MACOM Technology Solutions (NASDAQ:MTSI) Releases Q4 2019 Earnings Guidance

MACOM Technology Solutions (NASDAQ:MTSI) issued an update on its fourth quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.04-0.00 for the period, compared to the Thomson Reuters consensus estimate of $-0.1. The company issued revenue guidance of $108-112 million, compared to the consensus revenue estimate of $109.33 million.MACOM Technology Solutions also updated its Q4 guidance to ($0.06)-$0.00 EPS.

NASDAQ:MTSI traded down $0.28 during midday trading on Friday, reaching $19.40. 2,495,304 shares of the stock traded hands, compared to its average volume of 858,546. MACOM Technology Solutions has a 12-month low of $12.33 and a 12-month high of $24.11. The firm has a 50-day moving average price of $16.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.01 and a quick ratio of 3.66. The company has a market cap of $1.29 billion, a PE ratio of 138.57 and a beta of 1.94.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its 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. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. The company had revenue of $108.30 million during the quarter, compared to analysts’ expectations of $108.20 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. MACOM Technology Solutions’s revenue for the quarter was down 21.5% compared to the same quarter last year. Equities analysts forecast that MACOM Technology Solutions will post -1 EPS for the current year.

A number of research firms have issued reports on MTSI. Zacks Investment Research cut shares of MACOM Technology Solutions from a hold rating to a sell rating in a report on Tuesday, April 16th. ValuEngine raised shares of MACOM Technology Solutions from a buy rating to a strong-buy rating in a report on Thursday. Northland Securities reaffirmed a buy rating and issued a $22.50 price target on shares of MACOM Technology Solutions in a report on Friday. Piper Jaffray Companies raised shares of MACOM Technology Solutions from a neutral rating to an overweight rating and raised their price target for the stock from $14.00 to $21.00 in a report on Wednesday, July 17th. Finally, Barclays reaffirmed a hold rating and issued a $14.00 price target on shares of MACOM Technology Solutions in a report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $17.95.

In other news, Chairman John L. Ocampo purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of $13.30 per share, for a total transaction of $1,330,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John L. Ocampo bought 60,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price 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.

About MACOM Technology Solutions

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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Earnings History and Estimates for MACOM Technology Solutions (NASDAQ:MTSI)

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