MACOM Technology Solutions Holdings Inc Forecasted to Post Q2 2018 Earnings of $0.00 Per Share (MTSI)

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) – Jefferies Group issued their Q2 2018 earnings per share estimates for shares of MACOM Technology Solutions in a report released on Wednesday. Jefferies Group analyst M. Lipacis anticipates that the semiconductor company will earn $0.00 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $61.00 target price on the stock. Jefferies Group also issued estimates for MACOM Technology Solutions’ Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.08 EPS and FY2018 earnings at ($0.05) EPS.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. The company had revenue of $130.93 million during the quarter, compared to the consensus estimate of $132.91 million. During the same quarter last year, the company earned $0.57 earnings per share. The business’s revenue was down 13.7% on a year-over-year basis.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. ValuEngine upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. BidaskClub cut MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. Barclays lowered their price target on MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus cut MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their price target for the company from $57.00 to $43.00 in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $38.00.

Shares of MACOM Technology Solutions (MTSI) opened at $18.92 on Monday. MACOM Technology Solutions has a 1 year low of $17.84 and a 1 year high of $65.99. The firm has a market capitalization of $1,220.00, a price-to-earnings ratio of -7.03, a price-to-earnings-growth ratio of 0.97 and a beta of 1.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.70 and a quick ratio of 3.64.

Institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC boosted its stake in MACOM Technology Solutions by 47.7% in the second quarter. Voya Investment Management LLC now owns 18,793 shares of the semiconductor company’s stock worth $1,048,000 after purchasing an additional 6,069 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in MACOM Technology Solutions by 45.6% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 950,052 shares of the semiconductor company’s stock worth $42,382,000 after purchasing an additional 297,456 shares in the last quarter. GW&K Investment Management LLC boosted its stake in MACOM Technology Solutions by 4.8% in the fourth quarter. GW&K Investment Management LLC now owns 763,034 shares of the semiconductor company’s stock worth $24,829,000 after purchasing an additional 35,084 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of MACOM Technology Solutions by 3.2% during the third quarter. Jennison Associates LLC now owns 2,140,833 shares of the semiconductor company’s stock valued at $95,503,000 after acquiring an additional 65,664 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of MACOM Technology Solutions by 122.6% during the third quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock valued at $280,034,000 after acquiring an additional 3,457,245 shares during the period. 84.33% of the stock is currently owned by institutional investors.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $35.05, for a total value of $70,100.00. Following the transaction, the insider now owns 147,219 shares of the company’s stock, valued at $5,160,025.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 4,750 shares of company stock worth $158,518. Insiders own 32.20% of the company’s stock.

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About MACOM Technology Solutions

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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