$0.16 Earnings Per Share Expected for MACOM Technology Solutions Holdings Inc (MTSI) This Quarter

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Wall Street brokerages predict that MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) will post earnings of $0.16 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for MACOM Technology Solutions’ earnings, with estimates ranging from $0.15 to $0.17. MACOM Technology Solutions reported earnings of $0.46 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 65.2%. The firm is expected to issue its next earnings results on Tuesday, November 13th.

According to Zacks, analysts expect that MACOM Technology Solutions will report full year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.53. For the next fiscal year, analysts expect that the firm will post earnings of $1.11 per share, with EPS estimates ranging from $0.85 to $1.45. Zacks’ EPS averages are a mean average based on a survey of research firms that cover MACOM Technology Solutions.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. MACOM Technology Solutions had a negative net margin of 22.92% and a positive return on equity of 3.33%. The company had revenue of $137.87 million for the quarter, compared to the consensus estimate of $146.71 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. MACOM Technology Solutions’s revenue was down 29.1% on a year-over-year basis.

MTSI has been the topic of several recent analyst reports. BidaskClub raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, July 7th. Craig Hallum set a $26.00 target price on shares of MACOM Technology Solutions and gave the company an “in-line” rating in a research note on Wednesday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price on shares of MACOM Technology Solutions in a research note on Wednesday, August 1st. JPMorgan Chase & Co. downgraded shares of MACOM Technology Solutions from a “neutral” rating to an “underweight” rating and set a $45.00 target price on the stock. in a research note on Tuesday, August 14th. Finally, Bank of America increased their target price on shares of MACOM Technology Solutions from $18.00 to $19.00 and gave the company an “underperform” rating in a research note on Wednesday, August 1st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. MACOM Technology Solutions presently has a consensus rating of “Hold” and a consensus target price of $32.53.

In related news, Chairman John L. Ocampo purchased 97,800 shares of the business’s stock in a transaction dated Friday, August 3rd. The shares were purchased at an average cost of $20.95 per share, for a total transaction of $2,048,910.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Croteau sold 4,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $21.05, for a total transaction of $84,200.00. Following the completion of the transaction, the insider now owns 115,118 shares in the company, valued at $2,423,233.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,500 shares of company stock worth $95,258. Company insiders own 32.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MTSI. Royal Bank of Canada grew its holdings in shares of MACOM Technology Solutions by 111.4% in the first quarter. Royal Bank of Canada now owns 3,326,435 shares of the semiconductor company’s stock worth $55,217,000 after purchasing an additional 1,752,712 shares during the last quarter. Yiheng Capital LLC grew its holdings in shares of MACOM Technology Solutions by 127.0% in the second quarter. Yiheng Capital LLC now owns 1,911,009 shares of the semiconductor company’s stock worth $44,030,000 after purchasing an additional 1,069,069 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of MACOM Technology Solutions by 61.6% in the first quarter. Neuberger Berman Group LLC now owns 1,795,967 shares of the semiconductor company’s stock worth $29,797,000 after purchasing an additional 684,539 shares during the last quarter. Royce & Associates LP bought a new position in shares of MACOM Technology Solutions in the second quarter worth about $14,022,000. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of MACOM Technology Solutions by 15.9% in the first quarter. Frontier Capital Management Co. LLC now owns 3,500,216 shares of the semiconductor company’s stock worth $58,104,000 after purchasing an additional 480,566 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Shares of MTSI traded down $0.87 during midday trading on Thursday, hitting $21.81. The stock had a trading volume of 394,900 shares, compared to its average volume of 1,018,206. MACOM Technology Solutions has a 1 year low of $15.46 and a 1 year high of $46.33. The company has a market cap of $1.50 billion, a P/E ratio of 12.00, a P/E/G ratio of 39.74 and a beta of 1.75. The company has a current ratio of 4.97, a quick ratio of 3.62 and a debt-to-equity ratio of 1.01.

About MACOM Technology Solutions

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

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