MACOM Technology Solutions (NASDAQ:MTSI) is scheduled to be posting its quarterly earnings results after the market closes on Monday, April 23rd. Analysts expect MACOM Technology Solutions to post earnings of $0.12 per share for the quarter. MACOM Technology Solutions has set its Q2 guidance at $0.10-0.16 EPS.
MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. The business had revenue of $130.93 million for the quarter, compared to analysts’ expectations of $132.91 million. During the same quarter in the prior year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was down 13.7% on a year-over-year basis. On average, analysts expect MACOM Technology Solutions to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of MTSI opened at $17.03 on Friday. The company has a current ratio of 5.70, a quick ratio of 4.00 and a debt-to-equity ratio of 0.89. MACOM Technology Solutions has a 12 month low of $15.46 and a 12 month high of $65.99. The firm has a market cap of $1,152.22, a price-to-earnings ratio of 9.06 and a beta of 1.60.
In related news, SVP Robert Dennehy bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average cost of $20.43 per share, with a total value of $204,300.00. Following the acquisition, the senior vice president now owns 66,556 shares in the company, valued at $1,359,739.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donghyun Thomas Hwang bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was bought at an average cost of $21.70 per share, for a total transaction of $54,250.00. Following the completion of the acquisition, the senior vice president now owns 35,501 shares in the company, valued at approximately $770,371.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 750 shares of company stock worth $16,938. Company insiders own 32.20% of the company’s stock.
Several analysts have 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 target price on the stock in a research note on Wednesday, January 17th. DA Davidson upgraded MACOM Technology Solutions from a “neutral” rating to a “buy” rating and raised their price target for the stock from $32.00 to $43.00 in a research note on Friday, January 5th. BidaskClub downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. ValuEngine upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, JPMorgan Chase downgraded MACOM Technology Solutions from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.73.
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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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