Q2 2019 EPS Estimates for MACOM Technology Solutions Holdings Inc (MTSI) Cut by Analyst

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) – Investment analysts at Jefferies Financial Group dropped their Q2 2019 earnings estimates for shares of MACOM Technology Solutions in a report released on Wednesday, February 6th. Jefferies Financial Group analyst M. Lipacis now anticipates that the semiconductor company will earn ($0.05) per share for the quarter, down from their prior forecast of $0.17. Jefferies Financial Group also issued estimates for MACOM Technology Solutions’ Q3 2019 earnings at ($0.01) EPS, Q4 2019 earnings at $0.10 EPS, FY2019 earnings at $0.11 EPS, Q1 2020 earnings at $0.14 EPS and FY2020 earnings at $0.58 EPS.

Several other research analysts have also issued reports on MTSI. ValuEngine lowered shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Zacks Investment Research raised shares of MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, November 19th. Needham & Company LLC cut their target price on shares of MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, February 6th. BidaskClub raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Craig Hallum lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $23.00 to $19.00 in a research note on Wednesday, February 6th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.25.

Shares of NASDAQ MTSI opened at $16.96 on Monday. The firm has a market cap of $1.08 billion, a P/E ratio of 121.14, a P/E/G ratio of 9.89 and a beta of 2.32. MACOM Technology Solutions has a 12-month low of $13.07 and a 12-month high of $25.92. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.63 and a current ratio of 4.93.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $150.69 million for the quarter, compared to analyst estimates of $153.14 million. MACOM Technology Solutions had a negative net margin of 23.86% and a positive return on equity of 1.78%. MACOM Technology Solutions’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share.

Several hedge funds have recently made changes to their positions in MTSI. Millennium Management LLC purchased a new stake in shares of MACOM Technology Solutions in the second quarter valued at about $3,371,000. Bank of New York Mellon Corp raised its holdings in shares of MACOM Technology Solutions by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 349,893 shares of the semiconductor company’s stock valued at $8,061,000 after purchasing an additional 66,627 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at about $544,000. Russell Investments Group Ltd. raised its holdings in shares of MACOM Technology Solutions by 36.4% in the third quarter. Russell Investments Group Ltd. now owns 157,970 shares of the semiconductor company’s stock valued at $3,253,000 after purchasing an additional 42,145 shares during the last quarter. Finally, Colrain Capital LLC raised its holdings in shares of MACOM Technology Solutions by 28.1% in the third quarter. Colrain Capital LLC now owns 135,675 shares of the semiconductor company’s stock valued at $2,795,000 after purchasing an additional 29,725 shares during the last quarter. Institutional investors own 83.49% of the company’s stock.

In other MACOM Technology Solutions news, CFO Robert Mcmullan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $16.91, for a total value of $253,650.00. Following the transaction, the chief financial officer now directly owns 52,561 shares of the company’s stock, valued at $888,806.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alex Behfar sold 6,043 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $17.07, for a total transaction of $103,154.01. Following the completion of the sale, the senior vice president now owns 50,329 shares of the company’s stock, valued at approximately $859,116.03. The disclosure for this sale can be found here. Insiders sold 27,043 shares of company stock worth $459,764 over the last ninety days. Insiders own 32.40% of the company’s stock.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

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

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