Equities research analysts expect MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) to announce $0.13 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for MACOM Technology Solutions’ earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.11. MACOM Technology Solutions posted earnings of $0.57 per share in the same quarter last year, which would suggest a negative year over year growth rate of 77.2%. The firm is scheduled to report its next quarterly earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that MACOM Technology Solutions will report full-year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.85. For the next financial year, analysts forecast that the company will report earnings of $2.30 per share, with EPS estimates ranging from $1.93 to $2.64. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow MACOM Technology Solutions.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The company had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. During the same quarter in the prior year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.

A number of analysts have recently issued reports on MTSI shares. Zacks Investment Research downgraded MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Barclays dropped their price target on MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Jefferies Group set a $61.00 price target on MACOM Technology Solutions and gave the company a “buy” rating in a research report on Wednesday, October 18th. dropped their price target on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of MACOM Technology Solutions in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. MACOM Technology Solutions has an average rating of “Hold” and a consensus target price of $42.10.

Shares of MACOM Technology Solutions (MTSI) traded down $0.32 on Tuesday, hitting $32.27. The stock had a trading volume of 1,134,374 shares, compared to its average volume of 815,263. The company has a market cap of $2,070.00, a P/E ratio of 19.08, a PEG ratio of 1.60 and a beta of 1.40. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions has a 12-month low of $29.73 and a 12-month high of $65.99.

In related news, 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 transaction of $90,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 3,500 shares of company stock valued at $155,980. Corporate insiders own 57.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $105,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MACOM Technology Solutions by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 199 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of MACOM Technology Solutions by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 143 shares in the last quarter. BT Investment Management Ltd purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $162,000. Finally, Peddock Capital Advisors LLC raised its holdings in shares of MACOM Technology Solutions by 1,797.5% during the 2nd quarter. Peddock Capital Advisors LLC now owns 3,093 shares of the semiconductor company’s stock valued at $172,000 after buying an additional 2,930 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

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MACOM Technology Solutions 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.

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Earnings History and Estimates for MACOM Technology Solutions (NASDAQ:MTSI)

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