Media coverage about MACOM Technology Solutions (NASDAQ:MTSI) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of 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 0.02 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.8054280424956 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- MACOM Technology Solutions Holdings, Inc. (MTSI) Stock Swing on Profitability Analysis – Investing News Update (investingbizz.com)
- MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) – Attention Seeking Stock – Nasdaq Journal (nasdaqjournal.com)
- MACOM Announces Quad Channel 64G Linear Modulator Driver Die for Long Haul, Metro and Data Center Interconnect Applications (finance.yahoo.com)
- MACOM and ColorChip Announce a 100G Single-Lambda QSFP28 Module for Cloud Data Center Applications (finance.yahoo.com)
- MACOM to Drive Cloud Data Centers and 5G Optical Connectivity with L-PIC™-Enabled Solutions for CWDM4 (finance.yahoo.com)
Shares of MACOM Technology Solutions (MTSI) traded down $0.49 during mid-day trading on Wednesday, reaching $21.73. The company had a trading volume of 542,718 shares, compared to its average volume of 1,491,977. The stock has a market capitalization of $1,526.41, a PE ratio of 23.01 and a beta of 1.43. MACOM Technology Solutions has a 52 week low of $17.84 and a 52 week 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.
A number of brokerages have weighed in on MTSI. BidaskClub raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Stifel Nicolaus decreased their target price on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. Barclays cut their price objective on MACOM Technology Solutions from $50.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Piper Jaffray Companies initiated coverage on MACOM Technology Solutions in a research note on Monday, February 26th. They set a “neutral” rating and a $22.00 price objective for the company. Finally, DA Davidson upgraded MACOM Technology Solutions from a “neutral” rating to a “buy” rating and upped their price target for the stock from $32.00 to $43.00 in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.77.
In other MACOM Technology Solutions news, SVP Robert Dennehy acquired 10,000 shares of the stock in a transaction dated Friday, February 16th. The stock was acquired at an average cost of $20.43 per share, with a total value of $204,300.00. Following the transaction, the senior vice president now owns 66,556 shares in the company, valued at approximately $1,359,739.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang acquired 2,500 shares of the stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average cost of $21.70 per share, with a total value of $54,250.00. Following the completion of the transaction, the senior vice president now owns 35,501 shares in the company, valued at approximately $770,371.70. The disclosure for this purchase can be found here. Insiders sold a total of 2,750 shares of company stock worth $91,765 in the last quarter. Company insiders own 32.20% of the company’s stock.
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About MACOM Technology Solutions
MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.
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