Brokerages Anticipate MACOM Technology Solutions Holdings Inc (MTSI) Will Post Earnings of $0.16 Per Share

Equities research analysts forecast that MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) will post earnings of $0.16 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for MACOM Technology Solutions’ earnings. The highest EPS estimate is $0.17 and the lowest is $0.15. MACOM Technology Solutions posted earnings per share of $0.46 in the same quarter last year, which would indicate a negative year-over-year growth rate of 65.2%. The business is scheduled to issue its next earnings results on Tuesday, November 13th.

On average, analysts expect that MACOM Technology Solutions will report full-year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.53. For the next financial year, analysts anticipate that the firm will report earnings of $1.11 per share, with EPS estimates ranging from $0.85 to $1.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover MACOM Technology Solutions.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. MACOM Technology Solutions had a positive return on equity of 3.33% and a negative net margin of 22.92%. The business had revenue of $137.87 million during the quarter, compared to analyst estimates of $146.71 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. MACOM Technology Solutions’s revenue for the quarter was down 29.1% on a year-over-year basis.

Several research firms have issued reports on MTSI. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $18.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, July 19th. BidaskClub lowered MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Bank of America boosted their price target on MACOM Technology Solutions from $18.00 to $19.00 and gave the company an “underperform” rating in a report on Wednesday, August 1st. JPMorgan Chase & Co. lowered MACOM Technology Solutions from a “neutral” rating to an “underweight” rating and set a $45.00 price target for the company. in a report on Tuesday, August 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price objective on shares of MACOM Technology Solutions in a research note on Wednesday, August 1st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $32.40.

NASDAQ:MTSI traded down $1.06 during mid-day trading on Wednesday, hitting $16.70. 39,127 shares of the company traded hands, compared to its average volume of 973,740. MACOM Technology Solutions has a one year low of $15.46 and a one year high of $43.92. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.62 and a current ratio of 4.97. The firm has a market capitalization of $1.34 billion, a PE ratio of 9.42, a P/E/G ratio of 36.14 and a beta of 1.77.

In other news, insider John Croteau sold 4,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $21.05, for a total value of $84,200.00. Following the completion of the transaction, the insider now owns 115,118 shares of the company’s stock, valued at $2,423,233.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman John L. Ocampo bought 97,800 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was purchased at an average price of $20.95 per share, for a total transaction of $2,048,910.00. The disclosure for this purchase can be found here. Corporate insiders own 32.20% of the company’s stock.

Several large investors have recently bought and sold shares of MTSI. Wells Fargo & Company MN lifted its position in shares of MACOM Technology Solutions by 32.6% in the first quarter. Wells Fargo & Company MN now owns 508,539 shares of the semiconductor company’s stock worth $8,442,000 after buying an additional 125,058 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of MACOM Technology Solutions by 3.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 199,012 shares of the semiconductor company’s stock worth $3,304,000 after buying an additional 6,042 shares in the last quarter. US Bancorp DE lifted its position in shares of MACOM Technology Solutions by 116.1% in the first quarter. US Bancorp DE now owns 13,658 shares of the semiconductor company’s stock worth $227,000 after buying an additional 7,339 shares in the last quarter. Northern Trust Corp lifted its position in shares of MACOM Technology Solutions by 8.0% in the first quarter. Northern Trust Corp now owns 595,330 shares of the semiconductor company’s stock worth $9,883,000 after buying an additional 44,123 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in shares of MACOM Technology Solutions by 94.7% in the first quarter. Natixis Advisors L.P. now owns 45,850 shares of the semiconductor company’s stock worth $761,000 after buying an additional 22,306 shares in the last quarter. Institutional investors own 89.88% of the company’s stock.

About MACOM Technology Solutions

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.

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