Somewhat Positive News Coverage Somewhat Unlikely to Impact MACOM Technology Solutions (NASDAQ:MTSI) Stock Price

Press coverage about MACOM Technology Solutions (NASDAQ:MTSI) has been trending somewhat positive on Thursday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MACOM Technology Solutions earned a news impact score of 0.02 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.8054280424956 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

MTSI has been the subject of several research analyst reports. Bank of America dropped their price objective on MACOM Technology Solutions from $30.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, February 7th. BidaskClub cut MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. ValuEngine upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. JPMorgan Chase & Co. cut MACOM Technology Solutions from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 7th. Finally, DA Davidson upgraded MACOM Technology Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $32.00 to $43.00 in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.77.

MTSI stock traded up $0.88 on Thursday, reaching $16.60. 1,211,427 shares of the company traded hands, compared to its average volume of 1,437,993. MACOM Technology Solutions has a one year low of $15.50 and a one year high of $65.99. The company has a quick ratio of 4.00, a current ratio of 5.70 and a debt-to-equity ratio of 0.89. The firm has a market cap of $1,065.91, a PE ratio of -4.72 and a beta of 1.43.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. The company had revenue of $130.93 million for the quarter, compared to the consensus estimate of $132.91 million. During the same period last year, the business earned $0.57 EPS. The firm’s quarterly revenue was down 13.7% on a year-over-year basis. research analysts expect that MACOM Technology Solutions will post -0.06 earnings per share for the current fiscal year.

In other MACOM Technology Solutions news, SVP Robert Dennehy bought 10,000 shares of MACOM Technology Solutions stock in a transaction on Friday, February 16th. The stock was acquired at an average price of $20.43 per share, with a total value of $204,300.00. Following the acquisition, the senior vice president now owns 66,556 shares in the company, valued at $1,359,739.08. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang bought 2,500 shares of MACOM Technology Solutions stock in a transaction on Thursday, February 22nd. The stock was acquired at an average cost of $21.70 per share, with a total value of $54,250.00. Following the acquisition, 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. In the last three months, insiders sold 2,750 shares of company stock valued at $91,765. Corporate insiders own 32.20% of the company’s stock.

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MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company 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 more than 60 product lines.

Insider Buying and Selling by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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