Equities research analysts forecast that MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) will announce earnings per share of $0.16 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for MACOM Technology Solutions’ earnings. The highest EPS estimate is $0.17 and the lowest is $0.15. MACOM Technology Solutions posted earnings of $0.46 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 65.2%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, November 13th.

On average, analysts expect that MACOM Technology Solutions will report full year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.53. For the next year, analysts expect that the business will post earnings of $1.07 per share, with EPS estimates ranging from $0.80 to $1.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow MACOM Technology Solutions.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $137.87 million during the quarter, compared to analysts’ expectations of $146.71 million. MACOM Technology Solutions had a positive return on equity of 3.33% and a negative net margin of 22.92%. MACOM Technology Solutions’s revenue for the quarter was down 29.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share.

MTSI has been the subject of several recent research reports. Stifel Nicolaus cut MACOM Technology Solutions from a “hold” rating to a “sell” rating and reduced their price target for the company from $22.00 to $20.00 in a research report on Wednesday, September 12th. Craig Hallum set a $26.00 price target on MACOM Technology Solutions and gave the company an “in-line” rating in a research report on Wednesday, August 1st. BidaskClub cut MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of MACOM Technology Solutions in a research report on Wednesday, August 1st. Finally, JPMorgan Chase & Co. cut MACOM Technology Solutions from a “neutral” rating to an “underweight” rating and set a $45.00 price target for the company. in a research report on Tuesday, August 14th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $30.36.

Shares of NASDAQ MTSI opened at $14.85 on Friday. MACOM Technology Solutions has a 52 week low of $14.75 and a 52 week high of $41.44. The company has a quick ratio of 3.62, a current ratio of 4.97 and a debt-to-equity ratio of 1.01. The company has a market cap of $964.41 million, a P/E ratio of 211.43, a P/E/G ratio of 1.97 and a beta of 1.77.

In other MACOM Technology Solutions news, Chairman John L. Ocampo acquired 97,800 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were purchased at an average price of $20.95 per share, for a total transaction of $2,048,910.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Croteau sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $21.05, for a total value of $84,200.00. Following the completion of the sale, the insider now owns 115,118 shares in the company, valued at approximately $2,423,233.90. The disclosure for this sale can be found here. 32.20% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC bought a new position in shares of MACOM Technology Solutions during the second quarter worth approximately $166,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of MACOM Technology Solutions during the second quarter worth approximately $204,000. Teacher Retirement System of Texas bought a new position in shares of MACOM Technology Solutions during the second quarter worth approximately $211,000. Massmutual Trust Co. FSB ADV increased its stake in shares of MACOM Technology Solutions by 72.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 10,274 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 4,306 shares during the period. Finally, Suntrust Banks Inc. bought a new position in shares of MACOM Technology Solutions during the first quarter worth approximately $195,000. Hedge funds and other institutional investors own 89.20% of the company’s stock.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.

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

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