MACOM Technology Solutions Holdings Inc (MTSI) Forecasted to Post Q3 2019 Earnings of ($0.19) Per Share

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) – Equities research analysts at Jefferies Financial Group cut their Q3 2019 EPS estimates for shares of MACOM Technology Solutions in a note issued to investors on Wednesday, May 8th. Jefferies Financial Group analyst M. Lipacis now forecasts that the semiconductor company will earn ($0.19) per share for the quarter, down from their previous estimate of ($0.11). Jefferies Financial Group has a “Hold” rating and a $15.00 price objective on the stock. Jefferies Financial Group also issued estimates for MACOM Technology Solutions’ Q4 2019 earnings at ($0.08) EPS, FY2019 earnings at ($0.50) EPS, Q1 2020 earnings at ($0.03) EPS, Q2 2020 earnings at $0.04 EPS, Q3 2020 earnings at $0.05 EPS and Q4 2020 earnings at $0.10 EPS.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.09. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. The business had revenue of $128.47 million during the quarter, compared to the consensus estimate of $121.06 million. During the same quarter last year, the firm earned $0.13 earnings per share. MACOM Technology Solutions’s quarterly revenue was down 14.6% on a year-over-year basis.



A number of other brokerages also recently weighed in on MTSI. Zacks Investment Research raised shares of MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Craig Hallum raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday, May 8th. BidaskClub downgraded shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. ValuEngine downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Evercore ISI downgraded shares of MACOM Technology Solutions from an “outperform” rating to an “inline” rating in a research note on Thursday, April 25th. Six analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. MACOM Technology Solutions currently has a consensus rating of “Hold” and a consensus price target of $18.57.

Shares of NASDAQ MTSI opened at $14.53 on Monday. MACOM Technology Solutions has a twelve month low of $12.33 and a twelve month high of $25.92. The firm has a market cap of $1.01 billion, a P/E ratio of 103.79 and a beta of 2.22. The company has a quick ratio of 3.63, a current ratio of 5.01 and a debt-to-equity ratio of 1.11.

In other MACOM Technology Solutions news, SVP Vivek Rajgarhia sold 1,782 shares of MACOM Technology Solutions stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $18.41, for a total value of $32,806.62. Following the completion of the sale, the senior vice president now directly owns 89,435 shares of the company’s stock, valued at $1,646,498.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 6,492 shares of company stock valued at $118,302. Insiders own 32.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Pearl River Capital LLC grew its holdings in shares of MACOM Technology Solutions by 495.0% during the first quarter. Pearl River Capital LLC now owns 2,600 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 2,163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MACOM Technology Solutions by 37.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,769 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 1,032 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of MACOM Technology Solutions during the first quarter valued at about $80,000. FNY Investment Advisers LLC acquired a new position in shares of MACOM Technology Solutions during the first quarter valued at about $125,000. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of MACOM Technology Solutions by 167.9% during the first quarter. Flagship Harbor Advisors LLC now owns 9,832 shares of the semiconductor company’s stock valued at $164,000 after buying an additional 6,162 shares during the last quarter. 76.34% of the stock is owned by hedge funds and other institutional investors.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

Further Reading: Trading Strategy Methods and Types

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

Receive News & Ratings for MACOM Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.