MACOM Technology Solutions (MTSI) to Release Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.58 per share for the quarter. MACOM Technology Solutions has set its Q2 guidance at $0.56-0.62 EPS and its Q2 2024 guidance at 0.560-0.620 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The company had revenue of $157.15 million for the quarter, compared to analysts’ expectations of $151.12 million. On average, analysts expect MACOM Technology Solutions to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MACOM Technology Solutions Stock Up 1.9 %

Shares of NASDAQ MTSI opened at $100.72 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.69 and a current ratio of 7.24. MACOM Technology Solutions has a 52 week low of $48.53 and a 52 week high of $104.90. The stock has a market capitalization of $7.26 billion, a P/E ratio of 96.85, a PEG ratio of 6.05 and a beta of 1.64. The stock’s fifty day moving average is $93.68 and its 200 day moving average is $87.21.

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.77, for a total value of $547,158.18. Following the transaction, the senior vice president now directly owns 57,722 shares of the company’s stock, valued at $5,066,259.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.77, for a total value of $547,158.18. Following the transaction, the senior vice president now directly owns 57,722 shares of the company’s stock, valued at $5,066,259.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the transaction, the senior vice president now directly owns 32,827 shares in the company, valued at $2,917,663.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 811,058 shares of company stock valued at $68,674,574. 22.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MTSI shares. Needham & Company LLC raised their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Barclays lifted their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Evercore ISI initiated coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 target price on the stock. Finally, Stifel Nicolaus lifted their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.67.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.