News stories about MACOM Technology Solutions (NASDAQ:MTSI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MACOM Technology Solutions earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 46.5711373594214 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- $145.40 Million in Sales Expected for MACOM Technology Solutions Holdings Inc (MTSI) This Quarter (americanbankingnews.com)
- MACOM Technology Solutions Holdings Inc (MTSI) Short Interest Up 12.3% in February (americanbankingnews.com)
- MACOM Technology Solutions (MTSI) Lifted to Hold at BidaskClub (americanbankingnews.com)
- MACOM Technology Solutions Holdings, Inc. (MTSI) : Investors watching Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- MACOM Announces Availability of 400Gbps Chipset for Short Reach Optical Connectivity Applications (finance.yahoo.com)
A number of equities research analysts have recently commented on MTSI shares. ValuEngine upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded MACOM Technology Solutions from a “strong sell” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Wednesday, January 17th. BidaskClub downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Bank of America cut their price objective on MACOM Technology Solutions from $30.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, February 7th. Finally, cut their price objective on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $36.77.
MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The business had revenue of $130.93 million during the quarter, compared to analysts’ expectations of $132.91 million. MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. MACOM Technology Solutions’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. sell-side analysts expect that MACOM Technology Solutions will post -0.06 EPS for the current fiscal year.
In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang bought 2,500 shares of MACOM Technology Solutions stock in a transaction dated Thursday, February 22nd. The stock was bought at an average price of $21.70 per share, for a total transaction of $54,250.00. Following the completion of the acquisition, the senior vice president now directly owns 35,501 shares of the company’s stock, valued at $770,371.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Robert Dennehy bought 10,000 shares of MACOM Technology Solutions stock in a transaction dated Friday, February 16th. The stock was acquired at an average price of $20.43 per share, with a total value of $204,300.00. Following the acquisition, the senior vice president now directly owns 66,556 shares of the company’s stock, valued at $1,359,739.08. The disclosure for this purchase can be found here. Insiders sold 2,750 shares of company stock valued at $91,765 in the last 90 days. Corporate insiders own 32.20% of the company’s stock.
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About MACOM Technology Solutions
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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