BidaskClub downgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a buy rating to a hold rating in a research note published on Saturday morning.
Several other brokerages have also weighed in on MTSI. Needham & Company LLC reiterated a buy rating and set a $45.00 price objective (down from $56.00) on shares of MACOM Technology Solutions in a report on Tuesday, October 17th. ValuEngine raised shares of MACOM Technology Solutions from a hold rating to a buy rating in a research report on Sunday, December 31st. DA Davidson started coverage on shares of MACOM Technology Solutions in a research report on Monday, October 16th. They set a neutral rating and a $45.00 target price for the company. Jefferies Group set a $61.00 target price on shares of MACOM Technology Solutions and gave the stock a buy rating in a research report on Wednesday, October 18th. Finally, Barclays dropped their target price on shares of MACOM Technology Solutions from $50.00 to $40.00 and set an overweight rating for the company in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $43.00.
Shares of MACOM Technology Solutions (NASDAQ:MTSI) traded down $1.01 during mid-day trading on Friday, hitting $33.46. 964,460 shares of the stock traded hands, compared to its average volume of 657,337. The stock has a market cap of $2,154.89, a price-to-earnings ratio of 19.68, a P/E/G ratio of 1.50 and a beta of 1.32. MACOM Technology Solutions has a 1-year low of $29.73 and a 1-year high of $65.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.64 and a current ratio of 4.81.
In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $35.05, for a total value of $70,100.00. Following the completion of the sale, the insider now owns 147,219 shares of the company’s stock, valued at $5,160,025.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 4,750 shares of company stock valued at $159,993 in the last ninety days. 42.30% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in MACOM Technology Solutions by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 199 shares in the last quarter. Advisor Group Inc. grew its position in MACOM Technology Solutions by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 143 shares in the last quarter. BT Investment Management Ltd acquired a new stake in MACOM Technology Solutions in the second quarter valued at approximately $162,000. SG Americas Securities LLC acquired a new stake in MACOM Technology Solutions in the third quarter valued at approximately $194,000. Finally, Ameritas Investment Partners Inc. grew its position in MACOM Technology Solutions by 32.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock valued at $199,000 after acquiring an additional 864 shares in the last quarter. 88.18% of the stock is owned by institutional investors.
MACOM Technology Solutions 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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