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MACOM Technology Solutions (NASDAQ: MTSI) was upgraded by equities researchers at BidaskClub from a" hold "rating to a "buy" rating in a research note issued to investors on Saturday, July 7th.
Several other equities badysts also recently weighed in on the company Zacks Investment Research downgraded MACOM Technology Solutions from a "hold" rating to a " Craig Hallum set a $ 31.00 on MACOM Technology Solutions and gave the company a "buy" rating in a report on Wednesday, May 2nd ValuEngine downgraded MACOM Technology Solutions from a "buy Rating on a "hold" rating in a report on Wednesday, May 2nd .Dav Davidson reduced their price target on MACOM Technology Solutions to $ 23.00 and set a "buy" rating for the company in a report on Monday, April 30th. St ifel Nicolaus reduced their price objec on MACOM Technology Solutions from $ 25.00 to $ 18.00 and set a "hold" rating for the company in a report on Friday, April 27th. Two research badysts have rated the value of the stock, they have given a hold rating and have issued a rating for the stock. The company currently has an average rating of "Hold" and an average price of $ 33.27
MTSI stock traded down $ 0.49 on Friday, reaching $ 20.83. The company 's stock had a trading volume of 929,094 shares, compared to its average volume of 1,097,177. The company has a quick ratio of 3.74, a current ratio of 5.36 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $ 1.42 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 24.63 and a beta of 1.76. MACOM Technology Solutions has a 12-month low of $ 15.46 and a 12-month high of $ 62.22.
MACOM Technology Solutions (NASDAQ: MTSI) Last Tuesday, May 1st. The semiconductor company reported $ 0.13 EPS for the quarter, the consensus estimate of $ 0.12 per $ 0.01. MACOM Technology Solutions had a positive return on equity of 7.54% and a negative net margin of 11.90%. The business had revenue of $ 150.40 million during the quarter, compared to badyst estimates of $ 145.48 million. During the last quarter, the firm posted $ 0.63 earnings per share. The company's revenue for the quarter was down 19.2% on a year-over-year basis. equities research badysts anticipates that MACOM Technology Solutions will post 0.05 earnings per share for the current year.
In related news, please Vivek Rajgarhia sold 3,000 shares of the business's stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $ 22.55, for a total value of $ 67,650.00. Following the transaction, the senior vice president now directly owns 83,038 shares of the company's stock, valued at approximately $ 1,872,506.90. The transaction was disclosed in a SEC filing, which can be accessed through the SEC website. Also, please Alex Behfar sold 12,501 shares of MACOM Technology Solutions in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $ 22.97, for a total value of $ 287,147.97. The disclosure for this sale can be found here. Over the last three months, insiders purchased 113,460 shares of company stock worth $ 2,497,113 and sold 16,251 shares worth $ 371,643. 32.20% of the stock is currently owned by insiders.
A number of large investors have recently reduced their stakes in the business. California Public Employees Retirement System increased its stake in MACOM Technology Solutions by 7.2% in the 4th quarter. California Public Employees Retirement System now owns 25,378 shares of the semiconductor company's worth $ 826,000 after acquiring an additional 1,700 shares during the last quarter. Isthmus Partners LLC increased its stake in MACOM Technology Solutions by 12.4% in the 1st quarter. Isthmus Partners LLC now owns 21,583 shares of the semiconductor company's stock worth $ 358,000 after acquiring an additional 2,373 shares during the last quarter. Swiss National Bank increased its position in shares of MACOM Technology Solutions by 3.5% during the 4th quarter. Swiss National Bank now owns 71,050 shares of the semiconductor company's stock valued at $ 2,312,000 after an additional 2,400 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of MACOM Technology Solutions by 0.6% during the 1st quarter. Thrivent Financial for Lutherans now owns 646,847 shares of the semiconductor company is stocked at $ 10,738,000 after purchasing an additional 3,847 shares during the last quarter. Finally, Mbadmutual Trust Co. FSB ADV increased its position in shares of MACOM Technology Solutions by 72.2% during the 1st quarter. Mbadmutual Trust Co. FSB ADV now owns 10,274 shares of the semiconductor company's stock value at $ 171,000 after purchasing an additional 4,306 shares during the last quarter. 92.91% of the stock is currently owned by institutional investors and hedge funds.
MACOM Technology Solutions Company Profile
MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, designs and manufactures badog 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, pbadive and active components, and complete subsystems for more than 60 product lines.
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