MACOM Technology Solutions (NASDAQ:MTSI) Issues Q4 Earnings Guidance

MACOM Technology Solutions (NASDAQ:MTSI) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.06)-$0.00 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.10). The company issued revenue guidance of $108-112 million, compared to the consensus revenue estimate of $107.87 million.MACOM Technology Solutions also updated its Q4 2019 guidance to $-0.04-0.00 EPS.

A number of equities analysts recently weighed in on MTSI shares. Craig Hallum upgraded shares of MACOM Technology Solutions from a hold rating to a buy rating and set a $25.00 price objective for the company in a report on Wednesday, May 8th. Stifel Nicolaus upgraded shares of MACOM Technology Solutions from a sell rating to a hold rating in a report on Thursday, May 16th. Needham & Company LLC restated a buy rating and issued a $17.00 price objective (down from $20.00) on shares of MACOM Technology Solutions in a report on Wednesday, June 19th. Evercore ISI lowered shares of MACOM Technology Solutions from an outperform rating to an inline rating in a report on Thursday, April 25th. Finally, ValuEngine upgraded shares of MACOM Technology Solutions from a buy rating to a strong-buy rating in a report on Thursday. Three 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 assigned a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $17.95.

MTSI traded down $0.28 during mid-day trading on Friday, reaching $19.40. 2,495,304 shares of the company traded hands, compared to its average volume of 952,389. The firm has a market cap of $1.29 billion, a PE ratio of 138.57 and a beta of 1.94. 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 stock’s fifty day moving average is $16.26. MACOM Technology Solutions has a 52-week low of $12.33 and a 52-week high of $24.11.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, August 1st. The semiconductor company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.13. The business had revenue of $108.30 million during the quarter, compared to analyst estimates of $108.20 million. MACOM Technology Solutions had a negative net margin of 76.27% and a negative return on equity of 6.74%. The company’s quarterly revenue was down 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. On average, research analysts forecast that MACOM Technology Solutions will post -1 earnings per share for the current year.

In related news, Chairman John L. Ocampo bought 100,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average cost of $13.30 per share, for a total transaction of $1,330,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman John L. Ocampo bought 60,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were bought at an average price of $13.26 per share, with a total value of $795,600.00. The disclosure for this purchase can be found here. 32.40% of the stock is currently owned by insiders.

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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