MACOM Technology Solutions Holdings, Inc. (MTSI) Issues Earnings Results, Misses Estimates By $0.01 EPS

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) released its earnings results on Tuesday. The semiconductor company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. MACOM Technology Solutions Holdings had a negative net margin of 24.26% and a positive return on equity of 15.58%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. MACOM Technology Solutions Holdings updated its Q1 guidance to $0.10-0.16 EPS.

MACOM Technology Solutions Holdings (MTSI) opened at $30.02 on Thursday. MACOM Technology Solutions Holdings has a 12 month low of $29.98 and a 12 month high of $65.99. The stock has a market capitalization of $2,351.60, a PE ratio of 21.53, a PEG ratio of 0.98 and a beta of 1.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 4.42 and a current ratio of 5.61.

MTSI has been the topic of a number of research analyst reports. BidaskClub cut MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus reduced their target price on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $61.00 price objective (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price objective (down from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $63.00 price objective (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.10.

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In other MACOM Technology Solutions Holdings news, Director Geoffrey G. Ribar bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average cost of $43.37 per share, with a total value of $216,850.00. Following the completion of the purchase, the director now directly owns 11,063 shares of the company’s stock, valued at $479,802.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $45.20, for a total value of $90,400.00. The disclosure for this sale can be found here. Insiders sold 5,500 shares of company stock worth $247,340 over the last three months. 42.30% of the stock is owned by insiders.

MACOM Technology Solutions Holdings Company Profile

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

Earnings History for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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