MACOM Technology Solutions (NASDAQ:MTSI) announced its quarterly earnings results on Thursday. The semiconductor company reported ($0.42) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.55) by $0.13, Briefing.com reports. The business had revenue of $108.30 million during the quarter, compared to the consensus estimate of $108.20 million. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. The business’s revenue was down 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. MACOM Technology Solutions updated its Q4 2019 guidance to $-0.04-0.00 EPS and its Q4 guidance to ($0.06)-$0.00 EPS.
NASDAQ:MTSI traded down $0.28 during mid-day trading on Friday, hitting $19.40. 2,495,304 shares of the company’s stock traded hands, compared to its average volume of 858,546. 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 business has a 50 day simple moving average of $16.26. MACOM Technology Solutions has a 1 year low of $12.33 and a 1 year high of $24.11. The stock has a market capitalization of $1.29 billion, a P/E ratio of 138.57 and a beta of 1.94.
In other news, Chairman John L. Ocampo purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of $13.30 per share, with a total value of $1,330,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman John L. Ocampo purchased 60,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were purchased 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. Company insiders own 32.40% of the company’s stock.
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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