MACOM Technology Solutions (NASDAQ:MTSI) had its price objective decreased by Bank of America from $30.00 to $25.00 in a report released on Wednesday. Bank of America currently has an underperform rating on the semiconductor company’s stock.

A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of MACOM Technology Solutions from a hold rating to a strong sell rating in a report on Thursday, October 19th. ValuEngine upgraded shares of MACOM Technology Solutions from a hold rating to a buy rating in a research note on Monday, December 11th. Barclays lowered their price target on shares of MACOM Technology Solutions from $63.00 to $50.00 and set an overweight rating on the stock in a research note on Wednesday, October 18th. BidaskClub lowered shares of MACOM Technology Solutions from a buy rating to a hold rating in a research note on Saturday, January 20th. Finally, Stifel Nicolaus lowered shares of MACOM Technology Solutions from a buy rating to a hold rating and lowered their price target for the company from $57.00 to $43.00 in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $38.00.

Shares of MACOM Technology Solutions (NASDAQ:MTSI) opened at $18.92 on Wednesday. MACOM Technology Solutions has a twelve month low of $17.84 and a twelve month high of $65.99. The company has a current ratio of 5.70, a quick ratio of 3.64 and a debt-to-equity ratio of 0.89. The company has a market cap of $1,149.64, a price-to-earnings ratio of -5.38, a P/E/G ratio of 0.92 and a beta of 1.14.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). MACOM Technology Solutions had a positive return on equity of 10.35% and a negative net margin of 28.19%. The company had revenue of $130.93 million for the quarter, compared to analyst estimates of $132.91 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue was down 13.7% on a year-over-year basis. analysts predict that MACOM Technology Solutions will post 1.04 EPS for the current year.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $35.05, for a total value of $70,100.00. Following the sale, the insider now directly owns 147,219 shares in the company, valued at approximately $5,160,025.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 4,750 shares of company stock worth $158,518 over the last quarter. Company insiders own 32.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. grew its position in shares of MACOM Technology Solutions by 6.6% in the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 143 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of MACOM Technology Solutions by 6.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,799 shares of the semiconductor company’s stock valued at $435,000 after acquiring an additional 503 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of MACOM Technology Solutions by 32.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock valued at $199,000 after acquiring an additional 864 shares during the period. Principal Financial Group Inc. grew its position in shares of MACOM Technology Solutions by 27.0% in the 2nd quarter. Principal Financial Group Inc. now owns 5,641 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 1,198 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in shares of MACOM Technology Solutions by 4.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,015 shares of the semiconductor company’s stock valued at $2,064,000 after acquiring an additional 1,608 shares during the period. 84.33% of the stock is owned by institutional investors.

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About MACOM Technology Solutions

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.

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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