MACOM Technology Solutions Holdings (MTSI) Earns Coverage Optimism Rating of 0.31

Press coverage about MACOM Technology Solutions Holdings (NASDAQ:MTSI) has been trending positive on Thursday, Alpha One reports. The research group, a unit of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MACOM Technology Solutions Holdings earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned news articles about the semiconductor company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have effected AlphaOne Sentiment’s rankings:

MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded up 2.17% on Thursday, hitting $51.81. 435,905 shares of the stock were exchanged. MACOM Technology Solutions Holdings has a 12 month low of $29.56 and a 12 month high of $53.80. The company has a 50-day moving average of $47.77 and a 200-day moving average of $45.73. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 172.70 and a beta of 1.52.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its earnings results on Tuesday, January 31st. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company earned $151.80 million during the quarter, compared to analyst estimates of $152.01 million. MACOM Technology Solutions Holdings had a net margin of 2.76% and a return on equity of 19.84%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. On average, equities analysts predict that MACOM Technology Solutions Holdings will post $2.64 EPS for the current year.

A number of equities research analysts have issued reports on MTSI shares. Zacks Investment Research raised shares of MACOM Technology Solutions Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 18th. Barclays PLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of MACOM Technology Solutions Holdings in a research report on Friday, January 20th. Needham & Company LLC upped their price objective on shares of MACOM Technology Solutions Holdings from $49.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $55.00 price objective (up from $52.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, February 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. MACOM Technology Solutions Holdings presently has an average rating of “Buy” and a consensus price target of $50.71.

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In other MACOM Technology Solutions Holdings news, SVP Preetinder S. Virk sold 793 shares of the company’s stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $46.29, for a total value of $36,707.97. Following the completion of the transaction, the senior vice president now directly owns 43,433 shares in the company, valued at $2,010,513.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles R. Bland sold 1,750 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $49.77, for a total transaction of $87,097.50. Following the completion of the transaction, the director now owns 29,090 shares of the company’s stock, valued at $1,447,809.30. The disclosure for this sale can be found here. Insiders have sold 162,461 shares of company stock valued at $8,151,201 over the last 90 days. 57.10% of the stock is currently owned by company insiders.

About MACOM Technology Solutions Holdings

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.

5 Day Chart for NASDAQ:MTSI

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