Wall Street brokerages predict that MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) will announce $153.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for MACOM Technology Solutions’ earnings, with the lowest sales estimate coming in at $151.13 million and the highest estimate coming in at $162.00 million. MACOM Technology Solutions posted sales of $166.38 million during the same quarter last year, which suggests a negative year-over-year growth rate of 7.7%. The company is expected to announce its next quarterly earnings results on Tuesday, November 13th.

On average, analysts expect that MACOM Technology Solutions will report full year sales of $577.76 million for the current fiscal year, with estimates ranging from $571.00 million to $581.20 million. For the next financial year, analysts forecast that the business will report sales of $666.77 million per share, with estimates ranging from $640.00 million to $700.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for MACOM Technology Solutions.

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

A number of research analysts have commented on the company. Stifel Nicolaus downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating and lowered their target price for the company from $22.00 to $20.00 in a research note on Wednesday, September 12th. JPMorgan Chase & Co. downgraded MACOM Technology Solutions from a “neutral” rating to an “underweight” rating and set a $45.00 target price on the stock. in a research note on Tuesday, August 14th. BidaskClub upgraded MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Bank of America boosted their target price on MACOM Technology Solutions from $18.00 to $19.00 and gave the company an “underperform” rating in a research note on Wednesday, August 1st. Finally, Craig Hallum set a $26.00 target price on MACOM Technology Solutions and gave the company an “in-line” rating in a research note on Wednesday, August 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. MACOM Technology Solutions presently has a consensus rating of “Hold” and a consensus target price of $32.40.

In other news, insider John Croteau sold 4,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $21.05, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman John L. Ocampo purchased 97,800 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were bought at an average price of $20.95 per share, with a total value of $2,048,910.00. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 4,500 shares of company stock valued at $95,258. 32.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of MACOM Technology Solutions by 25.5% during the 2nd quarter. Victory Capital Management Inc. now owns 269,180 shares of the semiconductor company’s stock worth $6,202,000 after acquiring an additional 54,670 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in MACOM Technology Solutions by 1.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 309,697 shares of the semiconductor company’s stock valued at $7,135,000 after purchasing an additional 4,310 shares during the period. Isthmus Partners LLC boosted its stake in MACOM Technology Solutions by 12.4% during the 1st quarter. Isthmus Partners LLC now owns 21,583 shares of the semiconductor company’s stock valued at $358,000 after purchasing an additional 2,373 shares during the period. Quantbot Technologies LP bought a new stake in MACOM Technology Solutions during the 1st quarter valued at approximately $605,000. Finally, Wells Fargo & Company MN boosted its stake in MACOM Technology Solutions by 32.6% during the 1st quarter. Wells Fargo & Company MN now owns 508,539 shares of the semiconductor company’s stock valued at $8,442,000 after purchasing an additional 125,058 shares during the period. Institutional investors own 89.89% of the company’s stock.

NASDAQ MTSI traded down $1.05 on Tuesday, reaching $21.41. The stock had a trading volume of 688,180 shares, compared to its average volume of 542,569. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.97 and a quick ratio of 3.62. MACOM Technology Solutions has a 1 year low of $15.46 and a 1 year high of $45.72. The company has a market capitalization of $1.40 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 37.56 and a beta of 1.75.

About MACOM Technology Solutions

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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