Northland Securities Keeps Their Buy Rating on MACOM Technology Solutions Holdings Inc (MTSI)

By Austin Angelo

In a report released today, Tim Savageaux from Northland Securities maintained a Buy rating on MACOM Technology Solutions Holdings Inc (MTSIResearch Report), with a price target of $22.50. The company’s shares closed yesterday at $19.68.

According to, Savageaux is a 4-star analyst with an average return of 3.4% and a 52.1% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as DASAN Zhone Solutions Inc, Applied Optoelectronics, and Communications Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MACOM Technology Solutions Holdings Inc with a $18.21 average price target.

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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 $85.43 million.

Based on the recent corporate insider activity of 48 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.