MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $190.42 million. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. 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 Trading Down 1.5 %
Shares of MTSI stock opened at $117.81 on Thursday. The stock’s fifty day moving average price is $108.16 and its two-hundred day moving average price is $105.30. The company has a market cap of $8.50 billion, a PE ratio of 120.21, a P/E/G ratio of 4.63 and a beta of 1.70. MACOM Technology Solutions has a fifty-two week low of $68.58 and a fifty-two week high of $122.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18.
Insider Buying and Selling
Analyst Ratings Changes
MTSI has been the topic of a number of research analyst reports. Barclays raised their target price on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their price target on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Needham & Company LLC increased their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $120.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average price target of $120.00.
Get Our Latest Analysis on MACOM Technology Solutions
About MACOM Technology Solutions
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.
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