MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) – Research analysts at Jefferies Group reduced their FY2017 EPS estimates for MACOM Technology Solutions Holdings in a research note issued to investors on Wednesday. Jefferies Group analyst M. Lipacis now forecasts that the semiconductor company will earn $1.71 per share for the year, down from their previous estimate of $2.03. Jefferies Group currently has a “Buy” rating and a $61.00 target price on the stock. Jefferies Group also issued estimates for MACOM Technology Solutions Holdings’ Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.28 EPS and FY2018 earnings at $2.14 EPS.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.01. MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm had revenue of $194.56 million during the quarter, compared to the consensus estimate of $194.93 million. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 36.7% compared to the same quarter last year.

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Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus restated a “buy” rating and issued a $64.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Friday, July 14th. BidaskClub upgraded MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Needham & Company LLC restated a “buy” rating and issued a $56.00 price target (down previously from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Zacks Investment Research cut MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Finally, Barclays PLC reiterated an “overweight” rating and set a $63.00 price objective (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $55.50.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) opened at 42.33 on Monday. The company’s 50-day moving average is $59.01 and its 200-day moving average is $52.17. MACOM Technology Solutions Holdings has a 12 month low of $35.33 and a 12 month high of $65.99. The company’s market cap is $2.71 billion.

In other news, Chairman John L. Ocampo sold 299,500 shares of MACOM Technology Solutions Holdings stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $57.34, for a total transaction of $17,173,330.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert Mcmullan sold 30,000 shares of MACOM Technology Solutions Holdings stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $56.24, for a total value of $1,687,200.00. Following the sale, the chief financial officer now directly owns 64,506 shares in the company, valued at $3,627,817.44. The disclosure for this sale can be found here. Insiders sold 495,205 shares of company stock worth $28,724,537 over the last ninety days. 57.10% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Prudential Financial Inc. purchased a new stake in MACOM Technology Solutions Holdings during the second quarter valued at approximately $236,000. Royce & Associates LP boosted its position in MACOM Technology Solutions Holdings by 20.3% in the second quarter. Royce & Associates LP now owns 103,500 shares of the semiconductor company’s stock valued at $5,772,000 after buying an additional 17,500 shares in the last quarter. Peddock Capital Advisors LLC boosted its position in MACOM Technology Solutions Holdings by 1,797.5% in the second quarter. Peddock Capital Advisors LLC now owns 3,093 shares of the semiconductor company’s stock valued at $172,000 after buying an additional 2,930 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in MACOM Technology Solutions Holdings by 44.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,976 shares of the semiconductor company’s stock valued at $1,170,000 after buying an additional 6,490 shares in the last quarter. Finally, Turner Investments LLC boosted its position in MACOM Technology Solutions Holdings by 181.3% in the second quarter. Turner Investments LLC now owns 11,250 shares of the semiconductor company’s stock valued at $627,000 after buying an additional 7,250 shares in the last quarter. Institutional investors own 72.99% of the company’s stock.

About MACOM Technology Solutions Holdings

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.

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

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