MACOM Technology Solutions Holdings (MTSI) Receives a Rating Update from a Top Analyst

In a report released today, Thomas O’Malley from Barclays maintained a Buy rating on MACOM Technology Solutions Holdings, with a price target of $450.00.

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O’Malley covers the Technology sector, focusing on stocks such as Nvidia, Cirrus Logic, and Skyworks Solutions. According to TipRanks, O’Malley has an average return of 46.1% and a 66.74% success rate on recommended stocks.

In addition to Barclays, MACOM Technology Solutions Holdings also received a Buy from Evercore ISI’s Mark Lipacis in a report issued on May 18. However, on May 8, J.P. Morgan assigned a Hold rating to MACOM Technology Solutions Holdings (NASDAQ: MTSI).

Based on MACOM Technology Solutions Holdings’ latest earnings release for the quarter ending April 3, the company reported a quarterly revenue of $288.96 million and a net profit of $46.33 million. In comparison, last year the company earned a revenue of $235.89 million and had a net profit of $31.67 million

Based on the recent corporate insider activity of 107 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. Earlier this month, Peter Chung, a Director at MTSI sold 43,268.00 shares for a total of $16,363,524.92.