Jefferies Financial Group Downgrades MACOM Technology Solutions (MTSI) to Hold

MACOM Technology Solutions (NASDAQ:MTSI) was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Wednesday, The Fly reports.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Northland Securities reissued a “buy” rating and set a $25.00 target price on shares of MACOM Technology Solutions in a research report on Friday, April 12th. ValuEngine lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Goldman Sachs Group lowered shares of MACOM Technology Solutions from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $14.00 to $15.00 in a research report on Wednesday, March 27th. Finally, BidaskClub lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. MACOM Technology Solutions has a consensus rating of “Hold” and a consensus target price of $19.82.

MACOM Technology Solutions stock traded down $0.36 on Wednesday, reaching $15.85. 2,608,938 shares of the stock were exchanged, compared to its average volume of 594,911. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 113.21, a P/E/G ratio of 11.09 and a beta of 2.35. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.93 and a quick ratio of 3.63. MACOM Technology Solutions has a twelve month low of $13.07 and a twelve month high of $25.92.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. The firm had revenue of $150.69 million during the quarter, compared to analyst estimates of $153.14 million. MACOM Technology Solutions had a negative net margin of 23.86% and a positive return on equity of 1.78%. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. As a group, sell-side analysts expect that MACOM Technology Solutions will post 0.08 earnings per share for the current year.

In other news, SVP Vivek Rajgarhia sold 3,949 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $17.95, for a total transaction of $70,884.55. Following the transaction, the senior vice president now owns 91,217 shares in the company, valued at approximately $1,637,345.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Croteau sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $17.08, for a total transaction of $68,320.00. Following the transaction, the insider now owns 136,777 shares in the company, valued at approximately $2,336,151.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,492 shares of company stock worth $186,622. Insiders own 32.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Yiheng Capital LLC increased its stake in MACOM Technology Solutions by 43.8% in the fourth quarter. Yiheng Capital LLC now owns 2,748,749 shares of the semiconductor company’s stock valued at $39,884,000 after acquiring an additional 837,740 shares during the period. D. E. Shaw & Co. Inc. increased its stake in MACOM Technology Solutions by 203.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,043,898 shares of the semiconductor company’s stock valued at $15,147,000 after acquiring an additional 699,946 shares during the period. Royce & Associates LP grew its stake in MACOM Technology Solutions by 17.8% during the fourth quarter. Royce & Associates LP now owns 1,006,943 shares of the semiconductor company’s stock worth $14,611,000 after buying an additional 152,168 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in MACOM Technology Solutions during the fourth quarter worth about $1,940,000. Finally, Vanguard Group Inc grew its stake in MACOM Technology Solutions by 2.9% during the third quarter. Vanguard Group Inc now owns 4,015,004 shares of the semiconductor company’s stock worth $82,709,000 after buying an additional 111,797 shares during the last quarter. Institutional investors own 76.30% 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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