MACOM Technology Solutions Holdings (MTSI) Receives a Hold from Evercore ISI

Evercore ISI analyst C J Muse maintained a Hold rating on MACOM Technology Solutions Holdings (MTSIResearch Report) on July 28. The company’s shares closed last Friday at $57.94.

According to TipRanks.com, Muse is a 5-star analyst with an average return of 17.1% and a 60.2% success rate. Muse covers the Technology sector, focusing on stocks such as Universal Display, Texas Instruments, and Western Digital.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MACOM Technology Solutions Holdings with a $66.43 average price target.

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Based on MACOM Technology Solutions Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $165 million and net profit of $29.56 million. In comparison, last year the company earned revenue of $151 million and had a net profit of $14.81 million.

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTSI in relation to earlier this year.

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MACOM Technology Solutions Holdings, Inc. engages in the design, development, manufacture and market of semiconductors and modules. Its products include integrated circuits (IC), multi-chip modules (MCM), power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems. The company was founded on March 25, 2009 and is headquartered in Lowell, MA.

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