MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) – Analysts at Jefferies Group decreased their FY2017 earnings estimates for MACOM Technology Solutions Holdings in a research note issued on Wednesday. Jefferies Group analyst M. Lipacis now anticipates that the semiconductor company will post earnings per share of $1.71 for the year, down from their prior forecast of $2.03. Jefferies Group has a “Buy” rating and a $61.00 price objective on the stock. Jefferies Group also issued estimates for MACOM Technology Solutions Holdings’ Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.28 EPS and FY2018 earnings at $2.14 EPS.

Several other analysts have also weighed in on MTSI. Zacks Investment Research lowered shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Needham & Company LLC lifted their target price on shares of MACOM Technology Solutions Holdings from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Stifel Nicolaus lifted their target price on shares of MACOM Technology Solutions Holdings from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. BidaskClub lowered shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Barclays PLC reiterated an “overweight” rating and set a $70.00 target price (up from $60.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.50.

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Shares of MACOM Technology Solutions Holdings (NASDAQ MTSI) opened at 42.16 on Monday. The firm’s market cap is $2.70 billion. MACOM Technology Solutions Holdings has a 52 week low of $35.33 and a 52 week high of $65.99. The firm has a 50 day moving average of $59.01 and a 200 day moving average of $52.17.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.01. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The business had revenue of $194.56 million during the quarter, compared to the consensus estimate of $194.93 million. During the same period in the prior year, the business earned $0.51 EPS. The business’s revenue was up 36.7% on a year-over-year basis.

In other MACOM Technology Solutions Holdings news, SVP Donghyun Thomas Hwang sold 11,241 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $64.26, for a total value of $722,346.66. Following the transaction, the senior vice president now directly owns 19,018 shares in the company, valued at $1,222,096.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Croteau sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.76, for a total transaction of $121,520.00. Following the completion of the transaction, the insider now owns 51,200 shares in the company, valued at $3,110,912. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 494,955 shares of company stock worth $28,713,137. Company insiders own 57.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MTSI. Peddock Capital Advisors LLC raised its position in MACOM Technology Solutions Holdings by 1,797.5% in the second quarter. Peddock Capital Advisors LLC now owns 3,093 shares of the semiconductor company’s stock worth $172,000 after buying an additional 2,930 shares during the period. State Board of Administration of Florida Retirement System raised its position in MACOM Technology Solutions Holdings by 44.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,976 shares of the semiconductor company’s stock worth $1,170,000 after buying an additional 6,490 shares during the period. Turner Investments LLC raised its position in MACOM Technology Solutions Holdings by 181.3% in the second quarter. Turner Investments LLC now owns 11,250 shares of the semiconductor company’s stock worth $627,000 after buying an additional 7,250 shares during the period. Frontier Capital Management Co. LLC raised its position in MACOM Technology Solutions Holdings by 603.9% in the second quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock worth $118,111,000 after buying an additional 1,816,972 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in MACOM Technology Solutions Holdings by 568.2% in the second quarter. BNP Paribas Arbitrage SA now owns 5,299 shares of the semiconductor company’s stock worth $296,000 after buying an additional 4,506 shares during the period. Hedge funds and other institutional investors own 72.99% of the company’s stock.

MACOM Technology Solutions Holdings Company Profile

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

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

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