MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) fell 6.9% during trading on Thursday . The company traded as low as $34.34 and last traded at $34.47. 1,569,050 shares changed hands during mid-day trading, an increase of 76% from the average session volume of 889,700 shares. The stock had previously closed at $37.01.

A number of brokerages recently commented on MTSI. Bank of America downgraded shares of MACOM Technology Solutions from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 15th. Craig Hallum restated a “buy” rating and issued a $54.00 price objective on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. reduced their price objective on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Finally, DA Davidson upgraded shares of MACOM Technology Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the company from $32.00 to $43.00 in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. MACOM Technology Solutions presently has an average rating of “Buy” and a consensus target price of $43.00.

The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.64 and a current ratio of 4.81. The company has a market capitalization of $2,219.93, a price-to-earnings ratio of 20.28, a PEG ratio of 1.54 and a beta of 1.32.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The company had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $171.80 million. During the same period last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. research analysts anticipate that MACOM Technology Solutions Holdings Inc will post 1.01 EPS for the current fiscal year.

In other MACOM Technology Solutions news, CEO John Croteau sold 2,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $31.94, for a total value of $63,880.00. Following the completion of the transaction, the chief executive officer now directly owns 149,219 shares of the company’s stock, valued at $4,766,054.86. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 4,750 shares of company stock valued at $159,993. 42.30% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MACOM Technology Solutions by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 199 shares in the last quarter. Advisor Group Inc. increased its holdings in MACOM Technology Solutions by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 143 shares in the last quarter. BT Investment Management Ltd purchased a new position in MACOM Technology Solutions in the second quarter valued at about $162,000. Ameritas Investment Partners Inc. increased its holdings in MACOM Technology Solutions by 32.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock valued at $199,000 after buying an additional 864 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $200,000. 88.18% of the stock is owned by institutional investors.

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MACOM Technology Solutions Company Profile

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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