Analysts forecast that MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) will announce $0.46 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for MACOM Technology Solutions Holdings’ earnings. The highest EPS estimate is $0.48 and the lowest is $0.45. MACOM Technology Solutions Holdings posted earnings of $0.54 per share in the same quarter last year, which would indicate a negative year over year growth rate of 14.8%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, November 14th.

On average, analysts expect that MACOM Technology Solutions Holdings will report full year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.31 to $2.34. For the next year, analysts forecast that the business will post earnings of $2.51 per share, with EPS estimates ranging from $2.28 to $2.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover MACOM Technology Solutions Holdings.

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

A number of brokerages have recently weighed in on MTSI. BidaskClub cut shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $56.00 price target (down from $65.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and set a $61.00 price target (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Finally, Barclays PLC reissued an “overweight” rating and set a $63.00 price target (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.67.

In other MACOM Technology Solutions Holdings news, Director Geoffrey G. Ribar purchased 5,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were purchased at an average cost of $43.37 per share, with a total value of $216,850.00. Following the transaction, the director now directly owns 11,063 shares of the company’s stock, valued at approximately $479,802.31. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Croteau sold 2,000 shares of the business’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 disclosure for this sale can be found here. Insiders sold a total of 5,500 shares of company stock worth $247,340 over the last ninety days. 57.10% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Strs Ohio bought a new stake in MACOM Technology Solutions Holdings during the 2nd quarter worth about $105,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in MACOM Technology Solutions Holdings by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after buying an additional 199 shares in the last quarter. Advisor Group Inc. lifted its position in MACOM Technology Solutions Holdings by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after buying an additional 143 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in MACOM Technology Solutions Holdings during the 1st quarter worth about $116,000. Finally, BT Investment Management Ltd bought a new stake in MACOM Technology Solutions Holdings during the 2nd quarter worth about $162,000. 87.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MACOM Technology Solutions Holdings (NASDAQ MTSI) traded down $0.06 during midday trading on Thursday, hitting $36.57. 876,500 shares of the stock were exchanged, compared to its average volume of 762,756. The company has a market capitalization of $2,352.89, a PE ratio of 20.46, a price-to-earnings-growth ratio of 0.98 and a beta of 1.40. MACOM Technology Solutions Holdings has a 52 week low of $35.58 and a 52 week high of $65.99. The company has a current ratio of 5.61, a quick ratio of 4.42 and a debt-to-equity ratio of 0.87.

TRADEMARK VIOLATION WARNING: “MACOM Technology Solutions Holdings, Inc. (MTSI) Expected to Announce Earnings of $0.46 Per Share” was reported by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/macom-technology-solutions-holdings-inc-mtsi-expected-to-announce-earnings-of-0-46-per-share/1703439.html.

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.