MACOM Technology Solutions Holdings Inc to Post Q1 2020 Earnings of $0.01 Per Share, DA Davidson Forecasts (NASDAQ:MTSI)

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) – Investment analysts at DA Davidson issued their Q1 2020 earnings estimates for shares of MACOM Technology Solutions in a report issued on Thursday, November 14th. DA Davidson analyst T. Diffely forecasts that the semiconductor company will earn $0.01 per share for the quarter. DA Davidson also issued estimates for MACOM Technology Solutions’ FY2020 earnings at ($0.01) EPS.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. MACOM Technology Solutions had a negative return on equity of 9.62% and a negative net margin of 77.29%. The company had revenue of $112.20 million during the quarter, compared to analyst estimates of $110.16 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. MACOM Technology Solutions’s revenue was down 25.8% compared to the same quarter last year.

Several other analysts have also issued reports on MTSI. ValuEngine lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. BidaskClub raised MACOM Technology Solutions from a “buy” rating to a “strong-buy” rating in a report on Friday. Needham & Company LLC reissued a “buy” rating and set a $28.00 price target on shares of MACOM Technology Solutions in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price target on MACOM Technology Solutions from $15.00 to $18.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Finally, Northland Securities reissued a “buy” rating and set a $22.50 price target on shares of MACOM Technology Solutions in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.12.

Shares of MTSI opened at $25.91 on Monday. The business has a fifty day moving average of $22.22 and a 200 day moving average of $18.46. MACOM Technology Solutions has a one year low of $12.33 and a one year high of $27.16. The company has a debt-to-equity ratio of 2.29, a current ratio of 4.37 and a quick ratio of 3.20. The firm has a market capitalization of $1.76 billion, a P/E ratio of -43.18, a PEG ratio of 76.09 and a beta of 1.88.

Several large investors have recently bought and sold shares of the stock. Segment Wealth Management LLC lifted its position in shares of MACOM Technology Solutions by 0.8% in the third quarter. Segment Wealth Management LLC now owns 71,772 shares of the semiconductor company’s stock worth $1,543,000 after buying an additional 600 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of MACOM Technology Solutions by 7.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,448 shares of the semiconductor company’s stock worth $220,000 after buying an additional 1,007 shares in the last quarter. Swiss National Bank lifted its position in shares of MACOM Technology Solutions by 2.4% in the second quarter. Swiss National Bank now owns 85,150 shares of the semiconductor company’s stock worth $1,288,000 after buying an additional 2,000 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of MACOM Technology Solutions by 14.5% in the second quarter. UBS Asset Management Americas Inc. now owns 17,382 shares of the semiconductor company’s stock worth $263,000 after buying an additional 2,196 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of MACOM Technology Solutions by 15.8% in the second quarter. Cubist Systematic Strategies LLC now owns 16,170 shares of the semiconductor company’s stock worth $245,000 after buying an additional 2,206 shares in the last quarter. Institutional investors own 72.82% of the company’s stock.

MACOM Technology Solutions Company Profile

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.

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

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