Analysts forecast that MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) will report sales of $110.49 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for MACOM Technology Solutions’ earnings. The lowest sales estimate is $107.95 million and the highest is $122.00 million. MACOM Technology Solutions reported sales of $137.87 million in the same quarter last year, which indicates a negative year over year growth rate of 19.9%. The company is expected to issue its next quarterly earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that MACOM Technology Solutions will report full-year sales of $497.00 million for the current fiscal year, with estimates ranging from $485.15 million to $529.20 million. For the next fiscal year, analysts anticipate that the firm will post sales of $493.76 million, with estimates ranging from $449.93 million to $605.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for MACOM Technology Solutions.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.09. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. The company had revenue of $128.47 million during the quarter, compared to the consensus estimate of $121.06 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The company’s revenue was down 14.6% on a year-over-year basis.

A number of equities analysts have weighed in on the stock. BidaskClub raised shares of MACOM Technology Solutions from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 29th. Zacks Investment Research raised shares of MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of MACOM Technology Solutions in a research note on Monday, May 13th. ValuEngine downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Barclays reissued a “hold” rating and set a $14.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, June 20th. 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’s stock. MACOM Technology Solutions has a consensus rating of “Hold” and a consensus price target of $17.82.

In related news, Chairman John L. Ocampo purchased 60,000 shares of MACOM Technology Solutions stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $13.26 per share, for a total transaction of $795,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John L. Ocampo purchased 100,000 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, May 22nd. The stock was bought at an average price of $13.30 per share, with a total value of $1,330,000.00. The disclosure for this purchase can be found here. 32.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in MACOM Technology Solutions by 2.9% in the fourth quarter. BlackRock Inc. now owns 3,077,685 shares of the semiconductor company’s stock valued at $44,656,000 after acquiring an additional 87,704 shares during the last quarter. Yiheng Capital LLC increased its position in MACOM Technology Solutions by 43.8% during the 4th quarter. Yiheng Capital LLC now owns 2,748,749 shares of the semiconductor company’s stock worth $39,884,000 after purchasing an additional 837,740 shares during the period. Neuberger Berman Group LLC increased its position in MACOM Technology Solutions by 10.7% during the 1st quarter. Neuberger Berman Group LLC now owns 1,551,959 shares of the semiconductor company’s stock worth $25,928,000 after purchasing an additional 149,536 shares during the period. D. E. Shaw & Co. Inc. increased its position in MACOM Technology Solutions by 203.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,043,898 shares of the semiconductor company’s stock worth $15,147,000 after purchasing an additional 699,946 shares during the period. Finally, Royce & Associates LP increased its position in MACOM Technology Solutions by 0.9% during the 1st quarter. Royce & Associates LP now owns 1,016,443 shares of the semiconductor company’s stock worth $16,985,000 after purchasing an additional 9,500 shares during the period. Institutional investors own 75.10% of the company’s stock.

Shares of NASDAQ MTSI traded up $0.32 during trading on Wednesday, reaching $16.58. The company had a trading volume of 19,173 shares, compared to its average volume of 774,508. MACOM Technology Solutions has a 52 week low of $12.33 and a 52 week high of $25.82. The stock has a market cap of $1.05 billion, a PE ratio of 117.57 and a beta of 1.95. The company has a current ratio of 5.01, a quick ratio of 3.66 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average is $14.67.

About MACOM Technology Solutions

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 and Estimates for MACOM Technology Solutions (NASDAQ:MTSI)

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