MACOM Technology Solutions Holdings Inc to Post Q2 2018 Earnings of $0.04 Per Share, DA Davidson Forecasts (MTSI)

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) – Investment analysts at DA Davidson dropped their Q2 2018 earnings per share (EPS) estimates for shares of MACOM Technology Solutions in a research report issued to clients and investors on Wednesday. DA Davidson analyst M. Kelleher now expects that the semiconductor company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.16. DA Davidson currently has a “Buy” rating and a $32.00 target price on the stock. DA Davidson also issued estimates for MACOM Technology Solutions’ Q3 2018 earnings at $0.08 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.24 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.47 EPS and FY2019 earnings at $1.31 EPS.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $130.93 million for the quarter, compared to analysts’ expectations of $132.91 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. MACOM Technology Solutions’s revenue for the quarter was down 13.7% on a year-over-year basis.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Craig Hallum lowered their target price on shares of MACOM Technology Solutions from $46.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Bank of America lowered their target price on shares of MACOM Technology Solutions from $30.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, February 7th. Needham & Company LLC lowered their target price on shares of MACOM Technology Solutions from $42.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Barclays lowered shares of MACOM Technology Solutions from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.00.

MACOM Technology Solutions (NASDAQ 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 stock has a market cap of $1,220.00, a P/E ratio of -7.03, a PEG ratio of 0.97 and a beta of 1.14. The company has a current ratio of 5.70, a quick ratio of 3.64 and a debt-to-equity ratio of 0.89.

In related news, CEO John Croteau sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.94, for a total value of $63,880.00. Following the completion of the transaction, the chief executive officer now directly owns 149,219 shares in the company, valued at approximately $4,766,054.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 4,750 shares of company stock valued at $158,518. 32.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC raised its holdings in MACOM Technology Solutions by 47.7% in the 2nd quarter. Voya Investment Management LLC now owns 18,793 shares of the semiconductor company’s stock worth $1,048,000 after acquiring an additional 6,069 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in MACOM Technology Solutions by 45.6% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 950,052 shares of the semiconductor company’s stock worth $42,382,000 after acquiring an additional 297,456 shares during the last quarter. GW&K Investment Management LLC raised its holdings in MACOM Technology Solutions by 4.8% in the 4th quarter. GW&K Investment Management LLC now owns 763,034 shares of the semiconductor company’s stock worth $24,829,000 after acquiring an additional 35,084 shares during the last quarter. Jennison Associates LLC raised its holdings in MACOM Technology Solutions by 3.2% in the 3rd quarter. Jennison Associates LLC now owns 2,140,833 shares of the semiconductor company’s stock worth $95,503,000 after acquiring an additional 65,664 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in MACOM Technology Solutions by 122.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock worth $280,034,000 after acquiring an additional 3,457,245 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

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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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