MACOM Technology Solutions (MTSI) Shares Up 5.6%

Shares of MACOM Technology Solutions (NASDAQ:MTSI) shot up 5.6% during trading on Friday . The stock traded as high as $16.77 and last traded at $16.60. 1,216,100 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 1,438,000 shares. The stock had previously closed at $15.72.

Several research firms have recently commented on MTSI. Craig Hallum lowered their price target on shares of MACOM Technology Solutions from $46.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. JPMorgan Chase downgraded shares of MACOM Technology Solutions from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 7th. Stifel Nicolaus reduced their price objective on shares of MACOM Technology Solutions from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, February 6th. BidaskClub raised shares of MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, March 10th. Finally, DA Davidson raised shares of MACOM Technology Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $32.00 to $43.00 in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $36.77.

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The company has a current ratio of 5.70, a quick ratio of 4.00 and a debt-to-equity ratio of 0.89. The company has a market cap of $1,069.14, a PE ratio of 8.83 and a beta of 1.43.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The company had revenue of $130.93 million for the quarter, compared to analysts’ expectations of $132.91 million. MACOM Technology Solutions had a positive return on equity of 10.35% and a negative net margin of 28.19%. The business’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. analysts anticipate that MACOM Technology Solutions will post -0.06 earnings per share for the current fiscal year.

In related news, SVP Donghyun Thomas Hwang purchased 2,500 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were bought at an average price of $21.70 per share, with a total value of $54,250.00. Following the completion of the purchase, the senior vice president now directly owns 35,501 shares in the company, valued at approximately $770,371.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert Dennehy purchased 10,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $20.43 per share, for a total transaction of $204,300.00. Following the purchase, the senior vice president now owns 66,556 shares of the company’s stock, valued at $1,359,739.08. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 2,750 shares of company stock worth $91,765. 32.20% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of MTSI. Bamco Inc. NY raised its stake in MACOM Technology Solutions by 528.8% during the third quarter. Bamco Inc. NY now owns 940,121 shares of the semiconductor company’s stock worth $41,939,000 after purchasing an additional 790,621 shares during the period. Franklin Resources Inc. raised its stake in shares of MACOM Technology Solutions by 119.3% in the 4th quarter. Franklin Resources Inc. now owns 1,121,769 shares of the semiconductor company’s stock valued at $36,502,000 after acquiring an additional 610,361 shares during the period. Allianz Asset Management GmbH raised its stake in shares of MACOM Technology Solutions by 46.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,038,371 shares of the semiconductor company’s stock valued at $46,322,000 after acquiring an additional 331,665 shares during the period. Cramer Rosenthal Mcglynn LLC raised its stake in shares of MACOM Technology Solutions by 45.6% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 950,052 shares of the semiconductor company’s stock valued at $42,382,000 after acquiring an additional 297,456 shares during the period. Finally, BlackRock Inc. raised its stake in shares of MACOM Technology Solutions by 10.1% in the 4th quarter. BlackRock Inc. now owns 2,761,390 shares of the semiconductor company’s stock valued at $89,855,000 after acquiring an additional 254,288 shares during the period. 90.36% of the stock is currently owned by institutional investors.

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About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.

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