MACOM Technology Solutions (MTSI) Trading 2.6% Higher

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) shares traded up 2.6% during mid-day trading on Friday . The company traded as high as $15.94 and last traded at $16.31. 48,712 shares traded hands during trading, a decline of 94% from the average session volume of 817,870 shares. The stock had previously closed at $15.90.

A number of research analysts have issued reports on the company. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $18.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, July 19th. BidaskClub lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. JPMorgan Chase & Co. lowered MACOM Technology Solutions from a “neutral” rating to an “underweight” rating and set a $45.00 price target for the company. in a research report on Tuesday, August 14th. Craig Hallum set a $26.00 price target on MACOM Technology Solutions and gave the stock an “in-line” rating in a research report on Wednesday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $34.00 price target on shares of MACOM Technology Solutions in a research report on Wednesday, August 1st. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.79.

The company has a debt-to-equity ratio of 1.01, a current ratio of 4.97 and a quick ratio of 3.62. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 2.20 and a beta of 2.11.

Several institutional investors have recently made changes to their positions in MTSI. Flagship Harbor Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at $166,000. Suntrust Banks Inc. acquired a new stake in shares of MACOM Technology Solutions in the first quarter valued at $195,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at $204,000. Teacher Retirement System of Texas acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at $211,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at $420,000. Institutional investors and hedge funds own 89.19% of the company’s stock.

MACOM Technology Solutions Company Profile (NASDAQ:MTSI)

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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