MACOM Technology Solutions (MTSI) Scheduled to Post Quarterly Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI) 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) 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

In related news, SVP Robert Dennehy sold 6,915 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the transaction, the senior vice president now directly owns 19,481 shares of the company’s stock, valued at $1,974,983.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Robert Dennehy sold 6,915 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the transaction, the senior vice president now directly owns 19,481 shares of the company’s stock, valued at $1,974,983.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Ocampo sold 95,743 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $103.18, for a total value of $9,878,762.74. Following the completion of the transaction, the director now directly owns 6,876,284 shares of the company’s stock, valued at approximately $709,494,983.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 662,274 shares of company stock valued at $70,305,369 in the last three months. Insiders own 22.75% of the company’s stock.

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.

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.