$0.14 Earnings Per Share Expected for MACOM Technology Solutions Holdings Inc (MTSI) This Quarter

Brokerages expect that MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) will report $0.14 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for MACOM Technology Solutions’ earnings. The highest EPS estimate is $0.20 and the lowest is $0.12. MACOM Technology Solutions reported earnings per share of $0.63 during the same quarter last year, which indicates a negative year over year growth rate of 77.8%. The business is scheduled to report its next earnings report on Tuesday, April 24th.

On average, analysts expect that MACOM Technology Solutions will report full year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.28 to $1.37. For the next fiscal year, analysts anticipate that the business will report earnings of $1.37 per share, with EPS estimates ranging from $0.59 to $2.64. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow MACOM Technology Solutions.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The business had revenue of $130.93 million for the quarter, compared to the consensus estimate of $132.91 million. MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. MACOM Technology Solutions’s revenue was down 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS.

MTSI has been the subject of a number of recent analyst reports. DA Davidson upgraded MACOM Technology Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $32.00 to $43.00 in a report on Friday, January 5th. ValuEngine upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. decreased their target price on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Finally, Needham & Company LLC decreased their target price on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. MACOM Technology Solutions has an average rating of “Hold” and an average target price of $38.00.

In other news, SVP Robert Dennehy acquired 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was acquired at an average price of $20.43 per share, for a total transaction of $204,300.00. Following the completion of the acquisition, the senior vice president now owns 66,556 shares in the company, valued at $1,359,739.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Croteau sold 2,000 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $35.05, for a total value of $70,100.00. Following the completion of the transaction, the insider now owns 147,219 shares of the company’s stock, valued at approximately $5,160,025.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,750 shares of company stock valued at $158,518. 32.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTSI. Advisor Group Inc. grew its stake in shares of MACOM Technology Solutions by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 143 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of MACOM Technology Solutions by 4.5% in the second quarter. Parametric Portfolio Associates LLC now owns 37,015 shares of the semiconductor company’s stock worth $2,064,000 after acquiring an additional 1,608 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of MACOM Technology Solutions by 47.7% in the second quarter. Voya Investment Management LLC now owns 18,793 shares of the semiconductor company’s stock worth $1,048,000 after acquiring an additional 6,069 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of MACOM Technology Solutions by 28.7% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 13,448 shares of the semiconductor company’s stock worth $749,000 after acquiring an additional 3,000 shares during the last quarter. Finally, State Street Corp grew its stake in shares of MACOM Technology Solutions by 13.0% in the second quarter. State Street Corp now owns 924,113 shares of the semiconductor company’s stock worth $51,535,000 after acquiring an additional 106,517 shares during the last quarter. 87.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MACOM Technology Solutions (NASDAQ:MTSI) traded up $0.51 during trading on Wednesday, hitting $21.65. The company had a trading volume of 1,456,694 shares, compared to its average volume of 1,631,797. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.00 and a current ratio of 5.70. The company has a market capitalization of $1,390.00, a P/E ratio of -8.23 and a beta of 1.14. MACOM Technology Solutions has a one year low of $17.84 and a one year high of $65.99.

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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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