MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) gapped up before the market opened on Monday . The stock had previously closed at $19.59, but opened at $18.92. MACOM Technology Solutions shares last traded at $18.92, with a volume of 3898000 shares changing hands.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus decreased their price target on MACOM Technology Solutions from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, February 6th. DA Davidson decreased their price target on MACOM Technology Solutions from $43.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. BidaskClub cut MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Barclays cut MACOM Technology Solutions from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Zacks Investment Research cut MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. MACOM Technology Solutions has a consensus rating of “Hold” and a consensus price target of $38.00.

The company has a quick ratio of 4.00, a current ratio of 5.70 and a debt-to-equity ratio of 0.89. The firm has a market cap of $1,218.56, a PE ratio of -5.37, a price-to-earnings-growth ratio of 4.56 and a beta of 1.14.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share 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 the consensus estimate of $132.91 million. MACOM Technology Solutions had a positive return on equity of 10.35% and a negative net margin of 28.19%. The firm’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. research analysts expect that MACOM Technology Solutions Holdings Inc will post 0.22 earnings per share for the current fiscal year.

In related news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 147,219 shares in the company, valued at $5,160,025.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 4,750 shares of company stock worth $158,518. 32.20% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. increased its position in shares of MACOM Technology Solutions by 6.6% in 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 last quarter. SG Americas Securities LLC bought a new position in MACOM Technology Solutions during the third quarter valued at approximately $194,000. Ameritas Investment Partners Inc. grew its position in 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 valued at $199,000 after acquiring an additional 864 shares during the last quarter. ProShare Advisors LLC bought a new position in MACOM Technology Solutions during the second quarter valued at approximately $200,000. Finally, US Bancorp DE grew its position in MACOM Technology Solutions by 40.0% during the fourth quarter. US Bancorp DE now owns 6,319 shares of the semiconductor company’s stock valued at $206,000 after acquiring an additional 1,806 shares during the last quarter. Institutional investors own 83.93% of the company’s stock.

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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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