MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Chairman John L. Ocampo acquired 60,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $13.26 per share, for a total transaction of $795,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ MTSI traded up $0.45 during midday trading on Thursday, reaching $13.84. The company had a trading volume of 22,858 shares, compared to its average volume of 1,455,819. The stock has a market cap of $893.53 million, a P/E ratio of 98.93 and a beta of 2.22. MACOM Technology Solutions Holdings Inc has a 1 year low of $12.33 and a 1 year high of $25.92. The company has a current ratio of 5.01, a quick ratio of 3.66 and a debt-to-equity ratio of 1.11.
MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.09. The business had revenue of $128.47 million during the quarter, compared to analysts’ expectations of $121.06 million. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. The business’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.13 earnings per share. As a group, sell-side analysts forecast that MACOM Technology Solutions Holdings Inc will post -0.5 earnings per share for the current year.
A number of equities analysts have recently issued reports on MTSI shares. BidaskClub upgraded shares of MACOM Technology Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 27th. ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. Craig Hallum cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and decreased their target price for the company from $23.00 to $19.00 in a research report on Wednesday, February 6th. Needham & Company LLC decreased their target price on shares of MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, February 6th. Finally, Zacks Investment Research raised shares of MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.40.
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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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