Analysts forecast that MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) will report $0.16 earnings per share for the current quarter, according to Zacks. Seven analysts have issued estimates for MACOM Technology Solutions’ earnings. The highest EPS estimate is $0.17 and the lowest is $0.15. MACOM Technology Solutions posted earnings per share of $0.46 in the same quarter last year, which suggests a negative year-over-year growth rate of 65.2%. The business is expected to issue its next quarterly earnings report on Tuesday, November 13th.

On average, analysts expect that MACOM Technology Solutions will report full year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.53. For the next 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 an average based on a survey of sell-side analysts that that provide coverage for MACOM Technology Solutions.

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

Several brokerages have recently weighed in on MTSI. Stifel Nicolaus upped their price objective on shares of MACOM Technology Solutions from $18.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, July 19th. BidaskClub lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. Craig Hallum set a $26.00 price objective on shares of MACOM Technology Solutions and gave the company an “in-line” rating in a report on Wednesday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective on shares of MACOM Technology Solutions in a report on Wednesday, August 1st. Finally, Bank of America upped their price objective on shares of MACOM Technology Solutions from $18.00 to $19.00 and gave the company an “underperform” rating in a report on Wednesday, August 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. MACOM Technology Solutions currently has an average rating of “Hold” and a consensus target price of $32.40.

In other news, insider John Croteau sold 4,000 shares of the business’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $21.05, for a total transaction of $84,200.00. Following the completion of the sale, the insider now directly owns 115,118 shares of the company’s stock, valued at $2,423,233.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman John L. Ocampo bought 97,800 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were acquired at an average cost of $20.95 per share, with a total value of $2,048,910.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 4,500 shares of company stock valued at $95,258. 32.20% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in MACOM Technology Solutions by 111.4% in the 1st 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 in the last quarter. Yiheng Capital LLC grew its position in MACOM Technology Solutions by 127.0% in the 2nd 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 in the last quarter. Neuberger Berman Group LLC grew its position in MACOM Technology Solutions by 61.6% in the 1st 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 in the last quarter. Royce & Associates LP bought a new stake in MACOM Technology Solutions in the 2nd quarter worth about $14,022,000. Finally, BlackRock Inc. grew its position in MACOM Technology Solutions by 18.1% in the 2nd quarter. BlackRock Inc. now owns 2,949,740 shares of the semiconductor company’s stock worth $67,961,000 after purchasing an additional 451,605 shares in the last quarter. 89.89% of the stock is owned by institutional investors.

MTSI stock traded down $0.03 during midday trading on Friday, hitting $21.27. The stock had a trading volume of 8,741 shares, compared to its average volume of 1,004,843. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 35.56 and a beta of 1.75. The company has a quick ratio of 3.62, a current ratio of 4.97 and a debt-to-equity ratio of 1.01. MACOM Technology Solutions has a 1-year low of $15.46 and a 1-year high of $45.72.

MACOM Technology Solutions Company Profile

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

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