Equities Analysts Offer Predictions for MACOM Technology Solutions Holdings Inc’s FY2019 Earnings (MTSI)

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) – Stock analysts at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for shares of MACOM Technology Solutions in a research note issued to investors on Wednesday. Jefferies Group analyst M. Lipacis expects that the semiconductor company will post earnings per share of $0.62 for the year. Jefferies Group has a “Buy” rating and a $61.00 price objective on the stock.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $130.93 million for the quarter, compared to analyst estimates of $132.91 million. MACOM Technology Solutions had a positive return on equity of 10.29% and a negative net margin of 28.19%. The firm’s quarterly revenue was down 13.7% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share.

Several other brokerages have also recently weighed in on MTSI. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective (down previously from $56.00) on shares of MACOM Technology Solutions in a research note on Tuesday, October 17th. ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. DA Davidson reduced their price objective on shares of MACOM Technology Solutions from $43.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday. BidaskClub raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Finally, Barclays reduced their price objective on shares of MACOM Technology Solutions from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $38.00.

Shares of MACOM Technology Solutions (MTSI) traded up $1.07 during trading hours on Friday, hitting $18.92. 3,895,444 shares of the stock traded hands, compared to its average volume of 1,714,362. The firm has a market capitalization of $1,237.23, a P/E ratio of -5.15, a PEG ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 3.64, a current ratio of 4.81 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions has a 52 week low of $17.84 and a 52 week high of $65.99.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $35.05, for a total transaction of $70,100.00. Following the sale, the insider now owns 147,219 shares of the company’s stock, valued at $5,160,025.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 4,750 shares of company stock worth $158,518 in the last ninety days. Insiders own 32.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. boosted its position in shares of MACOM Technology Solutions by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 143 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of MACOM Technology Solutions by 32.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 864 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of MACOM Technology Solutions during the 2nd quarter worth about $200,000. Prudential Financial Inc. bought a new position in shares of MACOM Technology Solutions during the 2nd quarter worth about $236,000. Finally, SG Americas Securities LLC bought a new position in shares of MACOM Technology Solutions during the 3rd quarter worth about $194,000. 84.33% 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.

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

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