MACOM Technology Solutions (MTSI) Posts Earnings Results

MACOM Technology Solutions (NASDAQ:MTSI) issued 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, reports. The firm had revenue of $128.47 million during the quarter, compared to analyst estimates of $121.06 million. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. MACOM Technology Solutions updated its Q3 guidance to ($0.08-0.04) EPS.

Shares of MTSI stock traded down $0.19 during trading hours on Friday, hitting $14.47. 2,190 shares of the company’s stock were exchanged, compared to its average volume of 1,361,667. The company has a market capitalization of $967.11 million, a PE ratio of 103.36 and a beta of 2.22. MACOM Technology Solutions has a 12-month low of $12.33 and a 12-month high of $25.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.66 and a current ratio of 5.01.

A number of equities analysts have weighed in on MTSI shares. Zacks Investment Research upgraded shares of MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research report 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 price target on the stock in a report on Wednesday, May 8th. BidaskClub downgraded shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. ValuEngine downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Evercore ISI downgraded shares of MACOM Technology Solutions from an “outperform” rating to an “inline” rating in a report on Thursday, April 25th. Five analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. MACOM Technology Solutions presently has an average rating of “Hold” and a consensus price target of $18.40.

In other news, SVP Vivek Rajgarhia sold 1,782 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 89,435 shares in the company, valued at $1,646,498.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John L. Ocampo purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was bought at an average price of $13.30 per share, for a total transaction of $1,330,000.00. The disclosure for this purchase can be found here. Company insiders own 32.40% of the company’s stock.

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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 for MACOM Technology Solutions (NASDAQ:MTSI)

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