Barclays Remains a Hold on MACOM Technology Solutions Holdings Inc (MTSI)

By Jason Carr

In a report released yesterday, Blayne Curtis from Barclays maintained a Hold rating on MACOM Technology Solutions Holdings Inc (MTSIResearch Report), with a price target of $14. The company’s shares opened today at $14.25, close to its 52-week low of $12.33.

According to, Curtis is a 4-star analyst with an average return of 8.5% and a 57.8% success rate. Curtis covers the Consumer Goods sector, focusing on stocks such as Smart Global Holdings Inc, Quantenna Communications, and Silicon Laboratories.

Currently, the analyst consensus on MACOM Technology Solutions Holdings Inc is a Moderate Buy with an average price target of $16.44.

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Based on MACOM Technology Solutions Holdings Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $46.2 million. In comparison, last year the company had a GAAP net loss of $15.48 million.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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. It 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.