Analysts predict that MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) will report earnings of $0.62 per share for the current quarter, according to Zacks. Six analysts have made estimates for MACOM Technology Solutions’ earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.62. MACOM Technology Solutions reported earnings per share of $0.46 in the same quarter last year, which would suggest a positive year over year growth rate of 34.8%. The company is scheduled to issue its next earnings report before the market opens on Thursday, January 27th.
According to Zacks, analysts expect that MACOM Technology Solutions will report full year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.50 to $2.70. For the next fiscal year, analysts expect that the business will report earnings of $2.86 per share, with EPS estimates ranging from $2.75 to $3.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow MACOM Technology Solutions.
MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, November 4th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. MACOM Technology Solutions had a return on equity of 26.42% and a net margin of 6.26%. The business had revenue of $155.21 million for the quarter, compared to analysts’ expectations of $154.97 million. During the same period in the previous year, the business posted $0.28 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year.
Several brokerages have recently commented on MTSI. Stifel Nicolaus boosted their price objective on MACOM Technology Solutions from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 28th. Bank of America boosted their price objective on MACOM Technology Solutions from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 10th. Needham & Company LLC upped their target price on MACOM Technology Solutions from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, November 8th. Finally, Barclays upped their target price on MACOM Technology Solutions from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 5th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of “Buy” and a consensus price target of $77.25.
Shares of MTSI opened at $63.07 on Monday. The business’s 50-day moving average price is $74.04 and its 200-day moving average price is $67.65. MACOM Technology Solutions has a twelve month low of $48.68 and a twelve month high of $80.30. The stock has a market cap of $4.40 billion, a PE ratio of 119.00, a P/E/G ratio of 2.26 and a beta of 1.99. The company has a quick ratio of 4.72, a current ratio of 5.61 and a debt-to-equity ratio of 1.10.
In other news, SVP Ambra R. Roth sold 1,156 shares of the stock in a transaction that occurred on Friday, October 29th. The stock was sold at an average price of $70.00, for a total transaction of $80,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen G. Daly sold 25,941 shares of the stock in a transaction that occurred on Friday, October 29th. The shares were sold at an average price of $70.00, for a total value of $1,815,870.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,069 shares of company stock valued at $17,753,961. 30.10% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Clearstead Advisors LLC bought a new position in shares of MACOM Technology Solutions during the third quarter valued at approximately $30,000. Advisory Services Network LLC bought a new position in shares of MACOM Technology Solutions during the second quarter valued at approximately $58,000. Captrust Financial Advisors raised its holdings in shares of MACOM Technology Solutions by 27.6% during the third quarter. Captrust Financial Advisors now owns 901 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 195 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of MACOM Technology Solutions during the third quarter valued at approximately $150,000. Finally, FORA Capital LLC raised its holdings in shares of MACOM Technology Solutions by 18.1% during the second quarter. FORA Capital LLC now owns 2,867 shares of the semiconductor company’s stock valued at $184,000 after acquiring an additional 440 shares in the last quarter. Institutional investors own 71.73% of the company’s stock.
MACOM Technology Solutions Company Profile
MACOM Technology Solutions Holdings, Inc engages in the design, development, manufacture and market of semiconductor products for the telecommunications, industrial and defense and datacenter industries. Its 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.
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