MACOM Technology Solutions (NASDAQ:MTSI) Lowered to Hold Rating by Wall Street Zen

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Other analysts also recently issued reports about the stock. Truist Financial upped their price objective on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Bank of America upped their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday, May 9th. Stifel Nicolaus decreased their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and an average target price of $136.40.

MACOM Technology Solutions Stock Down 0.7%

MACOM Technology Solutions stock opened at $136.20 on Friday. The firm has a market cap of $10.13 billion, a PE ratio of -111.64, a P/E/G ratio of 2.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56. The firm's 50 day moving average price is $129.06 and its two-hundred day moving average price is $120.97. MACOM Technology Solutions has a twelve month low of $84.00 and a twelve month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. The firm had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. The company's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 EPS. On average, research analysts predict that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 104,449 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $123.98, for a total value of $12,949,587.02. Following the completion of the sale, the director owned 4,118,621 shares in the company, valued at approximately $510,626,631.58. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen G. Daly sold 2,380 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $125.70, for a total transaction of $299,166.00. Following the completion of the transaction, the chief executive officer directly owned 24,573 shares in the company, valued at $3,088,826.10. This trade represents a 8.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 454,227 shares of company stock worth $56,118,317 over the last ninety days. Company insiders own 16.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Fulton Bank N.A. boosted its stake in MACOM Technology Solutions by 6.1% during the 2nd quarter. Fulton Bank N.A. now owns 5,372 shares of the semiconductor company's stock worth $770,000 after acquiring an additional 311 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in MACOM Technology Solutions during the second quarter valued at approximately $265,000. Silverberg Bernstein Capital Management LLC grew its holdings in MACOM Technology Solutions by 48.7% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 110,042 shares of the semiconductor company's stock valued at $15,768,000 after purchasing an additional 36,029 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in MACOM Technology Solutions by 51.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 522 shares of the semiconductor company's stock valued at $75,000 after purchasing an additional 178 shares during the period. Finally, Parallel Advisors LLC grew its holdings in MACOM Technology Solutions by 102.9% during the second quarter. Parallel Advisors LLC now owns 1,124 shares of the semiconductor company's stock valued at $161,000 after purchasing an additional 570 shares during the period. Institutional investors own 76.14% of the company's stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.

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