Analysts expect MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) to post sales of $170.03 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for MACOM Technology Solutions’ earnings, with estimates ranging from $170.00 million to $170.20 million. MACOM Technology Solutions posted sales of $152.62 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.4%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that MACOM Technology Solutions will report full year sales of $671.35 million for the current financial year, with estimates ranging from $667.80 million to $673.30 million. For the next year, analysts anticipate that the company will post sales of $737.34 million, with estimates ranging from $727.00 million to $752.92 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover MACOM Technology Solutions.
MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02. MACOM Technology Solutions had a net margin of 31.70% and a return on equity of 27.62%. The firm had revenue of $165.15 million for the quarter, compared to analyst estimates of $163.14 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year.
Several analysts have issued reports on MTSI shares. Cowen dropped their price target on shares of MACOM Technology Solutions from $80.00 to $72.00 in a research report on Friday, April 29th. Zacks Investment Research upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Monday, January 31st. Bank of America upped their price objective on shares of MACOM Technology Solutions from $83.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 10th. Benchmark decreased their price objective on shares of MACOM Technology Solutions from $75.00 to $65.00 in a report on Friday, April 29th. Finally, StockNews.com initiated coverage on shares of MACOM Technology Solutions in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $75.10.
NASDAQ MTSI opened at $52.34 on Friday. The company has a current ratio of 7.49, a quick ratio of 6.50 and a debt-to-equity ratio of 1.09. The firm’s fifty day moving average price is $56.00 and its two-hundred day moving average price is $65.08. MACOM Technology Solutions has a 1 year low of $48.68 and a 1 year high of $80.30. The firm has a market capitalization of $3.66 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 1.56 and a beta of 2.02.
In related news, CFO John Kober sold 6,015 shares of the company’s stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $60.47, for a total value of $363,727.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 6,515 shares of company stock worth $392,765 over the last 90 days. 28.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Peapack Gladstone Financial Corp grew its stake in MACOM Technology Solutions by 5.5% during the fourth quarter. Peapack Gladstone Financial Corp now owns 3,294 shares of the semiconductor company’s stock worth $258,000 after buying an additional 173 shares in the last quarter. Hilton Capital Management LLC grew its stake in MACOM Technology Solutions by 4.9% during the fourth quarter. Hilton Capital Management LLC now owns 3,805 shares of the semiconductor company’s stock worth $298,000 after buying an additional 177 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of MACOM Technology Solutions by 0.4% in the fourth quarter. Allianz Asset Management GmbH now owns 50,031 shares of the semiconductor company’s stock worth $3,917,000 after acquiring an additional 178 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of MACOM Technology Solutions by 0.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 35,996 shares of the semiconductor company’s stock worth $2,335,000 after acquiring an additional 191 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of MACOM Technology Solutions by 27.6% in the third quarter. Captrust Financial Advisors now owns 901 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 97.56% of the company’s stock.
MACOM Technology Solutions Company Profile (Get Rating)
MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, the Asia Pacific, and internationally.
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