology Solutions Holdings by 1,136.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock worth $157,274,000 after buying an additional 2,592,080 shares during the last quarter. BlackRock Inc. increased its holdings in shares of MACOM Technology Solutions Holdings by 108,171.0% during the 1st quarter. BlackRock Inc. now owns 2,052,819 shares of the semiconductor company’s stock worth $99,151,000 after buying an additional 2,050,923 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of MACOM Technology Solutions Holdings by 603.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock worth $118,111,000 after buying an additional 1,816,972 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of MACOM Technology Solutions Holdings by 37.0% during the 1st quarter. Vanguard Group Inc. now owns 3,174,795 shares of the semiconductor company’s stock worth $153,343,000 after buying an additional 857,449 shares during the last quarter. Finally, Capital Research Global Investors acquired a new stake in shares of MACOM Technology Solutions Holdings during the 2nd quarter worth approximately $42,368,000. Institutional investors and hedge funds own 79.65% of the company’s stock.

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

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