Media stories about MACOM Technology Solutions Holdings (NASDAQ:MTSI) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MACOM Technology Solutions Holdings earned a news impact score of 0.12 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 45.8540721842924 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Posts Earnings Results (campdesrecrues.com)
- Factors to Note Before Buying MACOM Technology Solutions Holdings, Inc. (MTSI) (expressnewsline.com)
- MACOM Technology Solutions Holdings, Inc. breached its 50 day moving average in a Bearish Manner : MTSI-US : August 3, 2017 (finance.yahoo.com)
- MACOM Technology Solutions Holdings Inc (MTSI)’s Technicals Placed in the Limelight - Evergreen Caller (evergreencaller.com)
- MACOM Technology Solutions Holdings, Inc. (MTSI) Insider Sells $121,520.00 in Stock (americanbankingnews.com)
MACOM Technology Solutions Holdings (MTSI) traded down 3.96% during midday trading on Friday, hitting $42.16. The stock had a trading volume of 1,993,721 shares. The stock’s 50-day moving average is $59.01 and its 200-day moving average is $52.17. The company’s market capitalization is $2.71 billion. MACOM Technology Solutions Holdings has a 1-year low of $35.33 and a 1-year high of $65.99.
MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The company had revenue of $194.56 million during the quarter, compared to analysts’ expectations of $194.93 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The company’s revenue was up 36.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 EPS. Equities research analysts forecast that MACOM Technology Solutions Holdings will post $2.36 EPS for the current year.
Several brokerages have issued reports on MTSI. BidaskClub lowered MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price target (down previously from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday. Barclays PLC reaffirmed an “overweight” rating and set a $63.00 price target (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday. Finally, Stifel Nicolaus lowered their target price on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $55.50.
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In related news, SVP Preetinder S. Virk sold 14,980 shares of MACOM Technology Solutions Holdings stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $54.19, for a total value of $811,766.20. Following the completion of the transaction, the senior vice president now owns 30,443 shares in the company, valued at $1,649,706.17. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $60.76, for a total value of $121,520.00. Following the completion of the transaction, the insider now owns 51,200 shares of the company’s stock, valued at approximately $3,110,912. The disclosure for this sale can be found here. In the last quarter, insiders sold 494,955 shares of company stock valued at $28,713,137. 42.30% of the stock is currently owned by company insiders.
About MACOM Technology Solutions Holdings
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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