Press coverage about MACOM Technology Solutions (NASDAQ:MTSI) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MACOM Technology Solutions earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.8521396680697 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Goldman Sachs Lowers MACOM Technology Solutions (MTSI) Price Target to $18.00 (americanbankingnews.com)
- MACOM Technology : Comments on News of U.S. Department of Commerce Ban on Exports to ZTE (4-traders.com)
- MACOM Technology Solutions (MTSI) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- Brokerages Anticipate MACOM Technology Solutions (MTSI) Will Post Quarterly Sales of $145.67 Million (americanbankingnews.com)
- MACOM Technology Solutions (MTSI) Downgraded by BidaskClub to Hold (americanbankingnews.com)
MTSI opened at $17.03 on Friday. MACOM Technology Solutions has a 12-month low of $15.46 and a 12-month high of $65.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.00 and a current ratio of 5.70. The firm has a market cap of $1,100.05, a PE ratio of 9.06 and a beta of 1.60.
Several equities analysts have commented on MTSI shares. ValuEngine raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised MACOM Technology Solutions from a “strong sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Wednesday, January 17th. Bank of America cut their price objective on MACOM Technology Solutions from $30.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 7th. BidaskClub downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Finally, JPMorgan Chase downgraded MACOM Technology Solutions from an “overweight” rating to a “neutral” rating in a research report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. MACOM Technology Solutions currently has a consensus rating of “Hold” and an average price target of $34.73.
In related news, SVP Donghyun Thomas Hwang acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $21.70 per share, for a total transaction of $54,250.00. Following the purchase, the senior vice president now directly owns 35,501 shares of the company’s stock, valued at approximately $770,371.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert Dennehy acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of $20.43 per share, with a total value of $204,300.00. Following the completion of the purchase, the senior vice president now directly owns 66,556 shares in the company, valued at $1,359,739.08. The disclosure for this purchase can be found here. Insiders have sold a total of 750 shares of company stock valued at $16,938 over the last 90 days. 32.20% of the stock is currently owned by company insiders.
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About MACOM Technology Solutions
MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.
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