MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the stock. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $48.67.
Several analysts have recently commented on MTSI shares. Barclays PLC reiterated a “buy” rating and issued a $52.00 target price on shares of MACOM Technology Solutions Holdings in a report on Friday, January 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 target price (up previously from $52.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, February 1st. Needham & Company LLC increased their target price on shares of MACOM Technology Solutions Holdings from $49.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Finally, Zacks Investment Research upgraded shares of MACOM Technology Solutions Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 18th.
In other news, Director Lunsen Gil J. Van sold 1,000 shares of the stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $46.83, for a total value of $46,830.00. Following the completion of the sale, the director now owns 16,916 shares in the company, valued at $792,176.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 57.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in MTSI. CG Asset Management LLC purchased a new stake in shares of MACOM Technology Solutions Holdings during the third quarter valued at approximately $2,261,000. Neuberger Berman Group LLC increased its stake in shares of MACOM Technology Solutions Holdings by 9.4% in the third quarter. Neuberger Berman Group LLC now owns 1,070,189 shares of the company’s stock valued at $45,312,000 after buying an additional 91,829 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of MACOM Technology Solutions Holdings during the third quarter valued at approximately $1,165,000. Russell Investments Group Ltd. bought a new position in MACOM Technology Solutions Holdings during the fourth quarter valued at $9,356,000. Finally, Magee Thomson Investment Partners LLC raised its position in MACOM Technology Solutions Holdings by 25.1% in the third quarter. Magee Thomson Investment Partners LLC now owns 300,300 shares of the company’s stock valued at $12,715,000 after buying an additional 60,300 shares during the last quarter. Institutional investors own 61.02% of the company’s stock.
Shares of MACOM Technology Solutions Holdings (NASDAQ:MTSI) opened at 44.97 on Monday. MACOM Technology Solutions Holdings has a 52 week low of $29.56 and a 52 week high of $53.80. The firm has a market cap of $2.85 billion, a PE ratio of 149.90 and a beta of 1.52. The firm has a 50-day moving average of $46.52 and a 200 day moving average of $44.65.
MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, January 31st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. MACOM Technology Solutions Holdings had a net margin of 2.76% and a return on equity of 19.84%. The firm had revenue of $151.80 million for the quarter, compared to the consensus estimate of $152.01 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. Equities research analysts predict that MACOM Technology Solutions Holdings will post $2.64 EPS for the current fiscal year.
About MACOM Technology Solutions Holdings
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.
Receive News & Ratings for MACOM Technology Solutions Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.