MACOM Technology Solutions (NASDAQ:MTSI) Issues Q3 Earnings Guidance

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MACOM Technology Solutions (NASDAQ:MTSI) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of ($0.45)-($0.41) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.06). The company issued revenue guidance of $107-$109 million, compared to the consensus revenue estimate of $122.32 million.

MACOM Technology Solutions stock remained flat at $$14.42 during trading on Tuesday. 1,297,365 shares of the company were exchanged, compared to its average volume of 756,726. MACOM Technology Solutions has a 1 year low of $12.33 and a 1 year high of $25.82. The firm has a market cap of $947.39 million, a PE ratio of 103.00 and a beta of 2.02. The company has a quick ratio of 3.66, a current ratio of 5.01 and a debt-to-equity ratio of 1.11.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.09. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. The firm had revenue of $128.47 million for the quarter, compared to analysts’ expectations of $121.06 million. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, sell-side analysts predict that MACOM Technology Solutions will post -0.5 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on MTSI shares. Zacks Investment Research raised shares of MACOM Technology Solutions from a sell rating to a hold rating in a research note on Wednesday, April 10th. Craig Hallum raised shares of MACOM Technology Solutions from a hold rating to a buy rating and set a $25.00 price target on the stock in a research note on Wednesday, May 8th. BidaskClub cut shares of MACOM Technology Solutions from a hold rating to a sell rating in a research note on Tuesday, April 30th. ValuEngine lowered MACOM Technology Solutions from a buy rating to a hold rating in a report on Thursday, April 11th. Finally, Evercore ISI lowered MACOM Technology Solutions from an outperform rating to an inline rating in a report on Thursday, April 25th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. MACOM Technology Solutions presently has a consensus rating of Hold and an average target price of $18.40.

In other news, Chairman John L. Ocampo acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were bought at an average price of $13.30 per share, for a total transaction of $1,330,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Vivek Rajgarhia sold 1,782 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $18.41, for a total value of $32,806.62. Following the completion of the transaction, the senior vice president now owns 89,435 shares in the company, valued at approximately $1,646,498.35. The disclosure for this sale can be found here. Company insiders own 32.40% of the company’s stock.

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

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