Barclays downgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from an overweight rating to an equal weight rating in a report published on Wednesday.

Several other brokerages have also commented on MTSI. Needham & Company LLC reiterated a buy rating and issued a $45.00 price target (down from $56.00) on shares of MACOM Technology Solutions in a research note on Tuesday, October 17th. ValuEngine upgraded shares of MACOM Technology Solutions from a hold rating to a buy rating in a research report on Sunday, December 31st. DA Davidson lowered their target price on shares of MACOM Technology Solutions from $43.00 to $32.00 and set a buy rating on the stock in a research report on Wednesday. Jefferies Group set a $61.00 target price on shares of MACOM Technology Solutions and gave the stock a buy rating in a research report on Wednesday, October 18th. Finally, BidaskClub upgraded shares of MACOM Technology Solutions from a hold rating to a buy rating in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $38.00.

MACOM Technology Solutions (NASDAQ MTSI) opened at $18.92 on Wednesday. The company has a market cap of $1,290.00, a P/E ratio of -7.03, a price-to-earnings-growth ratio of 0.92 and a beta of 1.14. MACOM Technology Solutions has a one year low of $17.84 and a one year high of $65.99. The company has a quick ratio of 3.64, a current ratio of 5.70 and a debt-to-equity ratio of 0.89.

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

In other news, CEO John Croteau sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.94, for a total transaction of $63,880.00. Following the transaction, the chief executive officer now directly owns 149,219 shares in the company, valued at $4,766,054.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 4,750 shares of company stock worth $158,518. Insiders own 32.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 6.6% during the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 143 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of MACOM Technology Solutions by 32.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 864 shares during the period. ProShare Advisors LLC acquired a new stake in shares of MACOM Technology Solutions during the second quarter worth $200,000. Prudential Financial Inc. acquired a new stake in shares of MACOM Technology Solutions during the second quarter worth $236,000. Finally, SG Americas Securities LLC acquired a new stake in shares of MACOM Technology Solutions during the third quarter worth $194,000. 84.33% of the stock is owned by hedge funds and other 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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