Brokerages forecast that MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) will report $169.75 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for MACOM Technology Solutions Holdings’ earnings, with the highest sales estimate coming in at $170.50 million and the lowest estimate coming in at $169.50 million. MACOM Technology Solutions Holdings posted sales of $152.70 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.2%. The business is expected to issue its next earnings results on Tuesday, November 21st.

On average, analysts expect that MACOM Technology Solutions Holdings will report full year sales of $169.75 million for the current fiscal year, with estimates ranging from $701.89 million to $702.90 million. For the next year, analysts forecast that the business will report sales of $811.76 million per share, with estimates ranging from $805.50 million to $822.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover MACOM Technology Solutions Holdings.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm had revenue of $194.56 million for the quarter, compared to analysts’ expectations of $194.93 million. During the same period last year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 36.7% compared to the same quarter last year.

MTSI has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $56.00 target price on shares of MACOM Technology Solutions Holdings in a report on Tuesday, September 5th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of MACOM Technology Solutions Holdings in a report on Thursday. Stifel Nicolaus reduced their target price on shares of MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, August 2nd. BidaskClub upgraded shares of MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $61.00 target price (down from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.50.

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Shares of MACOM Technology Solutions Holdings (NASDAQ MTSI) traded up 2.49% during mid-day trading on Friday, reaching $44.52. 188,745 shares of the company traded hands. 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 $44.93 and a 200-day moving average of $51.05. The stock’s market capitalization is $2.86 billion.

In other news, SVP Donghyun Thomas Hwang sold 4,225 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $59.95, for a total transaction of $253,288.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Charles R. Bland sold 1,750 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $55.75, for a total transaction of $97,562.50. Following the transaction, the director now owns 25,190 shares in the company, valued at approximately $1,404,342.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,117 shares of company stock worth $1,755,579. Corporate insiders own 42.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. boosted its position in MACOM Technology Solutions Holdings by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 143 shares during the last quarter. Fifth Third Bancorp boosted its position in MACOM Technology Solutions Holdings by 7.9% in the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 189 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in MACOM Technology Solutions Holdings by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 199 shares during the last quarter. US Bancorp DE boosted its position in MACOM Technology Solutions Holdings by 6.6% in the first quarter. US Bancorp DE now owns 6,479 shares of the semiconductor company’s stock valued at $312,000 after buying an additional 402 shares during the last quarter. Finally, Sei Investments Co. boosted its position in MACOM Technology Solutions Holdings by 4.5% in the first quarter. Sei Investments Co. now owns 11,001 shares of the semiconductor company’s stock valued at $531,000 after buying an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 79.85% 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.

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

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