Equities research analysts expect MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) to announce sales of $170.17 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for MACOM Technology Solutions Holdings’ earnings. The lowest sales estimate is $169.50 million and the highest is $172.00 million. MACOM Technology Solutions Holdings reported sales of $152.70 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.4%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, November 14th.

On average, analysts expect that MACOM Technology Solutions Holdings will report full-year sales of $170.17 million for the current fiscal year, with estimates ranging from $701.89 million to $704.40 million. For the next fiscal year, analysts expect that the business will report sales of $791.66 million per share, with estimates ranging from $764.20 million to $813.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover MACOM Technology Solutions Holdings.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings data on Monday, November 13th. The semiconductor company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The business had revenue of $166.40 million during the quarter, compared to analyst estimates of $171.80 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis.

A number of research analysts recently commented on MTSI shares. Needham & Company LLC reiterated a “buy” rating and issued a $56.00 price objective on shares of MACOM Technology Solutions Holdings in a report on Tuesday, September 5th. Craig Hallum reiterated a “buy” rating and issued a $54.00 price objective on shares of MACOM Technology Solutions Holdings in a report on Tuesday, October 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $61.00 price objective (down from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Stifel Nicolaus decreased their price objective on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded MACOM Technology Solutions Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $49.67.

TRADEMARK VIOLATION NOTICE: “Analysts Anticipate MACOM Technology Solutions Holdings, Inc. (MTSI) Will Post Quarterly Sales of $170.17 Million” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.watchlistnews.com/analysts-anticipate-macom-technology-solutions-holdings-inc-mtsi-will-post-quarterly-sales-of-170-17-million/1703490.html.

In other MACOM Technology Solutions Holdings news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $45.20, for a total transaction of $90,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Geoffrey G. Ribar purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were purchased at an average price of $43.37 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders have sold 5,500 shares of company stock worth $247,340 over the last 90 days. 57.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new stake in shares of MACOM Technology Solutions Holdings in the second quarter valued at $105,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MACOM Technology Solutions Holdings by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 199 shares in the last quarter. Advisor Group Inc. raised its stake in shares of MACOM Technology Solutions Holdings by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 143 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of MACOM Technology Solutions Holdings in the first quarter valued at $116,000. Finally, BT Investment Management Ltd acquired a new stake in shares of MACOM Technology Solutions Holdings in the second quarter valued at $162,000. Institutional investors and hedge funds own 87.91% of the company’s stock.

MACOM Technology Solutions Holdings (MTSI) traded down $0.06 on Friday, reaching $36.57. The company had a trading volume of 876,500 shares, compared to its average volume of 762,756. MACOM Technology Solutions Holdings has a 12-month low of $35.58 and a 12-month high of $65.99. The firm has a market capitalization of $2,352.89, a PE ratio of 20.46, a PEG ratio of 0.98 and a beta of 1.40. The company has a quick ratio of 4.42, a current ratio of 5.61 and a debt-to-equity ratio of 0.87.

About MACOM Technology Solutions Holdings

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.

Get a free copy of the Zacks research report on MACOM Technology Solutions Holdings (MTSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for MACOM Technology Solutions Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.