Today, MACOM Technology Solutions Holdings Inc (MTSI) Decreased to “Strong Sell” at The Zacks Investment Research

Today, MACOM Technology Solutions Holdings Inc (MTSI) Decreased to “Strong Sell” at The Zacks Investment Research

Zacks Investment Research downgraded shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) from a hold rating to a strong sell rating in a research report released on Wednesday morning.

According to Zacks, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts. “

Several other equities research analysts also recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions Holdings from $50.00 to $52.00 and gave the stock a buy rating in a research note on Wednesday, November 16th. Jefferies Group reaffirmed a buy rating on shares of MACOM Technology Solutions Holdings in a research note on Thursday, September 8th. Needham & Company LLC reaffirmed a buy rating on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, November 16th. Goldman Sachs Group Inc. downgraded shares of MACOM Technology Solutions Holdings from a buy rating to a neutral rating and set a $41.00 price target on the stock. in a research note on Tuesday, September 20th. Finally, Barclays PLC reaffirmed a buy rating and set a $44.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $46.39.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) opened at 49.00 on Wednesday. MACOM Technology Solutions Holdings has a 1-year low of $29.56 and a 1-year high of $49.07. The firm’s 50 day moving average price is $40.52 and its 200-day moving average price is $38.77. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 2041.67 and a beta of 1.39.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, November 15th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.02. MACOM Technology Solutions Holdings had a return on equity of 17.23% and a net margin of 0.26%. The firm had revenue of $152.70 million for the quarter. During the same quarter last year, the business earned $0.34 earnings per share. MACOM Technology Solutions Holdings’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, equities analysts anticipate that MACOM Technology Solutions Holdings will post $2.56 earnings per share for the current year.

In other news, SVP Donghyun Thomas Hwang sold 8,650 shares of MACOM Technology Solutions Holdings stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $47.70, for a total value of $412,605.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lunsen Gil J. Van sold 1,000 shares of MACOM Technology Solutions Holdings stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $41.06, for a total transaction of $41,060.00. Following the completion of the transaction, the director now directly owns 20,916 shares of the company’s stock, valued at $858,810.96. The disclosure for this sale can be found here. 57.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MTSI. Fifth Third Bancorp raised its position in MACOM Technology Solutions Holdings by 14.3% in the second quarter. Fifth Third Bancorp now owns 3,896 shares of the company’s stock valued at $128,000 after buying an additional 486 shares during the period. Teacher Retirement System of Texas raised its position in MACOM Technology Solutions Holdings by 55.4% in the second quarter. Teacher Retirement System of Texas now owns 4,041 shares of the company’s stock valued at $133,000 after buying an additional 1,441 shares during the period. BlackRock Inc. raised its position in MACOM Technology Solutions Holdings by 349.0% in the second quarter. BlackRock Inc. now owns 6,227 shares of the company’s stock valued at $206,000 after buying an additional 4,840 shares during the period. LaSalle Street Capital Management LLC acquired a new position in MACOM Technology Solutions Holdings during the second quarter valued at approximately $225,000. Finally, Scout Investments Inc. acquired a new position in MACOM Technology Solutions Holdings during the third quarter valued at approximately $237,000. 72.49% of the stock is owned by institutional investors and hedge funds.

About MACOM Technology Solutions Holdings

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

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