MACOM Technology Solutions (MTSI) Downgraded to Strong Sell at BidaskClub

BidaskClub cut shares of MACOM Technology Solutions (NASDAQ:MTSI) from a sell rating to a strong sell rating in a research report released on Saturday morning.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus cut MACOM Technology Solutions from a hold rating to a sell rating and lowered their price objective for the stock from $22.00 to $20.00 in a research report on Wednesday, September 12th. JPMorgan Chase & Co. cut MACOM Technology Solutions from a neutral rating to an underweight rating and set a $45.00 price target for the company. in a research report on Tuesday, August 14th. Needham & Company LLC reaffirmed a buy rating and set a $34.00 price target on shares of MACOM Technology Solutions in a research report on Wednesday, August 1st. Craig Hallum set a $26.00 price target on MACOM Technology Solutions and gave the stock an in-line rating in a research report on Wednesday, August 1st. Finally, Barclays lowered their price target on MACOM Technology Solutions from $26.00 to $18.00 and set an equal weight rating for the company in a research report on Tuesday, October 23rd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $28.79.

Shares of MACOM Technology Solutions stock traded down $0.69 during trading on Friday, reaching $13.59. The company’s stock had a trading volume of 934,179 shares, compared to its average volume of 777,641. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.97 and a quick ratio of 3.62. The stock has a market capitalization of $885.57 million, a price-to-earnings ratio of 7.23, a PEG ratio of 1.81 and a beta of 1.77. MACOM Technology Solutions has a 1-year low of $13.07 and a 1-year high of $41.44.



MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. The firm had revenue of $137.87 million during the quarter, compared to analysts’ expectations of $146.71 million. MACOM Technology Solutions had a positive return on equity of 3.33% and a negative net margin of 22.92%. The business’s quarterly revenue was down 29.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. On average, equities research analysts anticipate that MACOM Technology Solutions will post 0.03 earnings per share for the current fiscal year.

In related news, Chairman John L. Ocampo acquired 97,800 shares of MACOM Technology Solutions stock in a transaction on Friday, August 3rd. The stock was acquired at an average price of $20.95 per share, for a total transaction of $2,048,910.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Croteau sold 4,000 shares of MACOM Technology Solutions stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $21.05, for a total value of $84,200.00. Following the transaction, the insider now owns 115,118 shares of the company’s stock, valued at approximately $2,423,233.90. The disclosure for this sale can be found here. Insiders own 32.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTSI. Flagship Harbor Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $166,000. Suntrust Banks Inc. purchased a new position in shares of MACOM Technology Solutions during the 1st quarter valued at about $195,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $204,000. Teacher Retirement System of Texas purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $211,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $420,000. Institutional investors and hedge funds own 89.20% 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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