MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Expected to Announce Quarterly Sales of $113.44 Million

Wall Street brokerages expect MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) to post $113.44 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for MACOM Technology Solutions’ earnings. The highest sales estimate is $135.00 million and the lowest is $106.53 million. MACOM Technology Solutions reported sales of $151.19 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 25%. The firm is scheduled to announce its next earnings report on Tuesday, November 12th.

According to Zacks, analysts expect that MACOM Technology Solutions will report full-year sales of $497.25 million for the current year, with estimates ranging from $486.65 million to $529.20 million. For the next financial year, analysts forecast that the company will report sales of $495.43 million, with estimates ranging from $449.93 million to $605.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for MACOM Technology Solutions.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported ($0.42) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.55) by $0.13. The company had revenue of $108.30 million for the quarter, compared to analysts’ expectations of $108.20 million. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. MACOM Technology Solutions’s revenue was down 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS.

A number of analysts recently weighed in on the stock. Craig Hallum raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, May 8th. Evercore ISI lowered shares of MACOM Technology Solutions from an “outperform” rating to an “inline” rating in a report on Thursday, April 25th. DA Davidson set a $14.00 target price on shares of MACOM Technology Solutions and gave the stock a “hold” rating in a report on Wednesday, May 8th. Northland Securities reaffirmed a “buy” rating and set a $22.50 target price on shares of MACOM Technology Solutions in a report on Friday. Finally, Zacks Investment Research lowered shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.95.

MACOM Technology Solutions stock traded down $0.28 during midday trading on Friday, reaching $19.40. 2,495,304 shares of the stock were exchanged, compared to its average volume of 809,282. The firm has a fifty day simple moving average of $16.19. The company has a current ratio of 5.01, a quick ratio of 3.66 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 138.57 and a beta of 1.95. MACOM Technology Solutions has a 52 week low of $12.33 and a 52 week high of $24.11.

In other MACOM Technology Solutions news, Chairman John L. Ocampo bought 100,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of $13.30 per share, with a total value of $1,330,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman John L. Ocampo bought 60,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $13.26 per share, for a total transaction of $795,600.00. The disclosure for this purchase can be found here. 32.40% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Pearl River Capital LLC boosted its position in MACOM Technology Solutions by 495.0% during the 1st quarter. Pearl River Capital LLC now owns 2,600 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 2,163 shares during the period. Aperio Group LLC bought a new stake in MACOM Technology Solutions during the 2nd quarter valued at about $49,000. Quantamental Technologies LLC bought a new stake in MACOM Technology Solutions during the 1st quarter valued at about $80,000. FNY Investment Advisers LLC bought a new stake in MACOM Technology Solutions during the 1st quarter valued at about $125,000. Finally, DekaBank Deutsche Girozentrale increased its stake in MACOM Technology Solutions by 148.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 10,771 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 6,431 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Company Profile

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

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