Brokerages expect MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) to report $163.24 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for MACOM Technology Solutions’ earnings, with the lowest sales estimate coming in at $162.98 million and the highest estimate coming in at $164.00 million. MACOM Technology Solutions posted sales of $150.58 million in the same quarter last year, which suggests a positive year over year growth rate of 8.4%. The business is scheduled to report its next earnings report before the market opens on Monday, January 1st.
On average, analysts expect that MACOM Technology Solutions will report full year sales of $668.98 million for the current fiscal year, with estimates ranging from $667.60 million to $670.10 million. For the next fiscal year, analysts expect that the business will post sales of $741.62 million, with estimates ranging from $734.00 million to $749.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for MACOM Technology Solutions.
MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last posted its earnings results on Thursday, January 27th. The semiconductor company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). MACOM Technology Solutions had a net margin of 30.06% and a return on equity of 26.84%. The firm had revenue of $159.62 million for the quarter, compared to analysts’ expectations of $158.99 million. During the same period in the previous year, the company earned $0.26 EPS. The company’s revenue was up 7.5% on a year-over-year basis.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, January 31st. Cowen decreased their price target on shares of MACOM Technology Solutions from $85.00 to $80.00 in a report on Friday, January 28th. Bank of America raised their price target on shares of MACOM Technology Solutions from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 10th. Craig Hallum reduced their target price on shares of MACOM Technology Solutions from $95.00 to $70.00 and set a “buy” rating for the company in a report on Thursday. Finally, Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 28th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $81.86.
In other MACOM Technology Solutions news, CFO John Kober sold 5,000 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $60.17, for a total transaction of $300,850.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 11,815 shares of company stock worth $712,062 over the last ninety days. 28.30% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its position in shares of MACOM Technology Solutions by 357.7% in the 4th quarter. First Horizon Advisors Inc. now owns 357 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 279 shares during the last quarter. Clearstead Advisors LLC purchased a new position in MACOM Technology Solutions during the 3rd quarter worth $30,000. CWM LLC purchased a new position in MACOM Technology Solutions during the 4th quarter worth $33,000. Captrust Financial Advisors grew its position in MACOM Technology Solutions by 27.6% during the 3rd quarter. Captrust Financial Advisors now owns 901 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 195 shares during the last quarter. Finally, Covestor Ltd purchased a new position in MACOM Technology Solutions during the 4th quarter worth $64,000. Institutional investors own 97.92% of the company’s stock.
NASDAQ:MTSI opened at $50.90 on Friday. MACOM Technology Solutions has a 52 week low of $48.68 and a 52 week high of $80.30. The firm has a 50 day moving average of $58.10 and a 200 day moving average of $66.37. The company has a quick ratio of 6.00, a current ratio of 6.91 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.52 and a beta of 2.05.
About MACOM Technology Solutions (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.
Recommended Stories
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
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.
Gloss