MACOM Technology Solutions Holdings, Inc. (MTSI) Stock Price Down 18% Following Analyst Downgrade

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) fell 18% during trading on Thursday after Barclays PLC lowered their price target on the stock from $50.00 to $40.00. Barclays PLC currently has an overweight rating on the stock. MACOM Technology Solutions Holdings traded as low as $29.98 and last traded at $30.02. 7,899,400 shares changed hands during trading, an increase of 893% from the average session volume of 795,690 shares. The stock had previously closed at $36.61.

A number of other equities analysts also recently issued reports on the company. J P Morgan Chase & Co lowered their price target on MACOM Technology Solutions Holdings from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday. lowered their price target on MACOM Technology Solutions Holdings from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday. lowered their price target on MACOM Technology Solutions Holdings from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday. lowered their price target on MACOM Technology Solutions Holdings from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus lowered their price target on MACOM Technology Solutions Holdings from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.10.

In related news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $45.68, for a total transaction of $91,360.00. Following the transaction, the insider now owns 48,855 shares in the company, valued at $2,231,696.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Geoffrey G. Ribar acquired 5,000 shares of MACOM Technology Solutions Holdings stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average price of $43.37 per share, for a total transaction of $216,850.00. Following the transaction, the director now owns 11,063 shares of the company’s stock, valued at approximately $479,802.31. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 5,500 shares of company stock worth $247,340. Company insiders own 42.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MTSI. Principal Financial Group Inc. acquired a new stake in MACOM Technology Solutions Holdings during the first quarter worth $215,000. Teachers Advisors LLC increased its stake in MACOM Technology Solutions Holdings by 52.4% during the first quarter. Teachers Advisors LLC now owns 57,962 shares of the semiconductor company’s stock worth $2,800,000 after acquiring an additional 19,934 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in MACOM Technology Solutions Holdings by 32.1% during the first quarter. TIAA CREF Investment Management LLC now owns 89,720 shares of the semiconductor company’s stock worth $4,333,000 after acquiring an additional 21,809 shares during the last quarter. California Public Employees Retirement System acquired a new stake in MACOM Technology Solutions Holdings during the first quarter worth $1,086,000. Finally, Legal & General Group Plc grew its stake in shares of MACOM Technology Solutions Holdings by 102.6% in the first quarter. Legal & General Group Plc now owns 11,546 shares of the semiconductor company’s stock valued at $554,000 after buying an additional 5,846 shares in the last quarter. 87.91% of the stock is owned by institutional investors.

The company has a current ratio of 5.61, a quick ratio of 4.42 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $2,351.60, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 0.98 and a beta of 1.40.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 24.26% and a positive return on equity of 15.58%. The firm had revenue of $166.40 million during the quarter, compared to analyst estimates of $171.80 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.87 EPS for the current fiscal year.

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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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