$0.70 EPS Expected for MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) This Quarter

Wall Street brokerages expect MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Rating) to report $0.70 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for MACOM Technology Solutions’ earnings. MACOM Technology Solutions reported earnings of $0.57 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.8%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that MACOM Technology Solutions will report full year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.72 to $2.78. For the next year, analysts anticipate that the firm will report earnings of $3.04 per share, with EPS estimates ranging from $2.96 to $3.15. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover MACOM Technology Solutions.

MACOM Technology Solutions (NASDAQ:MTSIGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The semiconductor company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $165.15 million during the quarter, compared to analysts’ expectations of $163.14 million. MACOM Technology Solutions had a return on equity of 27.62% and a net margin of 31.70%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS.

Several research analysts recently issued reports on MTSI shares. Barclays reduced their target price on MACOM Technology Solutions from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, April 25th. Jefferies Financial Group raised MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Friday, April 29th. Cowen reduced their target price on MACOM Technology Solutions from $80.00 to $72.00 in a research report on Friday, April 29th. StockNews.com started coverage on MACOM Technology Solutions in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, January 31st. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, MACOM Technology Solutions has an average rating of “Buy” and a consensus price target of $75.10.

Shares of NASDAQ MTSI opened at $52.34 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 7.49 and a quick ratio of 6.50. The stock has a market capitalization of $3.66 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 1.51 and a beta of 2.02. MACOM Technology Solutions has a 1-year low of $48.68 and a 1-year high of $80.30. The business has a fifty day moving average price of $56.00 and a 200 day moving average price of $65.07.

In other news, CFO John Kober sold 6,015 shares of the stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $60.47, for a total value of $363,727.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 6,515 shares of company stock worth $392,765 over the last three months. Corporate insiders own 28.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its holdings in MACOM Technology Solutions by 357.7% during the fourth quarter. First Horizon Advisors Inc. now owns 357 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 279 shares during the period. CWM LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter worth about $33,000. Clearstead Advisors LLC acquired a new stake in MACOM Technology Solutions during the third quarter worth about $30,000. Covestor Ltd acquired a new stake in MACOM Technology Solutions during the fourth quarter worth about $64,000. Finally, Captrust Financial Advisors grew its holdings in MACOM Technology Solutions by 27.6% during the third quarter. Captrust Financial Advisors now owns 901 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 195 shares during the period. 97.56% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Company Profile (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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