The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) is a huge mover today! The stock increased 5.39% or $2.45 on November 23, hitting $47.87. About 954,667 shares traded hands or 109.10% up from the average. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has risen 18.23% since April 22, 2016 and is uptrending. It has outperformed by 12.82% the S&P500.
The move comes after 7 months positive chart setup for the $2.59B company. It was reported on Nov, 24 by Barchart.com. We have $51.70 PT which if reached, will make NASDAQ:MTSI worth $207.20M more.
Analysts await MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) to report earnings on January, 24. They expect $0.41 EPS, up 127.78% or $0.23 from last year’s $0.18 per share. MTSI’s profit will be $22.18M for 29.19 P/E if the $0.41 EPS becomes a reality. After $0.44 actual EPS reported by MACOM Technology Solutions Holdings Inc for the previous quarter, Wall Street now forecasts -6.82% negative 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 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Outperform” rating in Tuesday, October 13 report. The stock has “Buy” rating given by Goldman Sachs on Wednesday, February 3. Stifel Nicolaus maintained MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) rating on Thursday, December 3. Stifel Nicolaus has “Buy” rating and $44 price target. The firm earned “Buy” rating on Monday, January 11 by Craig Hallum. The firm earned “Hold” rating on Thursday, August 20 by Zacks. As per Wednesday, January 27, the company rating was maintained by Stifel Nicolaus. The stock has “Buy” rating given by Needham on Tuesday, August 18. The company was downgraded on Monday, June 27 by Bank of America. Needham maintained the stock with “Buy” rating in Friday, December 18 report. Barclays Capital maintained the shares of MTSI in a report on Friday, March 11 with “Overweight” rating.
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 in Q2 2016. Its down 0.01, from 1.01 in 2016Q1. The ratio dived, 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.
Moreover, Century Cap Mngmt Ltd Liability Com has 0.69% invested in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 188,606 shares. Ubs Asset Mgmt Americas has invested 0.01% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Argent Cap Ltd Llc last reported 118,075 shares in the company. Rainier Invest Mgmt Limited Liability has 0.64% invested in the company for 402,050 shares. Goldman Sachs Group Inc accumulated 63,176 shares or 0% of the stock. American Century Companies holds 137,747 shares or 0.01% of its portfolio. Public Employees Retirement Association Of Colorado reported 222,500 shares or 0.06% of all its holdings. Vanguard Grp Incorporated has invested 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Td Asset Mngmt Incorporated has 0% invested in the company for 8,000 shares. Herndon Cap Mngmt Limited Com, a Georgia-based fund reported 1,500 shares. Highbridge Capital Mgmt Limited Liability holds 7,289 shares or 0% of its portfolio. Thrivent Financial For Lutherans last reported 0.03% of its portfolio in the stock. Marshall Wace Llp holds 0.12% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 450,134 shares. Eaton Vance last reported 0% of its portfolio in the stock. Comerica Fincl Bank has 0.01% invested in the company for 20,932 shares.
Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 24 sales for $17.20 million net activity. 5,175 shares were sold by MCMULLAN ROBERT, worth $219,694. Another trade for 2,000 shares valued at $65,300 was made by Croteau John on Friday, July 1. On Tuesday, September 6 the insider Hwang Donghyun Thomas sold $87,600. The insider Baker Walter Gregory sold $141,458. $41,060 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was sold by VAN LUNSEN GIL J. Dennehy Robert sold $420,861 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Tuesday, September 6. Murphy Michael T. also sold $219,945 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Tuesday, August 23.
More recent MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) news were published by: Wsj.com which released: “Macom Buys Applied Micro to Expand Into the Cloud” on November 21, 2016. Also Nasdaq.com published the news titled: “Commit To Purchase MACOM Technology Solutions Holdings At $30, Earn 7.5 …” on October 13, 2016. Nasdaq.com‘s news article titled: “MACOM Technology Solutions Holdings (MTSI) Shares Cross Above 200 DMA” with publication date: November 09, 2016 was also an interesting one.
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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