JPMorgan Chase & Co. cut shares of MACOM Technology Solutions (NASDAQ:MTSI) from a neutral rating to an underweight rating in a research report released on Tuesday morning, Marketbeat reports. The brokerage currently has $45.00 price target on the semiconductor company’s stock.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $18.00 to $22.00 and gave the company a hold rating in a research note on Thursday, July 19th. BidaskClub downgraded shares of MACOM Technology Solutions from a hold rating to a sell rating in a research note on Wednesday, August 1st. Bank of America upped their target price on shares of MACOM Technology Solutions from $18.00 to $19.00 and gave the company an underperform rating in a research note on Wednesday, August 1st. ValuEngine downgraded shares of MACOM Technology Solutions from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Finally, Needham & Company LLC restated a buy rating and issued a $34.00 target price on shares of MACOM Technology Solutions in a research note on Wednesday, August 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $32.53.

MACOM Technology Solutions stock opened at $21.89 on Tuesday. MACOM Technology Solutions has a 52-week low of $15.46 and a 52-week high of $46.33. The firm has a market capitalization of $1.52 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 40.17 and a beta of 1.66. The company has a quick ratio of 3.62, a current ratio of 4.97 and a debt-to-equity ratio of 1.01.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. MACOM Technology Solutions had a negative net margin of 22.92% and a positive return on equity of 3.33%. The company had revenue of $137.87 million during the quarter, compared to analyst estimates of $146.71 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The business’s quarterly revenue was down 29.1% compared to the same quarter last year. research analysts anticipate that MACOM Technology Solutions will post 0.03 EPS for the current fiscal year.

In other MACOM Technology Solutions news, SVP Vivek Rajgarhia sold 3,000 shares of the stock in a transaction on Friday, May 25th. The shares were sold at an average price of $22.55, for a total transaction of $67,650.00. Following the transaction, the senior vice president now directly owns 83,038 shares in the company, valued at approximately $1,872,506.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John L. Ocampo acquired 30,700 shares of MACOM Technology Solutions stock in a transaction on Thursday, May 24th. The shares were bought at an average price of $22.00 per share, for a total transaction of $675,400.00. The disclosure for this purchase can be found here. Insiders have sold a total of 7,750 shares of company stock worth $168,860 over the last quarter. 32.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Yiheng Capital LLC boosted its stake in MACOM Technology Solutions by 127.0% during the 2nd quarter. Yiheng Capital LLC now owns 1,911,009 shares of the semiconductor company’s stock valued at $44,030,000 after acquiring an additional 1,069,069 shares during the last quarter. Putnam Investments LLC bought a new position in MACOM Technology Solutions during the 2nd quarter valued at $1,903,000. Millennium Management LLC bought a new position in MACOM Technology Solutions during the 2nd quarter valued at $3,371,000. Flagship Harbor Advisors LLC bought a new position in MACOM Technology Solutions during the 2nd quarter valued at $166,000. Finally, Advisors Capital Management LLC boosted its stake in MACOM Technology Solutions by 79.1% during the 2nd quarter. Advisors Capital Management LLC now owns 258,292 shares of the semiconductor company’s stock valued at $5,951,000 after acquiring an additional 114,070 shares during the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.

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Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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