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MACOM Technology Solutions (NASDAQ: MTSI) downgraded by StockNews.com to Hold

Macom Expertise Options (NASDAQ: MTSI – Get the rating) Downgraded by inventory analysts at StockNews.com From a “purchase” ranking to a “maintain” ranking in a report launched on Thursday.

A number of different analysis corporations have additionally lately commented on MTSI. Needham & Firm LLC raised its goal value on MACOM Expertise Options from $57.00 to $62.00 and gave the corporate a “purchase” ranking in a report on Friday, July twenty ninth. Cowen raised his value goal on MACOM Expertise Options from $55.00 to $68.00 in a report on Friday, July 29. Barclays lowered its value goal on MACOM Expertise Options from $75.00 to $65.00 and recognized the corporate’s “obese” ranking in a report on Monday, July 25. Piper Sandler raised its goal value on MACOM Expertise Options from $65.00 to $75.00 and assigned the corporate an “obese” ranking in a report launched on Friday, August nineteenth. Lastly, Northland Securities lowered its value goal on MACOM Expertise Options from $75.00 to $70.00 in a report on Friday, July 29. One analysis analyst has rated the inventory with a maintain ranking and 7 have assigned a purchase ranking to the inventory. In accordance with MarketBeat, the inventory has a mean ranking of “Average Purchase” and a mean goal value of $71.55.

MACOM Expertise Options Buying and selling slipped 0.5%

MTSI shares opened at $52.26 on Thursday. The corporate has a 50-day shifting common of $55.74 and a 200-day shifting common of $53.10. MACOM Expertise Options recorded a 12-month low of $42.85 and a 12-month excessive of $80.30. The corporate has a market capitalization of $3.66 billion, a price-earnings ratio of 17.08, a price-earnings ratio of 1.31 and a beta 1.92. The corporate has a buying and selling ratio of seven.55, a fast ratio of 6.46 and a debt-to-equity ratio of 1.01.

Macom Expertise Options (NASDAQ: MTSI – Get the rating) introduced its newest earnings outcomes on Thursday, July twenty eighth. The semiconductor firm reported earnings of $0.59 per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Macomb Expertise Options generated a web revenue margin of 33.38% and a return on fairness of 27.65%. The corporate generated income of $172.30 million for the quarter, in comparison with the consensus estimate of $170.04 million. Throughout the identical quarter final 12 months, the corporate reported $0.44 in earnings per share. The corporate’s income for the quarter was up 12.9% 12 months over 12 months. Analysis analysts anticipate MACOM Expertise Options to report 2.26 earnings per share for the present fiscal 12 months.

Insiders are putting their bets

In different information from MACOM Expertise Options, Senior Vice President Robert Dennehy He bought 2,000 shares of the corporate’s inventory in a transaction on Monday, October third. The inventory bought at a mean value of $52.40, with a complete worth of $104.800.00. Following the completion of the transaction, the Senior Vice President now owns 86,650 shares within the firm, valued at roughly $4,540,460. The transaction was disclosed in a doc filed with the Securities and Trade Fee, which may be accessed by way of This hyperlink. In different information from MACOM Expertise Options, Senior Vice President Douglas J. Carlson He bought 3,394 shares of the corporate’s inventory in a transaction that happened on Monday, August fifteenth. The inventory bought for a mean value of $66.55, with a complete worth of $225,870.70. Following the completion of the transaction, the Senior Vice President now owns 19,466 shares within the firm, valued at roughly $1,307,441.30. The transaction was disclosed in a doc filed with the Securities and Trade Fee, which may be accessed by way of This hyperlink. Additionally, Senior Vice President Robert Dennehy He bought 2,000 shares of the corporate’s inventory in a transaction on Monday, October third. The inventory bought at a mean value of $52.40, with a complete worth of $104.800.00. Following the completion of the transaction, the Senior Vice President now owns 86,650 shares of the corporate’s inventory, valued at roughly $4,540,460. Disclosure may be discovered on this sale over here. Insiders have bought a complete of 956,220 shares of firm inventory valued at $56,766,567 within the final 90 days. 28.30% of the shares are owned by firm insiders.

Hedge Funds Weigh on MACOM Expertise Options

A lot of institutional buyers have lately made adjustments to their positions in MTSI. NorthCrest Asset Administration LLC acquired a brand new place in shares of MACOM Expertise Options within the first quarter valued at roughly $341,000. CWM LLC raised its stake in shares of MACOM Expertise Options by 55.9% within the first quarter. CWM LLC now owns 664 shares of the semiconductor firm’s inventory, valued at $40,000, after buying a further 238 shares within the final quarter. Zurcher Cantonalbank Zurich Cantonalbank raised its place in shares of MACOM Expertise Options by 9.6% in the course of the first quarter. Zurcher Cantonalbank Zurich Cantonalbank now owns 11,440 shares of the semiconductor firm’s inventory valued at $685,000 after buying a further 1,003 shares within the final quarter. Assenagon Asset Administration SA boosted its place in shares of MACOM Expertise Options by 238.5% in the course of the first quarter. Assenagon Asset Administration S.A. now owns 22,331 shares of the semiconductor firm’s inventory valued at $1,337,000 after buying a further 15,733 shares within the final quarter. Lastly, Chartwell Funding Companions LLC raised its place in shares of MACOM Expertise Options by 4.4% in the course of the first quarter. Chartwell Funding Companions LLC now owns 41,030 shares of the semiconductor firm’s inventory valued at $2,456,000 after buying a further 1,717 shares within the final quarter. 72.30% of the shares are owned by institutional buyers and hedge funds.

MACOM Expertise Options Firm Profile

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MACOM Expertise Options Holdings, Inc., together with its subsidiaries, designs and manufactures analog semiconductor options to be used in wi-fi and wired purposes over radio frequency (RF), microwave, millimeter wave, and lightweight wave spectrum in america, China, Asia Pacific, and internationally.

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Analyst Recommendations for MACOM Technology Solutions (NASDAQ: MTSI)

This immediate information alert was created by narrative science expertise and MarketBeat monetary information to offer readers with the quickest and most correct reporting. This story was reviewed by the Editorial Workforce at MarketBeat previous to publication. Please ship any questions or feedback about this story to [email protected]

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