MACOM Technology Solutions (MTSI) Set to Announce Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect MACOM Technology Solutions to post earnings of $0.73 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI opened at $116.69 on Wednesday. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. MACOM Technology Solutions has a twelve month low of $72.15 and a twelve month high of $122.60. The stock has a market cap of $8.42 billion, a P/E ratio of 119.07, a price-to-earnings-growth ratio of 4.29 and a beta of 1.69. The firm’s fifty day simple moving average is $109.09 and its 200 day simple moving average is $105.94.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTSI. Stifel Nicolaus boosted their price target on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. increased their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays increased their price objective on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Benchmark restated a “buy” rating and set a $120.00 target price on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Insider Activity

In related news, Director Susan Ocampo sold 95,743 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $103.18, for a total transaction of $9,878,762.74. Following the sale, the director now directly owns 6,876,284 shares of the company’s stock, valued at approximately $709,494,983.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Susan Ocampo sold 95,743 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $103.18, for a total value of $9,878,762.74. Following the transaction, the director now directly owns 6,876,284 shares of the company’s stock, valued at approximately $709,494,983.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Kober sold 2,671 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $117.47, for a total value of $313,762.37. Following the sale, the chief financial officer now owns 47,221 shares in the company, valued at approximately $5,547,050.87. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 669,396 shares of company stock worth $71,106,808 over the last three months. 22.75% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Company Profile

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.