M/A-Com Technology S (NASDAQ:MTSI) Sees Price Swing - Up $1.58

Lloyd Doyle
November 18, 2017

Bancorporation Of Montreal Can holds 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 2,548 shares. DA Davidson initiated coverage on shares of MACOM Technology Solutions Holdings in a research report on Monday, October 16th.

MACOM Technology Solutions Holdings, Inc. has a consensus outperform rating from 11 Wall Street analysts, and the number of shares now sold short amount to at least 18.72% of shares outstanding. Finally, Zacks Investment Research raised shares of MACOM Technology Solutions Holdings from a strong sell rating to a hold rating in a research report on Wednesday, October 4th. Finally, Barclays PLC lowered their price target on shares of MACOM Technology Solutions Holdings from $63.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, October 18th. M/A-Com Technology Solutions Holdings has $6600 highest and $35 lowest target.

M/A-Com Technology S (NASDAQ:MTSI) last traded at $33.11 with shares with a low of $31.44 and a high of $33.69.

About 1.97 million shares traded or 87.62% up from the average. The P/E ratio is now N/A and the market cap is 2.16B. The company has a debt-to-equity ratio of 0.87, a quick ratio of 4.42 and a current ratio of 5.61. The stock's 52-week range is $35.58 to $65.99, and its 3-month range is $29.98 to $46.33. (NASDAQ:MTSI) by 19.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The semiconductor company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). Its revenue totaled $170.14 million down -12.55% from the previous quarter. MACOM Technology Solutions Holdings had a positive return on equity of 15.58% and a negative net margin of 24.26%. The company's quarterly revenue was up 9.0% on a year-over-year basis.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Week Herald and is owned by of Week Herald. If you are viewing this story on another site, it was stolen and reposted in violation of USA and worldwide copyright & trademark law. President and CEO John Croteau sold 2,000 shares at an average price of $45.37 on Monday the 2nd.


Sell-side analyst recommendations point to a short term price target of $9.78 on the shares of Infinera Corporation (INFN). As of quarter end Botty Investors LLC had sold a total of 1,368 shares trimming its position 2.2%.

On October 16 the stock rating was downgraded from "Buy" to "Hold" with a current price target of $43.00 by analysts at Stifel Nicolaus. Current price places the company's stock -27.98% away from its 200-day simple moving average, -15.11%, away from the 50-day average and also -11.24% away from 20-day average. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 5,500 shares of company stock valued at $247,340.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MACOM Technology Solutions Holdings, Inc. has had 17 insider trades in the last 3 months, including 9 open market buys and 8 sells. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company's stock worth $280,034,000 after purchasing an additional 3,457,245 shares during the last quarter. Over the past twelve months, MACOM Technology Solutions Holdings, Inc. Advisor Group Inc. now owns 2,300 shares of the semiconductor company's stock valued at $128,000 after purchasing an additional 143 shares during the last quarter. Frontier Capital Management Co. The insider now holds 103,152 shares of MACOM Technology Solutions Holdings, Inc. LLC now owns 2,117,831 shares of the semiconductor company's stock valued at $118,111,000 after acquiring an additional 1,816,972 shares during the last quarter. Out of 10 Wall Street analysts rating M/A-Com Technology Solutions Holdings, 5 give it "Buy", 1 "Sell" rating, while 4 recommend "Hold". Platform Specialty Products Corporation has 3 buy ratings, 3 holds and 0 sells even after the stock tumbled -32.66% from its high of $14.82 to a $2.89 billion market value through last close. Jefferies Group LLC reissued a "buy" rating and issued a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. They now have a hold rating on the semiconductor company's stock.

MACOM Technology Solutions Holdings, Inc.is a well-known provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency, microwave, millimeterwave and photonic spectrum. The Company has multiple design centers, silicon (Si), gallium arsenide (GaAs) and indium phosphide (InP) fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER