MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.10-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.46. The company issued revenue guidance of $130-136 million, compared to the consensus revenue estimate of $173.91 million.

Several brokerages have weighed in on MTSI. BidaskClub cut MACOM Technology Solutions Holdings from a buy rating to a hold rating in a research note on Monday, July 31st. Zacks Investment Research cut MACOM Technology Solutions Holdings from a hold rating to a strong sell rating in a research note on Tuesday, August 8th. Needham & Company LLC reissued a buy rating and set a $56.00 price objective (down from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a buy rating and set a $61.00 price objective (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Finally, Barclays PLC reissued an overweight rating and set a $63.00 price objective (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. MACOM Technology Solutions Holdings currently has a consensus rating of Hold and an average target price of $49.67.

Shares of MACOM Technology Solutions Holdings, Inc. (MTSI) traded down $0.06 during trading hours on Tuesday, hitting $36.57. The company’s stock had a trading volume of 876,500 shares, compared to its average volume of 762,756. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $35.58 and a fifty-two week high of $65.99. The stock has a market capitalization of $2,352.89, a price-to-earnings ratio of 20.46, a PEG ratio of 0.98 and a beta of 1.40. The company has a quick ratio of 4.42, a current ratio of 5.61 and a debt-to-equity ratio of 0.87.

In other MACOM Technology Solutions Holdings news, Director Geoffrey G. Ribar bought 5,000 shares of the company’s stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $43.37 per share, for a total transaction of $216,850.00. Following the completion of the transaction, the director now directly owns 11,063 shares of the company’s stock, valued at $479,802.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Croteau sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total value of $90,400.00. The disclosure for this sale can be found here. Insiders have sold 5,500 shares of company stock valued at $247,340 in the last 90 days. Company insiders own 57.10% of the company’s stock.

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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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