MACOM Technology Solutions (MTSI) Receives “Buy” Rating From Needham & Company LLC

October 20, 2018 -

By Christine McCrea

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) LogoInvestors sentiment decreased to 1.02 in Q2 2018. Its down 0.33, from 1.35 in 2018Q1. It fall, as 24 investors sold MACOM Technology Solutions Holdings, Inc. shares while 39 reduced holdings. 27 funds opened positions while 37 raised stakes. 56.00 million shares or 5.69% less from 59.38 million shares in 2018Q1 were reported.

Citadel Advisors Ltd Liability Company, Illinois-based fund reported 27,091 shares. Dimensional Fund Limited Partnership has 0% invested in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI). 217,200 are held by G2 Inv Prtn Mngmt Llc. State Of New Jersey Common Pension Fund D has 0.08% invested in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) for 920,000 shares. Cap Rech Global Invsts stated it has 0.03% of its portfolio in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI). Ulysses Mgmt Ltd Liability Corp accumulated 40,000 shares. Moreover, Piedmont Invest Advisors Ltd Liability Company has 0% invested in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI). The New York-based Silvercrest Asset Mgmt Group Inc Ltd Liability Company has invested 0.42% in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI). Manitoba – Canada-based Great West Life Assurance Co Can has invested 0% in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI). Goldman Sachs Gru owns 142,555 shares or 0% of their US portfolio. Parametric Port Assocs Ltd Liability Company reported 222,599 shares. Moreover, State Common Retirement Fund has 0% invested in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI). Summit Ptnrs L P accumulated 20,251 shares. Td Asset Management holds 0% or 40,200 shares. Citigroup Inc reported 3,028 shares stake.

Since May 3, 2018, it had 2 insider purchases, and 6 insider sales for $1.62 million activity. On Monday, May 7 the insider OCAMPO JOHN L bought $1.32 million. $5,835 worth of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) shares were sold by BLAND CHARLES R. Behfar Alex sold $287,148 worth of stock or 12,501 shares.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Ratings Coverage

Among 5 analysts covering MACOM Technology (NASDAQ:MTSI), 2 have Buy rating, 3 Sell and 0 Hold. Therefore 40% are positive. MACOM Technology had 7 analyst reports since April 27, 2018 according to SRatingsIntel. The rating was downgraded by JP Morgan on Tuesday, August 14 to “Underweight”. As per Wednesday, May 2, the company rating was maintained by Craig Hallum. The rating was downgraded by Stifel Nicolaus on Wednesday, September 12 to “Sell”. Stifel Nicolaus maintained MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) rating on Friday, April 27. Stifel Nicolaus has “Hold” rating and $18 target. The rating was maintained by Stifel Nicolaus on Thursday, July 19 with “Hold”. The rating was maintained by Needham on Wednesday, May 2 with “Buy”. As per Wednesday, August 1, the company rating was maintained by Bank of America. Below is a list of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) latest ratings and price target changes.

12/09/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Sell Old Target: $22 New Target: $20 Downgrade

14/08/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Old Target: $45 Downgrade

01/08/2018 Broker: Bank of America Old Rating: Underperform New Rating: Underperform Old Target: $18 New Target: $19 Maintain

19/07/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $18 New Target: $22 Maintain

02/05/2018 Broker: Craig Hallum Rating: Buy New Target: $31.0000 Maintain

02/05/2018 Broker: Needham Rating: Buy New Target: $34.0000 Maintain

27/04/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $25 New Target: $18 Maintain

The stock decreased 3.14% or $0.48 during the last trading session, reaching $14.8. About 807,222 shares traded or 30.42% up from the average. MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has declined 55.89% since October 20, 2017 and is downtrending. It has underperformed by 71.51% the S&P500.

MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, creates and makes analog RF, microwave, millimeter wave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company has market cap of $964.41 million. The firm 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 approximately 40 product lines. It currently has negative earnings. The Company’s semiconductor products are electronic components that are incorporated in electronic systems, such as point-to-point wireless backhaul radios, high density networks, active antenna arrays, radars, magnetic resonance imaging systems, and unmanned aerial vehicles.

Another recent and important MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) news was published by Globenewswire.com which published an article titled: “New Research Coverage Highlights Altair Engineering, Genomic Health, Seres Therapeutics, REV Group, MACOM …” on October 18, 2018.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Institutional Positions Chart

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Source : http://reurope.com/2018/10/20/its-been-a-crucial-week-for-macom-technology-solutions-holdings-inc-nasdaqmtsi-heres-what-analysts-have-to-say/

It’s been a crucial week for MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI); here’s what analysts have to say.
$0.02 EPS Expected for MACOM Technology Solutions Holdings, Inc. (MTSI)
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