MACOM Technology Solutions (NASDAQ:MTSI) Receives “Buy” Rating from Northland Securities

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Northland Securities restated their buy rating on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a research note issued to investors on Friday, AnalystRatings.com reports. Northland Securities currently has a $22.50 target price on the semiconductor company’s stock.

MTSI has been the topic of a number of other research reports. Jefferies Financial Group downgraded MACOM Technology Solutions from a buy rating to a hold rating and lowered their price target for the stock from $18.00 to $15.00 in a research report on Wednesday, April 24th. Needham & Company LLC reiterated a buy rating and set a $17.00 price target (down previously from $20.00) on shares of MACOM Technology Solutions in a research report on Wednesday, June 19th. Evercore ISI downgraded MACOM Technology Solutions from an outperform rating to an inline rating in a research report on Thursday, April 25th. Zacks Investment Research downgraded MACOM Technology Solutions from a hold rating to a sell rating in a research report on Tuesday, April 16th. Finally, Craig Hallum upgraded MACOM Technology Solutions from a hold rating to a buy rating and set a $25.00 price target on the stock in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $17.95.

MACOM Technology Solutions stock opened at $20.02 on Friday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 143.00 and a beta of 1.94. MACOM Technology Solutions has a 52 week low of $12.33 and a 52 week high of $24.11. The business’s 50-day moving average is $16.59. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.66 and a current ratio of 5.01.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, August 1st. The semiconductor company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.13. The firm had revenue of $108.30 million for the quarter, compared to analyst estimates of $108.20 million. MACOM Technology Solutions had a negative return on equity of 6.74% and a negative net margin of 76.27%. MACOM Technology Solutions’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. On average, sell-side analysts anticipate that MACOM Technology Solutions will post -1 earnings per share for the current fiscal year.

In other news, Chairman John L. Ocampo bought 60,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $13.26 per share, for a total transaction of $795,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John L. Ocampo bought 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $13.30 per share, for a total transaction of $1,330,000.00. The disclosure for this purchase can be found here. Company insiders own 32.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pearl River Capital LLC lifted its position in shares of MACOM Technology Solutions by 495.0% in the first quarter. Pearl River Capital LLC now owns 2,600 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 2,163 shares in the last quarter. Aperio Group LLC purchased a new position in shares of MACOM Technology Solutions in the second quarter valued at approximately $49,000. Quantamental Technologies LLC purchased a new position in shares of MACOM Technology Solutions in the first quarter valued at approximately $80,000. FNY Investment Advisers LLC purchased a new position in MACOM Technology Solutions during the first quarter worth approximately $125,000. Finally, Flagship Harbor Advisors LLC lifted its position in MACOM Technology Solutions by 167.9% during the first quarter. Flagship Harbor Advisors LLC now owns 9,832 shares of the semiconductor company’s stock worth $164,000 after buying an additional 6,162 shares in the last quarter. Institutional investors and hedge funds own 74.79% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

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Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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