Wall Street brokerages predict that MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) will report $145.40 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for MACOM Technology Solutions’ earnings, with the highest sales estimate coming in at $146.00 million and the lowest estimate coming in at $144.00 million. MACOM Technology Solutions reported sales of $186.08 million during the same quarter last year, which indicates a negative year-over-year growth rate of 21.9%. The company is scheduled to report its next earnings results on Tuesday, April 24th.
On average, analysts expect that MACOM Technology Solutions will report full-year sales of $145.40 million for the current fiscal year, with estimates ranging from $574.80 million to $646.30 million. For the next financial year, analysts expect that the company will report sales of $716.90 million per share, with estimates ranging from $643.20 million to $863.30 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for MACOM Technology Solutions.
MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data 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 company had revenue of $130.93 million during 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%. The company’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 EPS.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded MACOM Technology Solutions from a “strong sell” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Wednesday, January 17th. Bank of America downgraded MACOM Technology Solutions from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 15th. Barclays dropped their price objective on MACOM Technology Solutions from $50.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. JPMorgan Chase & Co. dropped their price objective on MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. Finally, DA Davidson dropped their price objective on MACOM Technology Solutions to $32.00 and set a “neutral” rating for the company in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.77.
MACOM Technology Solutions (NASDAQ:MTSI) traded down $0.52 during midday trading on Monday, reaching $21.31. The company had a trading volume of 971,900 shares, compared to its average volume of 1,508,526. The company has a market capitalization of $1,431.09, a P/E ratio of -6.20 and a beta of 1.43. The company has a quick ratio of 4.00, a current ratio of 5.70 and a debt-to-equity ratio of 0.89. MACOM Technology Solutions has a fifty-two week low of $17.84 and a fifty-two week high of $65.99.
In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 147,219 shares of the company’s stock, valued at $5,160,025.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang bought 2,500 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was acquired at an average cost of $21.70 per share, with a total value of $54,250.00. Following the completion of the purchase, the senior vice president now owns 35,501 shares of the company’s stock, valued at approximately $770,371.70. The disclosure for this purchase can be found here. Over the last three months, insiders sold 2,750 shares of company stock valued at $91,765. Insiders own 32.20% of the company’s stock.
Large investors have recently bought and sold shares of the business. GW&K Investment Management LLC grew its stake in MACOM Technology Solutions by 4.8% in the fourth quarter. GW&K Investment Management LLC now owns 763,034 shares of the semiconductor company’s stock valued at $24,829,000 after acquiring an additional 35,084 shares during the period. Quadrature Capital Ltd acquired a new position in shares of MACOM Technology Solutions during the fourth quarter worth about $802,000. Cramer Rosenthal Mcglynn LLC boosted its position in shares of MACOM Technology Solutions by 45.6% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 950,052 shares of the semiconductor company’s stock worth $42,382,000 after buying an additional 297,456 shares during the period. Jennison Associates LLC boosted its position in shares of MACOM Technology Solutions by 3.2% during the third quarter. Jennison Associates LLC now owns 2,140,833 shares of the semiconductor company’s stock worth $95,503,000 after buying an additional 65,664 shares during the period. Finally, Summit Partners L P boosted its position in shares of MACOM Technology Solutions by 16.3% during the fourth quarter. Summit Partners L P now owns 20,251 shares of the semiconductor company’s stock worth $659,000 after buying an additional 2,835 shares during the period. 90.37% of the stock is owned by hedge funds and other institutional investors.
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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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