Today’s Market Runner: What’s in MACOM Technology Solutions Holdings Inc After Today’s Significant Decline?

Today's Market Runner: What's in MACOM Technology Solutions Holdings Inc After Today's Significant Decline?

The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) is a huge mover today! About 392,803 shares traded hands. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has declined 1.93% since March 9, 2016 and is downtrending. It has underperformed by 9.35% the S&P500.
The move comes after 5 months negative chart setup for the $2.08B company. It was reported on Oct, 12 by Barchart.com. We have $37.23 PT which if reached, will make NASDAQ:MTSI worth $145.60M less.

Analysts await MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) to report earnings on November, 15. They expect $0.46 EPS, up 91.67% or $0.22 from last year’s $0.24 per share. MTSI’s profit will be $23.90M for 21.76 P/E if the $0.46 EPS becomes a reality. After $0.41 actual EPS reported by MACOM Technology Solutions Holdings Inc for the previous quarter, Wall Street now forecasts 12.20% EPS growth.

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

Out of 8 analysts covering M/A-Com Technology Solutions Holdings (NASDAQ:MTSI), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. M/A-Com Technology Solutions Holdings has been the topic of 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, October 13 by Barclays Capital. On Thursday, August 20 the stock rating was downgraded by Zacks to “Hold”. Barclays Capital maintained MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) rating on Friday, March 11. Barclays Capital has “Overweight” rating and $44 price target. The firm has “Buy” rating given on Wednesday, January 27 by Stifel Nicolaus. The firm has “Neutral” rating given on Tuesday, September 20 by Goldman Sachs. The rating was reinitiated by Goldman Sachs with “Buy” on Wednesday, February 3. The firm has “Buy” rating by Craig Hallum given on Monday, January 11. The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) earned “Buy” rating by Needham on Tuesday, August 18. The firm earned “Neutral” rating on Monday, June 27 by Bank of America. As per Friday, December 18, the company rating was maintained by Needham.

According to Zacks Investment Research, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.67, from 1.68 in 2016Q1. The ratio is negative, as 31 funds sold all MACOM Technology Solutions Holdings Inc shares owned while 52 reduced positions. 26 funds bought stakes while 58 increased positions. They now own 38.15 million shares or 1.15% less from 38.59 million shares in 2016Q1.
Nationwide Fund Advisors owns 69,924 shares or 0.01% of their US portfolio. State Of New Jersey Common Pension Fund D reported 530,000 shares or 0.08% of all its holdings. Teachers Advisors Incorporated holds 36,786 shares or 0% of its portfolio. Finemark Fincl Bank & Tru last reported 0% of its portfolio in the stock. Employees Retirement Association Of Colorado accumulated 0.06% or 222,500 shares. Dimensional Fund Advsrs Ltd Partnership has 636,107 shares for 0.01% of their US portfolio. Alliancebernstein Limited Partnership holds 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 42,100 shares. Emerald Mutual Fund Advisers reported 381,818 shares or 0.71% of all its holdings. Barclays Public Ltd holds 0% or 1,187 shares in its portfolio. Bnp Paribas Investment Prns Sa last reported 0.04% of its portfolio in the stock. Dai Ichi Life Insurance Ltd holds 0.05% or 48,303 shares in its portfolio. Citigroup owns 210 shares or 0% of their US portfolio. Fifth Third Savings Bank holds 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 3,896 shares. The New York-based Jennison Associate Limited Liability has invested 0.08% in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Northpointe Capital Ltd Liability Company accumulated 6,451 shares or 0.03% of the stock.

Insider Transactions: Since April 28, 2016, the stock had 0 insider purchases, and 26 insider sales for $108.79 million net activity. $80,000 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) shares were sold by VAN LUNSEN GIL J. 8,125 shares with value of $324,188 were sold by Dennehy Robert on Thursday, July 28. Croteau John sold $65,300 worth of stock. Murphy Michael T. sold $219,945 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Tuesday, August 23. Shares for $72,272 were sold by Hwang Donghyun Thomas. MCMULLAN ROBERT also sold $496,445 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Monday, May 16. Baker Walter Gregory had sold 6,149 shares worth $225,361 on Wednesday, May 18.

More news for MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) were recently published by: Marketwatch.com, which released: “MACOM Technology Solutions Holdings Inc.” on July 12, 2011. Quotes.Wsj.com‘s article titled: “News MACOM Technology Solutions Holdings Inc.MTSI” and published on February 14, 2011 is yet another important article.

MTSI Company Profile

MACOM Technology Solutions Holdings, Inc., formerly M/A-COM Technology Solutions Holdings, Inc., incorporated on March 25, 2009, is a well-known provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum. The Firm operates through semiconductors and modules segment. The Company’s semiconductor products are electronic components, which include point-to-point wireless backhaul radios, antenna arrays, radar, magnetic resonance imaging systems (MRI) and unmanned aerial vehicles (UAVs). The Firm offers its products in over three primary markets, such as networks, aerospace and defense (A&D) and multi-market.

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