MACOM Technology Solutions (MTSI) Scheduled to Post Quarterly Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect MACOM Technology Solutions to post earnings of $0.58 per share for the quarter. MACOM Technology Solutions has set its Q2 guidance at $0.56-0.62 EPS and its Q2 2024 guidance at 0.560-0.620 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The company had revenue of $157.15 million during the quarter, compared to analysts’ expectations of $151.12 million. On average, analysts expect MACOM Technology Solutions to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $104.00 on Tuesday. MACOM Technology Solutions has a 12-month low of $48.53 and a 12-month high of $104.90. The business has a 50-day simple moving average of $94.58 and a two-hundred day simple moving average of $87.60. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.50 billion, a PE ratio of 100.00, a PEG ratio of 6.44 and a beta of 1.64.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTSI. TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Evercore ISI began coverage on MACOM Technology Solutions in a report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 target price for the company. Barclays upped their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Needham & Company LLC upped their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus upped their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average target price of $99.67.

Insider Buying and Selling

In related news, SVP Robert Dennehy sold 2,370 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.88, for a total transaction of $210,645.60. Following the transaction, the senior vice president now directly owns 32,827 shares of the company’s stock, valued at approximately $2,917,663.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Robert Dennehy sold 2,370 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.88, for a total transaction of $210,645.60. Following the transaction, the senior vice president now directly owns 32,827 shares of the company’s stock, valued at approximately $2,917,663.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Wayne Mack Struble sold 1,019 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the transaction, the senior vice president now directly owns 15,649 shares in the company, valued at $1,347,691.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 804,824 shares of company stock valued at $68,127,415. 22.75% of the stock is owned by company insiders.

About MACOM Technology Solutions

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, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.