MACOM Technology Solutions (MTSI) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from an overweight rating to a neutral rating in a report published on Wednesday morning, MarketBeat Ratings reports.

A number of other equities research analysts have also issued reports on MTSI. Stifel Nicolaus lowered MACOM Technology Solutions from a buy rating to a hold rating and dropped their price target for the company from $57.00 to $43.00 in a research report on Monday, October 16th. DA Davidson initiated coverage on MACOM Technology Solutions in a research report on Monday, October 16th. They issued a neutral rating and a $45.00 price target for the company. Needham & Company LLC restated a buy rating and issued a $45.00 price target (down from $56.00) on shares of MACOM Technology Solutions in a research report on Tuesday, October 17th. Barclays dropped their price target on MACOM Technology Solutions from $63.00 to $50.00 and set an overweight rating for the company in a research report on Wednesday, October 18th. Finally, Zacks Investment Research lowered MACOM Technology Solutions from a hold rating to a strong sell rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. MACOM Technology Solutions has a consensus rating of Hold and an average price target of $38.00.

Shares of MACOM Technology Solutions (MTSI) opened at $18.92 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.70 and a quick ratio of 3.64. The stock has a market capitalization of $1,290.00, a P/E ratio of -7.03, a PEG ratio of 0.92 and a beta of 1.14. MACOM Technology Solutions has a 52-week low of $17.84 and a 52-week high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $130.93 million during the quarter, compared to analysts’ expectations of $132.91 million. MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. MACOM Technology Solutions’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. sell-side analysts predict that MACOM Technology Solutions will post 1.04 EPS for the current fiscal year.

In related news, CEO John Croteau sold 2,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $31.94, for a total value of $63,880.00. Following the completion of the transaction, the chief executive officer now directly owns 149,219 shares in the company, valued at $4,766,054.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 4,750 shares of company stock valued at $158,518 over the last quarter. 32.20% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. grew its position in MACOM Technology Solutions by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 143 shares during the period. SG Americas Securities LLC acquired a new position in MACOM Technology Solutions during the third quarter worth $194,000. Ameritas Investment Partners Inc. lifted its stake in MACOM Technology Solutions by 32.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 864 shares in the last quarter. ProShare Advisors LLC acquired a new position in MACOM Technology Solutions during the second quarter worth $200,000. Finally, US Bancorp DE lifted its stake in MACOM Technology Solutions by 40.0% during the fourth quarter. US Bancorp DE now owns 6,319 shares of the semiconductor company’s stock worth $206,000 after purchasing an additional 1,806 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

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About MACOM Technology Solutions

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.

Analyst Recommendations for MACOM Technology Solutions (NASDAQ:MTSI)

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