Somewhat Positive News Coverage Somewhat Unlikely to Affect MACOM Technology Solutions Holdings (MTSI) Share Price

Headlines about MACOM Technology Solutions Holdings (NASDAQ:MTSI) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MACOM Technology Solutions Holdings earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.6368947468485 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern’s scoring:

MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded up 2.44% during mid-day trading on Monday, hitting $37.76. The stock had a trading volume of 79,725 shares. The company has a 50-day moving average price of $42.59 and a 200 day moving average price of $50.30. MACOM Technology Solutions Holdings has a 1-year low of $35.33 and a 1-year high of $65.99. The company’s market cap is $2.43 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The firm had revenue of $194.56 million for the quarter, compared to the consensus estimate of $194.93 million. MACOM Technology Solutions Holdings had a negative return on equity of 7.10% and a negative net margin of 7.18%. The company’s revenue for the quarter was up 36.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. Equities research analysts forecast that MACOM Technology Solutions Holdings will post $2.33 EPS for the current fiscal year.

Several research firms have recently commented on MTSI. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 target price (down from $65.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $61.00 target price (down from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Stifel Nicolaus lowered their target price on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, August 2nd. Barclays PLC reaffirmed an “overweight” rating and set a $63.00 target price (down from $70.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Finally, BidaskClub raised MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $49.67.

COPYRIGHT VIOLATION WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Affect MACOM Technology Solutions Holdings (MTSI) Share Price” was first published by Markets Daily and is owned by of Markets Daily. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/10/23/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-macom-technology-solutions-holdings-mtsi-share-price.html.

In other news, SVP Donghyun Thomas Hwang sold 11,241 shares of MACOM Technology Solutions Holdings stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $64.26, for a total transaction of $722,346.66. Following the transaction, the senior vice president now directly owns 19,018 shares of the company’s stock, valued at $1,222,096.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Geoffrey G. Ribar purchased 5,000 shares of MACOM Technology Solutions Holdings stock in a transaction dated Monday, August 28th. The shares were purchased at an average cost of $43.37 per share, for a total transaction of $216,850.00. Following the completion of the transaction, the director now owns 11,063 shares of the company’s stock, valued at $479,802.31. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 19,491 shares of company stock worth $1,139,129. Insiders own 42.30% of the company’s stock.

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.

Insider Buying and Selling by Quarter for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

Receive News & Ratings for MACOM Technology Solutions Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply