MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) issued its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.01, Briefing.com reports. MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The company had revenue of $194.56 million for the quarter, compared to the consensus estimate of $194.93 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. MACOM Technology Solutions Holdings’s revenue was up 36.7% compared to the same quarter last year. MACOM Technology Solutions Holdings updated its Q4 guidance to $0.45-0.50 EPS.
Shares of MACOM Technology Solutions Holdings (NASDAQ MTSI) traded down 2.72% on Friday, reaching $39.67. The company’s stock had a trading volume of 1,064,607 shares. MACOM Technology Solutions Holdings has a 12-month low of $35.33 and a 12-month high of $65.99. The firm has a 50 day moving average price of $53.43 and a 200-day moving average price of $51.54. The stock’s market cap is $2.55 billion.
In other news, Chairman John L. Ocampo sold 299,500 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $57.34, for a total transaction of $17,173,330.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles R. Bland sold 750 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.73, for a total value of $45,547.50. Following the transaction, the director now owns 24,390 shares of the company’s stock, valued at $1,481,204.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 414,435 shares of company stock valued at $24,203,559. 42.30% of the stock is owned by insiders.
MACOM Technology Solutions Holdings Company Profile
MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.
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