Brokerages Expect MACOM Technology Solutions Holdings, Inc. (MTSI) Will Announce Earnings of $0.13 Per Share

Equities analysts predict that MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) will report earnings per share of $0.13 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for MACOM Technology Solutions’ earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.11. MACOM Technology Solutions reported earnings of $0.57 per share during the same quarter last year, which would suggest a negative year over year growth rate of 77.2%. The business is expected to report its next quarterly earnings report on Tuesday, January 30th.

On average, analysts expect that MACOM Technology Solutions will report full-year earnings of $1.47 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.85. For the next fiscal year, analysts anticipate that the business will post earnings of $2.30 per share, with EPS estimates ranging from $1.93 to $2.64. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover MACOM Technology Solutions.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The business had revenue of $166.40 million for the quarter, compared to analyst estimates of $171.80 million. During the same period in the prior year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis.

A number of brokerages have recently weighed in on MTSI. Stifel Nicolaus cut their price objective on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, November 15th. Barclays cut their price objective on MACOM Technology Solutions from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, November 15th. DA Davidson began coverage on MACOM Technology Solutions in a report on Monday, October 16th. They issued a “neutral” rating and a $45.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $56.00 price objective on shares of MACOM Technology Solutions in a report on Tuesday, September 5th. Finally, J P Morgan Chase & Co cut their price objective on MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. MACOM Technology Solutions has an average rating of “Hold” and an average price target of $42.10.

Shares of MACOM Technology Solutions (MTSI) traded up $1.17 during trading hours on Friday, reaching $32.87. The company had a trading volume of 866,676 shares, compared to its average volume of 958,255. The company has a quick ratio of 3.64, a current ratio of 4.81 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2,037.16, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.56 and a beta of 1.31. MACOM Technology Solutions has a 12 month low of $29.73 and a 12 month high of $65.99.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $45.20, for a total transaction of $90,400.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 5,250 shares of company stock worth $205,225 in the last 90 days. Company insiders own 42.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of MTSI. Ameriprise Financial Inc. lifted its position in shares of MACOM Technology Solutions by 122.6% in the third quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock valued at $280,034,000 after acquiring an additional 3,457,245 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of MACOM Technology Solutions by 603.9% in the second quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock valued at $118,111,000 after acquiring an additional 1,816,972 shares in the last quarter. Bamco Inc. NY lifted its position in shares of MACOM Technology Solutions by 528.8% in the third quarter. Bamco Inc. NY now owns 940,121 shares of the semiconductor company’s stock valued at $41,939,000 after acquiring an additional 790,621 shares in the last quarter. Capital Research Global Investors purchased a new position in shares of MACOM Technology Solutions in the second quarter valued at approximately $42,368,000. Finally, BlackRock Inc. lifted its position in shares of MACOM Technology Solutions by 16.7% in the second quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock valued at $133,565,000 after acquiring an additional 342,102 shares in the last quarter. Institutional investors own 88.18% of the company’s stock.

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About MACOM Technology Solutions

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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Earnings History and Estimates for MACOM Technology Solutions (NASDAQ:MTSI)

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