MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) posted its quarterly earnings data on Monday. The semiconductor company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01), Bloomberg Earnings reports. The company had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $171.80 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share.
MACOM Technology Solutions Holdings (NASDAQ:MTSI) traded down $0.06 on Tuesday, hitting $36.57. 876,500 shares of the company’s stock traded hands, 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 company has a market cap of $2,352.89, a P/E ratio of 20.46, a PEG ratio of 0.98 and a beta of 1.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.61 and a quick ratio of 4.42.
In related news, Director Geoffrey G. Ribar acquired 5,000 shares of the company’s stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $43.37 per share, with a total value of $216,850.00. Following the acquisition, the director now directly owns 11,063 shares of the company’s stock, valued at $479,802.31. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Croteau sold 2,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $45.68, for a total transaction of $91,360.00. Following the transaction, the insider now directly owns 48,855 shares of the company’s stock, valued at approximately $2,231,696.40. The disclosure for this sale can be found here. Insiders have sold a total of 5,500 shares of company stock valued at $247,340 in the last three months. Insiders own 57.10% of the company’s stock.
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MTSI has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $56.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Tuesday, September 5th. Craig Hallum reiterated a “buy” rating and issued a $54.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Tuesday, October 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Stifel Nicolaus cut their price target on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded MACOM Technology Solutions Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $49.67.
MACOM Technology Solutions Holdings Company Profile
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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