MACOM Technology Solutions (MTSI) Scheduled to Post Quarterly Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSIGet Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. MACOM Technology Solutions has set its Q2 guidance at $0.64-$0.68 EPS.Investors that wish to register for the company’s conference call can do so using this link.

MACOM Technology Solutions (NASDAQ:MTSIGet Rating) last issued its earnings results on Thursday, January 27th. The semiconductor company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). MACOM Technology Solutions had a return on equity of 26.84% and a net margin of 30.06%. The business had revenue of $159.62 million during the quarter, compared to the consensus estimate of $158.99 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts expect MACOM Technology Solutions to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of MACOM Technology Solutions stock opened at $53.33 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 6.00 and a current ratio of 6.91. MACOM Technology Solutions has a 52 week low of $48.68 and a 52 week high of $80.30. The stock has a 50 day moving average price of $57.64 and a two-hundred day moving average price of $66.10. The stock has a market capitalization of $3.72 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.52 and a beta of 2.05.

Several research firms have weighed in on MTSI. Craig Hallum cut their price objective on MACOM Technology Solutions from $95.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. Bank of America upped their target price on MACOM Technology Solutions from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 10th. Cowen decreased their target price on MACOM Technology Solutions from $85.00 to $80.00 in a research note on Friday, January 28th. Barclays cut their price objective on MACOM Technology Solutions from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, January 28th. Finally, Zacks Investment Research upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Monday, January 31st. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $81.86.

In related news, CFO John Kober sold 6,015 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $60.47, for a total transaction of $363,727.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 11,815 shares of company stock valued at $712,062 over the last ninety days. Corporate insiders own 28.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in shares of MACOM Technology Solutions by 4.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 225,439 shares of the semiconductor company’s stock valued at $14,625,000 after buying an additional 10,143 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of MACOM Technology Solutions by 0.6% in the fourth quarter. Parametric Portfolio Associates LLC now owns 96,028 shares of the semiconductor company’s stock valued at $7,519,000 after purchasing an additional 594 shares in the last quarter. California State Teachers Retirement System grew its position in shares of MACOM Technology Solutions by 2.3% in the fourth quarter. California State Teachers Retirement System now owns 67,136 shares of the semiconductor company’s stock valued at $5,257,000 after purchasing an additional 1,486 shares in the last quarter. Stifel Financial Corp grew its position in shares of MACOM Technology Solutions by 16.1% in the fourth quarter. Stifel Financial Corp now owns 59,921 shares of the semiconductor company’s stock valued at $4,692,000 after purchasing an additional 8,324 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of MACOM Technology Solutions by 257.7% in the second quarter. Morgan Stanley now owns 67,543 shares of the semiconductor company’s stock valued at $4,327,000 after purchasing an additional 48,658 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

About MACOM Technology Solutions (Get Rating)

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, the Asia Pacific, and internationally.

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Earnings History for MACOM Technology Solutions (NASDAQ:MTSI)

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