Somewhat Favorable News Coverage Somewhat Unlikely to Impact MACOM Technology Solutions Holdings (MTSI) Share Price

Media stories about MACOM Technology Solutions Holdings (NASDAQ:MTSI) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MACOM Technology Solutions Holdings earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.8042267659808 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

MTSI has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions Holdings from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Zacks Investment Research lowered shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Jefferies Group LLC raised their price objective on shares of MACOM Technology Solutions Holdings from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions Holdings from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, BidaskClub lowered shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $55.50.

Shares of MACOM Technology Solutions Holdings (NASDAQ MTSI) traded down 0.51% during mid-day trading on Friday, hitting $40.76. 742,781 shares of the stock were exchanged. The stock has a 50-day moving average price of $55.85 and a 200 day moving average price of $51.80. MACOM Technology Solutions Holdings has a 52-week low of $35.33 and a 52-week high of $65.99. The firm’s market cap is $2.62 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings data 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 negative net margin of 22.43% and a positive return on equity of 17.21%. The business’s revenue for the quarter was up 36.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. On average, equities research analysts expect that MACOM Technology Solutions Holdings will post $2.33 earnings per share for the current year.

In related news, CFO Robert Mcmullan sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $56.24, for a total value of $1,687,200.00. Following the completion of the transaction, the chief financial officer now directly owns 64,506 shares of the company’s stock, valued at approximately $3,627,817.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert Dennehy sold 17,055 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $56.13, for a total transaction of $957,297.15. Following the completion of the transaction, the senior vice president now directly owns 51,197 shares of the company’s stock, valued at $2,873,687.61. The disclosure for this sale can be found here. Insiders sold a total of 495,205 shares of company stock valued at $28,724,537 over the last ninety days. 42.30% of the stock is currently owned by insiders.

WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact MACOM Technology Solutions Holdings (MTSI) Share Price” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://stocknewstimes.com/2017/08/12/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-macom-technology-solutions-holdings-mtsi-share-price.html.

MACOM Technology Solutions Holdings Company Profile

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.

Insider Buying and Selling by Quarter for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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