MACOM Technology Solutions (MTSI) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a strong sell rating to a sell rating in a report issued on Saturday.

MTSI has been the subject of several other reports. JPMorgan Chase & Co. cut shares of MACOM Technology Solutions from a neutral rating to an underweight rating and set a $45.00 target price for the company. in a research report on Tuesday, August 14th. ValuEngine upgraded shares of MACOM Technology Solutions from a hold rating to a buy rating in a research note on Thursday. Bank of America increased their price target on shares of MACOM Technology Solutions from $18.00 to $19.00 and gave the stock an underperform rating in a research note on Wednesday, August 1st. Barclays decreased their price target on shares of MACOM Technology Solutions from $26.00 to $18.00 and set an equal weight rating for the company in a research note on Tuesday, October 23rd. Finally, Needham & Company LLC reiterated a buy rating and issued a $34.00 price target on shares of MACOM Technology Solutions in a research note 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 company has a consensus rating of Hold and an average price target of $28.79.

Shares of NASDAQ:MTSI traded up $0.63 on Friday, hitting $16.53. The company had a trading volume of 1,118,766 shares, compared to its average volume of 948,712. MACOM Technology Solutions has a 1 year low of $13.07 and a 1 year high of $39.28. The company has a current ratio of 4.97, a quick ratio of 3.62 and a debt-to-equity ratio of 1.01. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 236.14, a P/E/G ratio of 2.20 and a beta of 2.11.

A number of large investors have recently added to or reduced their stakes in MTSI. Yiheng Capital LLC increased its stake in MACOM Technology Solutions by 127.0% during the 2nd quarter. Yiheng Capital LLC now owns 1,911,009 shares of the semiconductor company’s stock valued at $44,030,000 after purchasing an additional 1,069,069 shares in the last quarter. Royce & Associates LP bought a new stake in MACOM Technology Solutions during the 2nd quarter valued at about $14,022,000. BlackRock Inc. increased its stake in MACOM Technology Solutions by 18.1% during the 2nd quarter. BlackRock Inc. now owns 2,949,740 shares of the semiconductor company’s stock valued at $67,961,000 after purchasing an additional 451,605 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in MACOM Technology Solutions by 135.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 735,408 shares of the semiconductor company’s stock valued at $12,208,000 after purchasing an additional 423,592 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in MACOM Technology Solutions during the 2nd quarter valued at about $3,371,000. Institutional investors and hedge funds own 89.19% of the company’s stock.

MACOM Technology Solutions Company Profile

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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Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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