MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Receives $18.06 Average PT from Analysts

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has received an average rating of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $18.35.

MTSI has been the topic of a number of recent research reports. Piper Jaffray Companies raised MACOM Technology Solutions from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $14.00 to $21.00 in a research report on Wednesday, July 17th. BidaskClub raised MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Craig Hallum raised MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, May 8th. DA Davidson set a $14.00 price objective on MACOM Technology Solutions and gave the company a “hold” rating in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus raised MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th.

A number of hedge funds have recently modified their holdings of the stock. Pearl River Capital LLC raised its stake in MACOM Technology Solutions by 495.0% in the first quarter. Pearl River Capital LLC now owns 2,600 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 2,163 shares during the last quarter. Aperio Group LLC purchased a new stake in MACOM Technology Solutions in the second quarter valued at about $49,000. Quantamental Technologies LLC purchased a new stake in MACOM Technology Solutions in the first quarter valued at about $80,000. FNY Investment Advisers LLC purchased a new stake in MACOM Technology Solutions in the first quarter valued at about $125,000. Finally, DekaBank Deutsche Girozentrale raised its stake in MACOM Technology Solutions by 148.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 10,771 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 6,431 shares during the last quarter. 68.67% of the stock is currently owned by institutional investors.

Shares of MTSI traded up $0.35 during midday trading on Wednesday, reaching $20.21. 263,104 shares of the stock were exchanged, compared to its average volume of 791,159. MACOM Technology Solutions has a 52 week low of $12.33 and a 52 week high of $23.71. The company has a current ratio of 4.37, a quick ratio of 3.20 and a debt-to-equity ratio of 2.29. The company’s 50 day moving average is $18.28 and its two-hundred day moving average is $16.73. The company has a market capitalization of $1.32 billion, a P/E ratio of 144.36 and a beta of 1.94.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.13. MACOM Technology Solutions had a negative return on equity of 7.79% and a negative net margin of 76.27%. The business had revenue of $108.30 million for the quarter, compared to the consensus estimate of $108.20 million. During the same quarter in the prior year, the company earned $0.13 EPS. The business’s revenue was down 21.5% compared to the same quarter last year. On average, sell-side analysts expect that MACOM Technology Solutions will post -0.76 EPS for the current year.

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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