MACOM Technology Solutions (MTSI) to Release Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect MACOM Technology Solutions to post earnings of $0.58 per share for the quarter. MACOM Technology Solutions has set its Q2 guidance at $0.56-0.62 EPS and its Q2 2024 guidance at 0.560-0.620 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $157.15 million for the quarter, compared to analysts’ expectations of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. On average, analysts expect MACOM Technology Solutions to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $100.72 on Thursday. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 96.85, a P/E/G ratio of 6.05 and a beta of 1.64. The company has a current ratio of 7.24, a quick ratio of 5.69 and a debt-to-equity ratio of 0.48. MACOM Technology Solutions has a 1-year low of $48.53 and a 1-year high of $104.90. The stock’s 50-day moving average is $93.68 and its 200 day moving average is $87.21.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the sale, the senior vice president now directly owns 15,649 shares in the company, valued at approximately $1,347,691.88. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the sale, the senior vice president now directly owns 15,649 shares in the company, valued at approximately $1,347,691.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan Ocampo sold 200,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $82.39, for a total value of $16,478,000.00. Following the completion of the sale, the director now owns 7,645,668 shares in the company, valued at $629,926,586.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 811,058 shares of company stock worth $68,674,574. 22.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, April 18th. TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Barclays lifted their price target on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Finally, Evercore ISI began coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.67.

About MACOM Technology Solutions

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, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.