Brokerages Anticipate MACOM Technology Solutions Holdings Inc (MTSI) Will Post Quarterly Sales of $138.21 Million

Share on StockTwits

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.

MTSI has been the subject of several recent analyst reports. BidaskClub lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Zacks Investment Research cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. Goldman Sachs Group lowered shares of MACOM Technology Solutions from a “neutral” rating to a “sell” rating and increased their price objective for the company from $14.00 to $15.00 in a research note on Wednesday, March 27th. Finally, Needham & Company LLC dropped their target price on shares of MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, February 6th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.30.

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.

Recommended Story: Call Option

Get a free copy of the Zacks research report on MACOM Technology Solutions (MTSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for MACOM Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Bank of Montreal  Upgraded at Zacks Investment Research
Bank of Montreal Upgraded at Zacks Investment Research
Bank of New York Mellon  Downgraded by Deutsche Bank
Bank of New York Mellon Downgraded by Deutsche Bank
Banco Santander Brasil  Upgraded at Zacks Investment Research
Banco Santander Brasil Upgraded at Zacks Investment Research
British American Tobacco  Cut to “Underweight” at Morgan Stanley
British American Tobacco Cut to “Underweight” at Morgan Stanley
Boyd Gaming  Lifted to “Hold” at ValuEngine
Boyd Gaming Lifted to “Hold” at ValuEngine
Compania de Minas Buenaventura SAA  Cut to “Sell” at Zacks Investment Research
Compania de Minas Buenaventura SAA Cut to “Sell” at Zacks Investment Research


© 2006-2019 Ticker Report