Evercore ISI Reaffirms In-Line Rating for MACOM Technology Solutions (MTSI)

Evercore ISI reiterated their in-line rating on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a research note published on Thursday morning, Benzinga reports. The firm currently has a $15.85 target price on the semiconductor company’s stock.

A number of other equities analysts have also weighed in on MTSI. ValuEngine lowered MACOM Technology Solutions from a buy rating to a hold rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered MACOM Technology Solutions from a buy rating to a hold rating in a research note on Tuesday, January 15th. BidaskClub upgraded MACOM Technology Solutions from a hold rating to a buy rating in a research note on Monday, February 4th. Craig Hallum lowered MACOM Technology Solutions from a buy rating to a hold rating and lowered their target price for the stock from $23.00 to $19.00 in a research note on Wednesday, February 6th. Finally, Needham & Company LLC lowered their target price on MACOM Technology Solutions from $27.00 to $23.00 and set a buy rating on the stock in a research note on Wednesday, February 6th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $18.24.

NASDAQ:MTSI opened at $14.35 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.63 and a current ratio of 4.93. The company has a market capitalization of $938.27 million, a price-to-earnings ratio of 102.50, a price-to-earnings-growth ratio of 11.49 and a beta of 2.35. MACOM Technology Solutions has a 12-month low of $13.07 and a 12-month high of $25.92.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $150.69 million for the quarter, compared to analyst estimates of $153.14 million. MACOM Technology Solutions had a positive return on equity of 1.78% and a negative net margin of 23.86%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. Equities research analysts predict that MACOM Technology Solutions will post -0.11 EPS for the current fiscal year.

In related news, SVP Vivek Rajgarhia sold 1,782 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $18.41, for a total transaction of $32,806.62. Following the sale, the senior vice president now owns 89,435 shares of the company’s stock, valued at $1,646,498.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Croteau sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $17.08, for a total value of $68,320.00. Following the sale, the insider now directly owns 136,777 shares in the company, valued at approximately $2,336,151.16. The disclosure for this sale can be found here. Insiders have sold 10,492 shares of company stock worth $186,622 in the last three months. 32.40% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of MTSI. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of MACOM Technology Solutions by 37.7% in the 4th 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 in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of MACOM Technology Solutions in the 1st quarter valued at $125,000. Flagship Harbor Advisors LLC boosted its holdings in shares of MACOM Technology Solutions by 167.9% in the 1st 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 in the last quarter. PEAK6 Investments LLC boosted its holdings in shares of MACOM Technology Solutions by 174.2% in the 4th quarter. PEAK6 Investments LLC now owns 11,244 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 26,392 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of MACOM Technology Solutions by 94.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 12,165 shares of the semiconductor company’s stock valued at $203,000 after purchasing an additional 5,905 shares in the last quarter. 76.33% of the stock is currently owned by institutional investors and hedge funds.

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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