A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Great Portland Estates from a hold rating to a sell rating in a report on Tuesday, April 16th. Jefferies Financial Group cut shares of MACOM Technology Solutions from a buy rating to a hold rating and decreased their target price for the stock from $18.00 to $15.00 in a research note on Wednesday, April 24th. Northland Securities set a $68.00 price objective on shares of Lumentum and gave the company a buy rating in a research report on Monday, May 20th. Craig Hallum cut shares of Zayo Group from a buy rating to a hold rating in a research report on Wednesday, May 8th. Finally, Goldman Sachs Group lifted their price objective on shares of Western Digital from $42.00 to $49.00 and gave the company a neutral rating in a research report on Wednesday, March 27th. Five analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $18.07.
NASDAQ:MTSI traded up $0.04 on Friday, reaching $17.59. 687,972 shares of the stock traded hands, compared to its average volume of 747,122. The stock’s fifty day moving average is $15.12. The company has a quick ratio of 3.66, a current ratio of 5.01 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.16 billion, a P/E ratio of 125.64 and a beta of 1.95. MACOM Technology Solutions has a 12 month low of $12.33 and a 12 month high of $24.59.
In related news, Chairman John L. Ocampo bought 100,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average cost of $13.30 per share, with a total value of $1,330,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John L. Ocampo acquired 60,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average cost of $13.26 per share, with a total value of $795,600.00. The disclosure for this purchase can be found here. 32.40% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in MTSI. Yiheng Capital LLC raised its holdings in MACOM Technology Solutions by 43.8% in the fourth quarter. Yiheng Capital LLC now owns 2,748,749 shares of the semiconductor company’s stock worth $39,884,000 after purchasing an additional 837,740 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in MACOM Technology Solutions by 203.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,043,898 shares of the semiconductor company’s stock worth $15,147,000 after purchasing an additional 699,946 shares in the last quarter. S Squared Technology LLC bought a new position in MACOM Technology Solutions in the first quarter worth about $3,175,000. Royce & Associates LP increased its holdings in shares of MACOM Technology Solutions by 17.8% during the fourth quarter. Royce & Associates LP now owns 1,006,943 shares of the semiconductor company’s stock valued at $14,611,000 after acquiring an additional 152,168 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in MACOM Technology Solutions by 10.7% in the first quarter. Neuberger Berman Group LLC now owns 1,551,959 shares of the semiconductor company’s stock valued at $25,928,000 after buying an additional 149,536 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.
About MACOM Technology Solutions
MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.
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