MACOM Technology Solutions (MTSI) Given a $23.00 Price Target at Northland Securities

MACOM Technology Solutions (NASDAQ:MTSI) received a $23.00 price target from analysts at Northland Securities in a report released on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Northland Securities’ price target suggests a potential upside of 73.98% from the stock’s previous close.

MTSI has been the topic of several other research reports. Zacks Investment Research cut shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. BidaskClub cut shares of MACOM Technology Solutions from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Craig Hallum cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and decreased their target price for the stock from $23.00 to $19.00 in a research note on Wednesday, February 6th. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of MACOM Technology Solutions in a research note on Thursday, April 25th. Finally, DA Davidson cut shares of MACOM Technology Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $16.00 in a research note on Thursday, April 25th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.40.

Shares of NASDAQ:MTSI traded down $0.93 during trading on Monday, hitting $13.22. The company’s stock had a trading volume of 905,208 shares, compared to its average volume of 748,277. MACOM Technology Solutions has a 12 month low of $12.33 and a 12 month high of $25.92. The company has a quick ratio of 3.66, a current ratio of 5.01 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $929.65 million, a PE ratio of 94.43 and a beta of 2.22.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.09. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. The firm had revenue of $128.47 million for the quarter, compared to analysts’ expectations of $121.06 million. During the same quarter in the prior year, the business earned $0.13 EPS. The business’s quarterly revenue was down 14.6% on a year-over-year basis. Analysts expect that MACOM Technology Solutions will post -0.5 earnings per share for the current fiscal year.

In other MACOM Technology Solutions news, SVP Vivek Rajgarhia sold 1,782 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $18.41, for a total transaction of $32,806.62. Following the sale, the senior vice president now owns 89,435 shares in the company, valued at approximately $1,646,498.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 6,492 shares of company stock worth $118,302. 32.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in MACOM Technology Solutions by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,015,004 shares of the semiconductor company’s stock valued at $82,709,000 after buying an additional 111,797 shares in the last quarter. BlackRock Inc. grew its holdings in MACOM Technology Solutions by 1.1% during the 1st quarter. BlackRock Inc. now owns 3,112,683 shares of the semiconductor company’s stock valued at $52,012,000 after buying an additional 34,998 shares in the last quarter. Yiheng Capital LLC grew its holdings in MACOM Technology Solutions by 43.8% during the 4th quarter. Yiheng Capital LLC now owns 2,748,749 shares of the semiconductor company’s stock valued at $39,884,000 after buying an additional 837,740 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in MACOM Technology Solutions by 10.7% during the 1st quarter. Neuberger Berman Group LLC now owns 1,551,959 shares of the semiconductor company’s stock valued at $25,928,000 after buying an additional 149,536 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in MACOM Technology Solutions by 203.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,043,898 shares of the semiconductor company’s stock valued at $15,147,000 after buying an additional 699,946 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Company Profile

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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