Wall Street brokerages forecast that MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) will report earnings of $0.66 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for MACOM Technology Solutions’ earnings. MACOM Technology Solutions reported earnings of $0.51 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 29.4%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that MACOM Technology Solutions will report full-year earnings of $2.71 per share for the current financial year, with EPS estimates ranging from $2.65 to $2.76. For the next year, analysts anticipate that the company will report earnings of $2.96 per share, with EPS estimates ranging from $2.85 to $3.03. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow MACOM Technology Solutions.
MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last announced its quarterly earnings data on Thursday, January 27th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $159.62 million during the quarter, compared to analyst estimates of $158.99 million. MACOM Technology Solutions had a net margin of 30.06% and a return on equity of 26.84%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share.
A number of analysts recently weighed in on MTSI shares. Barclays cut their target price on shares of MACOM Technology Solutions from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, January 28th. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 28th. StockNews.com initiated coverage on shares of MACOM Technology Solutions in a research note on Thursday, March 31st. They set a “buy” rating for the company. Bank of America boosted their target price on shares of MACOM Technology Solutions from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 10th. Finally, Cowen lowered their target price on shares of MACOM Technology Solutions from $85.00 to $80.00 in a research note on Friday, January 28th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $81.86.
Shares of NASDAQ MTSI opened at $50.90 on Friday. The stock has a market cap of $3.55 billion, a P/E ratio of 19.50, a PEG ratio of 1.52 and a beta of 2.05. The company has a current ratio of 6.91, a quick ratio of 6.00 and a debt-to-equity ratio of 1.15. MACOM Technology Solutions has a 12-month low of $48.68 and a 12-month high of $80.30. The business’s fifty day simple moving average is $58.10 and its 200-day simple moving average is $66.37.
In related news, CFO John Kober sold 6,015 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $60.47, for a total transaction of $363,727.05. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 11,815 shares of company stock worth $712,062 over the last quarter. 28.30% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. WCM Investment Management LLC boosted its stake in MACOM Technology Solutions by 0.7% during the 3rd quarter. WCM Investment Management LLC now owns 230,864 shares of the semiconductor company’s stock worth $14,976,000 after purchasing an additional 1,551 shares during the period. SG Americas Securities LLC purchased a new stake in MACOM Technology Solutions during the 3rd quarter valued at approximately $3,256,000. UBS Asset Management Americas Inc. raised its stake in MACOM Technology Solutions by 7.8% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 70,333 shares of the semiconductor company’s stock valued at $4,562,000 after acquiring an additional 5,087 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in MACOM Technology Solutions during the 4th quarter valued at approximately $3,869,000. Finally, PNC Financial Services Group Inc. raised its stake in MACOM Technology Solutions by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,214 shares of the semiconductor company’s stock valued at $727,000 after acquiring an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.
About MACOM Technology Solutions (Get Rating)
MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, the Asia Pacific, and internationally.
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