Brokerages forecast that MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) will announce earnings per share of $0.09 for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for MACOM Technology Solutions’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.04. MACOM Technology Solutions reported earnings per share of $0.13 in the same quarter last year, which would indicate a negative year-over-year growth rate of 30.8%. The company is expected to announce its next quarterly earnings results on Tuesday, May 7th.
On average, analysts expect that MACOM Technology Solutions will report full year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.46 to $0.87. For the next fiscal year, analysts expect that the firm will post earnings of $1.09 per share, with EPS estimates ranging from $0.97 to $1.16. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for MACOM Technology Solutions.
Get MACOM Technology Solutions alerts:MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. MACOM Technology Solutions had a negative net margin of 23.86% and a positive return on equity of 1.78%. The business had revenue of $150.69 million for the quarter, compared to analyst estimates of $153.14 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year.
A number of brokerages recently weighed in on MTSI. BidaskClub upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Needham & Company LLC decreased their target price on shares of MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, February 6th. Craig Hallum cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and decreased their target price for the company from $23.00 to $19.00 in a research note on Wednesday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of MACOM Technology Solutions from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Wednesday, November 14th. Finally, Zacks Investment Research raised MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, November 19th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.25.
NASDAQ:MTSI traded down $0.04 during mid-day trading on Thursday, reaching $17.73. 21,799 shares of the company were exchanged, compared to its average volume of 646,906. MACOM Technology Solutions has a 12 month low of $13.07 and a 12 month high of $25.92. The company has a quick ratio of 3.63, a current ratio of 4.93 and a debt-to-equity ratio of 1.05. The firm has a market cap of $1.16 billion, a P/E ratio of 126.36, a P/E/G ratio of 10.46 and a beta of 2.32.
In related news, insider John Croteau sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $17.08, for a total value of $68,320.00. Following the completion of the transaction, the insider now owns 136,777 shares of the company’s stock, valued at $2,336,151.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 32.40% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB raised its stake in MACOM Technology Solutions by 19.9% in the fourth quarter. Nordea Investment Management AB now owns 241,712 shares of the semiconductor company’s stock valued at $3,508,000 after purchasing an additional 40,053 shares in the last quarter. Macquarie Group Ltd. raised its stake in MACOM Technology Solutions by 1.7% in the fourth quarter. Macquarie Group Ltd. now owns 507,788 shares of the semiconductor company’s stock valued at $7,368,000 after purchasing an additional 8,425 shares in the last quarter. Legal & General Group Plc raised its stake in MACOM Technology Solutions by 57.1% in the fourth quarter. Legal & General Group Plc now owns 21,066 shares of the semiconductor company’s stock valued at $306,000 after purchasing an additional 7,657 shares in the last quarter. Jane Street Group LLC acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $325,000. Finally, Yiheng Capital LLC raised its stake in MACOM Technology Solutions by 43.8% in the fourth quarter. Yiheng Capital LLC now owns 2,748,749 shares of the semiconductor company’s stock valued at $39,884,000 after purchasing an additional 837,740 shares in the last quarter. 83.32% of the stock is owned by institutional investors and hedge funds.
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.
See Also: What are gap-up stocks?
Get a free copy of the Zacks research report on MACOM Technology Solutions (MTSI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment