MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) announced its quarterly earnings results on Monday. The semiconductor company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01), Bloomberg Earnings reports. MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. During the same period in the previous year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis.
Shares of MACOM Technology Solutions Holdings (MTSI) traded down $0.06 during mid-day trading on Tuesday, reaching $36.57. 876,500 shares of the company’s stock were exchanged, compared to its average volume of 762,756. MACOM Technology Solutions Holdings has a twelve month low of $35.58 and a twelve month high of $65.99. The stock has a market capitalization of $2,352.89, a PE ratio of 20.46, a P/E/G ratio of 0.98 and a beta of 1.40. The company has a current ratio of 5.61, a quick ratio of 4.42 and a debt-to-equity ratio of 0.87.
In other MACOM Technology Solutions Holdings news, insider John Croteau sold 2,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $45.68, for a total transaction of $91,360.00. Following the completion of the transaction, the insider now owns 48,855 shares in the company, valued at $2,231,696.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Geoffrey G. Ribar acquired 5,000 shares of the stock in a transaction on Monday, August 28th. The shares were acquired at an average price of $43.37 per share, with a total value of $216,850.00. Following the transaction, the director now directly owns 11,063 shares of the company’s stock, valued at $479,802.31. The disclosure for this purchase can be found here. Over the last three months, insiders sold 5,500 shares of company stock valued at $247,340. Corporate insiders own 57.10% of the company’s stock.
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A number of equities analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective (down previously from $56.00) on shares of MACOM Technology Solutions Holdings in a research report on Tuesday, October 17th. DA Davidson assumed coverage on shares of MACOM Technology Solutions Holdings in a research report on Monday, October 16th. They set a “neutral” rating and a $45.00 price target on the stock. Jefferies Group LLC set a $61.00 price target on shares of MACOM Technology Solutions Holdings and gave the company a “buy” rating in a research report on Wednesday, October 18th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of MACOM Technology Solutions Holdings in a research report on Thursday, September 14th. Finally, Stifel Nicolaus dropped their price objective on shares of MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.67.
About MACOM Technology Solutions Holdings
MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.
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