Wall Street brokerages expect MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) to announce $132.46 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for MACOM Technology Solutions’ earnings, with the lowest sales estimate coming in at $131.00 million and the highest estimate coming in at $133.30 million. MACOM Technology Solutions reported sales of $151.75 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.7%. The business is expected to report its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that MACOM Technology Solutions will report full-year sales of $132.46 million for the current fiscal year, with estimates ranging from $582.00 million to $671.40 million. For the next fiscal year, analysts forecast that the company will post sales of $794.90 million per share, with estimates ranging from $725.00 million to $863.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for MACOM Technology Solutions.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share.

Several equities analysts recently commented on MTSI shares. Zacks Investment Research lowered shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Barclays decreased their price objective on shares of MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Jefferies Group set a $61.00 price objective on shares of MACOM Technology Solutions and gave the company a “buy” rating in a research report on Wednesday, October 18th. decreased their price objective on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of MACOM Technology Solutions in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. MACOM Technology Solutions has an average rating of “Hold” and a consensus price target of $42.10.

MACOM Technology Solutions (NASDAQ MTSI) traded up $0.69 during mid-day trading on Thursday, hitting $32.59. 883,501 shares of the company’s stock traded hands, compared to its average volume of 813,881. The stock has a market capitalization of $2,084.07, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40. MACOM Technology Solutions has a 1-year low of $29.73 and a 1-year high of $65.99. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total transaction of $90,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 5,500 shares of company stock valued at $247,340 over the last three months. 57.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MTSI. Principal Financial Group Inc. acquired a new stake in shares of MACOM Technology Solutions during the 1st quarter worth approximately $215,000. Teachers Advisors LLC grew its stake in shares of MACOM Technology Solutions by 52.4% during the 1st quarter. Teachers Advisors LLC now owns 57,962 shares of the semiconductor company’s stock worth $2,800,000 after purchasing an additional 19,934 shares during the period. California Public Employees Retirement System acquired a new stake in shares of MACOM Technology Solutions during the 1st quarter worth approximately $1,086,000. Legal & General Group Plc grew its stake in shares of MACOM Technology Solutions by 102.6% during the 1st quarter. Legal & General Group Plc now owns 11,546 shares of the semiconductor company’s stock worth $554,000 after purchasing an additional 5,846 shares during the period. Finally, BlackRock Inc. grew its stake in shares of MACOM Technology Solutions by 108,171.0% during the 1st quarter. BlackRock Inc. now owns 2,052,819 shares of the semiconductor company’s stock worth $99,151,000 after purchasing an additional 2,050,923 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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MACOM Technology Solutions 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 (NASDAQ:MTSI)

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