Brokerages expect MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) to report $138.21 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for MACOM Technology Solutions’ earnings, with estimates ranging from $138.00 million to $139.28 million. MACOM Technology Solutions posted sales of $150.41 million during the same quarter last year, which would indicate a negative year over year growth rate of 8.1%. The company is scheduled to issue its next quarterly earnings report on Tuesday, May 7th.
On average, analysts expect that MACOM Technology Solutions will report full-year sales of $584.78 million for the current fiscal year, with estimates ranging from $578.00 million to $593.70 million. For the next year, analysts expect that the firm will post sales of $663.84 million, with estimates ranging from $628.00 million to $690.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for MACOM Technology Solutions.
MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. MACOM Technology Solutions had a positive return on equity of 1.78% and a negative net margin of 23.86%. The business had revenue of $150.69 million for the quarter, compared to analyst estimates of $153.14 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis.
MACOM Technology Solutions stock traded down $0.04 during trading on Wednesday, hitting $17.96. 307,784 shares of the company were exchanged, compared to its average volume of 475,337. MACOM Technology Solutions has a 52 week low of $13.07 and a 52 week high of $25.92. The company has a market capitalization of $1.17 billion, a P/E ratio of 128.29, a price-to-earnings-growth ratio of 8.39 and a beta of 2.35. The company has a current ratio of 4.93, a quick ratio of 3.63 and a debt-to-equity ratio of 1.05.
In other MACOM Technology Solutions news, insider John Croteau sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $17.08, for a total transaction of $68,320.00. Following the sale, the insider now owns 136,777 shares of the company’s stock, valued at approximately $2,336,151.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vivek Rajgarhia sold 3,949 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $17.95, for a total transaction of $70,884.55. Following the sale, the senior vice president now directly owns 91,217 shares in the company, valued at approximately $1,637,345.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,710 shares of company stock valued at $153,816. 32.40% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Yiheng Capital LLC lifted its holdings in MACOM Technology Solutions by 43.8% during the 4th quarter. Yiheng Capital LLC now owns 2,748,749 shares of the semiconductor company’s stock worth $39,884,000 after purchasing an additional 837,740 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of MACOM Technology Solutions by 203.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,043,898 shares of the semiconductor company’s stock valued at $15,147,000 after acquiring an additional 699,946 shares during the period. Royce & Associates LP boosted its position in shares of MACOM Technology Solutions by 40.5% in the third quarter. Royce & Associates LP now owns 854,775 shares of the semiconductor company’s stock valued at $17,608,000 after acquiring an additional 246,185 shares during the period. Canada Pension Plan Investment Board purchased a new position in MACOM Technology Solutions during the fourth quarter valued at approximately $1,940,000. Finally, Vanguard Group Inc grew its stake in MACOM Technology Solutions by 2.9% during the third quarter. Vanguard Group Inc now owns 4,015,004 shares of the semiconductor company’s stock valued at $82,709,000 after acquiring an additional 111,797 shares in the last quarter. Institutional investors own 76.30% of the company’s stock.
About MACOM Technology Solutions
MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.
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