MACOM Technology Solutions (MTSI) Hits New 52-Week Low at $16.78

MACOM Technology Solutions (NASDAQ:MTSI)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $16.78 and last traded at $16.78, with a volume of 1525077 shares. The stock had previously closed at $17.72.

MTSI has been the subject of a number of recent research reports. Zacks Investment Research raised shares of 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 note on Wednesday, January 17th. DA Davidson raised shares of MACOM Technology Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $43.00 in a research note on Friday, January 5th. ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Finally, Craig Hallum dropped their price objective on shares of MACOM Technology Solutions from $46.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. MACOM Technology Solutions currently has a consensus rating of “Hold” and a consensus price target of $36.77.

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The firm has a market capitalization of $1,141.27, a P/E ratio of -4.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.70 and a quick ratio of 4.00.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). MACOM Technology Solutions had a positive return on equity of 10.35% and a negative net margin of 28.19%. The firm had revenue of $130.93 million for the quarter, compared to analysts’ expectations of $132.91 million. During the same period in the prior year, the firm posted $0.57 earnings per share. MACOM Technology Solutions’s revenue for the quarter was down 13.7% on a year-over-year basis. equities analysts anticipate that MACOM Technology Solutions will post -0.06 EPS for the current fiscal year.

In other news, SVP Robert Dennehy purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $20.43 per share, with a total value of $204,300.00. Following the purchase, the senior vice president now owns 66,556 shares in the company, valued at $1,359,739.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average cost of $21.70 per share, with a total value of $54,250.00. Following the completion of the purchase, the senior vice president now owns 35,501 shares in the company, valued at approximately $770,371.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 2,750 shares of company stock valued at $91,765. 32.20% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its stake in shares of MACOM Technology Solutions by 7.2% during the 4th quarter. California Public Employees Retirement System now owns 25,378 shares of the semiconductor company’s stock worth $826,000 after purchasing an additional 1,700 shares during the period. US Bancorp DE boosted its stake in shares of MACOM Technology Solutions by 40.0% during the 4th quarter. US Bancorp DE now owns 6,319 shares of the semiconductor company’s stock worth $206,000 after purchasing an additional 1,806 shares during the period. American International Group Inc. lifted its holdings in MACOM Technology Solutions by 8.1% during the 3rd quarter. American International Group Inc. now owns 27,197 shares of the semiconductor company’s stock valued at $1,213,000 after buying an additional 2,033 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in MACOM Technology Solutions by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 256,614 shares of the semiconductor company’s stock valued at $11,447,000 after buying an additional 2,209 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in MACOM Technology Solutions by 3.5% during the 4th quarter. Swiss National Bank now owns 71,050 shares of the semiconductor company’s stock valued at $2,312,000 after buying an additional 2,400 shares in the last quarter. 90.36% of the stock is owned by hedge funds and other institutional investors.

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About MACOM Technology Solutions

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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