MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Expected to Post Quarterly Sales of $169.50 Million

Wall Street analysts predict that MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) will post sales of $169.50 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for MACOM Technology Solutions Holdings’ earnings. MACOM Technology Solutions Holdings posted sales of $152.70 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The firm is scheduled to issue its next earnings results on Tuesday, November 21st.

On average, analysts expect that MACOM Technology Solutions Holdings will report full year sales of $169.50 million for the current year, with estimates ranging from $701.89 million to $738.60 million. For the next year, analysts forecast that the company will report sales of $834.63 million per share, with estimates ranging from $806.23 million to $897.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for MACOM Technology Solutions Holdings.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.01. The company had revenue of $194.56 million during the quarter, compared to analysts’ expectations of $194.93 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. MACOM Technology Solutions Holdings’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share.

A number of equities research analysts have issued reports on MTSI shares. Needham & Company LLC upped their price objective on MACOM Technology Solutions Holdings from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. BidaskClub downgraded MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC upped their price objective on MACOM Technology Solutions Holdings from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Stifel Nicolaus upped their price objective on MACOM Technology Solutions Holdings from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Finally, Zacks Investment Research downgraded MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $55.50.

In other news, Chairman John L. Ocampo sold 500 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $56.84, for a total value of $28,420.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Charles R. Bland sold 1,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $59.35, for a total value of $59,350.00. Following the completion of the sale, the director now owns 26,840 shares in the company, valued at $1,592,954. The disclosure for this sale can be found here. Over the last quarter, insiders sold 495,205 shares of company stock worth $28,724,537. Company insiders own 57.10% of the company’s stock.

Large investors have recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of MACOM Technology Solutions Holdings during the second quarter valued at $105,000. First Mercantile Trust Co. increased its stake in shares of MACOM Technology Solutions Holdings by 24.2% in the first quarter. First Mercantile Trust Co. now owns 2,372 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 462 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of MACOM Technology Solutions Holdings during the first quarter valued at $116,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MACOM Technology Solutions Holdings by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 199 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of MACOM Technology Solutions Holdings by 7.9% in the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 72.99% of the company’s stock.

MACOM Technology Solutions Holdings (NASDAQ MTSI) opened at 43.82 on Wednesday. The firm has a 50-day moving average price of $57.93 and a 200-day moving average price of $51.99. MACOM Technology Solutions Holdings has a 52 week low of $35.33 and a 52 week high of $65.99. The stock’s market capitalization is $2.81 billion.

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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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