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

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

Several other research analysts have also recently issued reports on MTSI. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research report on Wednesday, April 9th. Bank of America boosted their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Stifel Nicolaus cut their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Barclays raised their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Benchmark restated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $136.40.

MACOM Technology Solutions Trading Up 0.4%

Shares of MACOM Technology Solutions stock traded up $0.51 on Friday, hitting $137.14. The stock had a trading volume of 198,376 shares, compared to its average volume of 663,444. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of -112.49, a PEG ratio of 2.63 and a beta of 1.43. The stock's 50-day simple moving average is $129.06 and its two-hundred day simple moving average is $120.77. MACOM Technology Solutions has a one year low of $84.00 and a one year high of $152.50.

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

Insider Buying and Selling

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $125.65, for a total transaction of $282,712.50. Following the completion of the transaction, the chief financial officer owned 47,128 shares in the company, valued at approximately $5,921,633.20. This represents a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan Ocampo sold 300,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $123.58, for a total value of $37,074,000.00. Following the transaction, the director owned 4,377,764 shares of the company's stock, valued at approximately $541,004,075.12. This trade represents a 6.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 454,227 shares of company stock worth $56,118,317 over the last ninety days. Insiders own 16.30% of the company's stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Large investors have recently modified their holdings of the business. Sowell Financial Services LLC raised its holdings in MACOM Technology Solutions by 3.9% in the 2nd quarter. Sowell Financial Services LLC now owns 2,135 shares of the semiconductor company's stock valued at $306,000 after acquiring an additional 80 shares during the period. Russell Investments Group Ltd. boosted its position in shares of MACOM Technology Solutions by 1.4% during the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock worth $930,000 after acquiring an additional 100 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of MACOM Technology Solutions by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock worth $174,000 after acquiring an additional 101 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of MACOM Technology Solutions by 17.9% during the 2nd quarter. Fifth Third Bancorp now owns 757 shares of the semiconductor company's stock worth $108,000 after acquiring an additional 115 shares in the last quarter. Finally, State of Wyoming boosted its position in MACOM Technology Solutions by 8.2% in the first quarter. State of Wyoming now owns 1,635 shares of the semiconductor company's stock valued at $164,000 after buying an additional 124 shares in the last quarter. 76.14% of the stock is currently 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 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.