MACOM Technology Solutions (MTSI) Lifted to “Buy” at DA Davidson

MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by stock analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued on Friday. The brokerage currently has a $43.00 price target on the semiconductor company’s stock. DA Davidson’s target price points to a potential upside of 22.37% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Needham & Company LLC cut their price target on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Jefferies Group set a $61.00 price target on MACOM Technology Solutions and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Craig Hallum reaffirmed a “buy” rating and set a $54.00 price target on shares of MACOM Technology Solutions in a research note on Tuesday, October 3rd. cut their price target on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Finally, ValuEngine raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.20.

Shares of MACOM Technology Solutions (MTSI) opened at $35.14 on Friday. MACOM Technology Solutions has a fifty-two week low of $29.73 and a fifty-two week high of $65.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64. The company has a market capitalization of $2,247.95, a price-to-earnings ratio of -11.83, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The business had revenue of $166.40 million during the quarter, compared to analyst estimates of $171.80 million. During the same period last year, the business posted $0.54 EPS. MACOM Technology Solutions’s revenue was up 9.0% compared to the same quarter last year. equities research analysts expect that MACOM Technology Solutions will post 0.95 EPS for the current year.

In related news, CEO John Croteau sold 2,000 shares of MACOM Technology Solutions stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.94, for a total transaction of $63,880.00. Following the completion of the sale, the chief executive officer now owns 149,219 shares in the company, valued at approximately $4,766,054.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 2,500 shares of company stock valued at $81,060. 42.30% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in MACOM Technology Solutions by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 199 shares in the last quarter. Advisor Group Inc. increased its position in MACOM Technology Solutions by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 143 shares in the last quarter. BT Investment Management Ltd purchased a new stake in MACOM Technology Solutions during the 2nd quarter worth about $162,000. SG Americas Securities LLC purchased a new stake in MACOM Technology Solutions during the 3rd quarter worth about $194,000. Finally, Ameritas Investment Partners Inc. grew its holdings in MACOM Technology Solutions by 32.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock valued at $199,000 after buying an additional 864 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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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.

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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