MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Releases Q4 Earnings Guidance

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.45-0.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.75. The company issued revenue guidance of $165-174 million, compared to the consensus revenue estimate of $207.15 million.

Several research firms have recently issued reports on MTSI. BidaskClub lowered shares of MACOM Technology Solutions Holdings from a buy rating to a hold rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of MACOM Technology Solutions Holdings from a hold rating to a strong sell rating in a report on Tuesday, August 8th. Jefferies Group LLC reiterated a buy rating and set a $61.00 price objective (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Needham & Company LLC reiterated a buy rating and set a $56.00 price objective (down previously from $65.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Finally, Barclays PLC reiterated an overweight rating and set a $63.00 price objective (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $55.50.

MACOM Technology Solutions Holdings, Inc. (MTSI) traded down 2.72% during mid-day trading on Friday, reaching $39.67. 1,064,607 shares of the company’s stock traded hands. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $35.33 and a 52 week high of $65.99. The stock’s market capitalization is $2.55 billion. The stock’s 50 day moving average is $53.43 and its 200-day moving average is $51.54.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.01. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The business had revenue of $194.56 million during the quarter, compared to the consensus estimate of $194.93 million. During the same period in the previous year, the company posted $0.51 EPS. The company’s revenue for the quarter was up 36.7% compared to the same quarter last year. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current year.

In related news, Director Charles R. Bland sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $59.35, for a total transaction of $59,350.00. Following the completion of the transaction, the director now owns 26,840 shares of the company’s stock, valued at $1,592,954. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.76, for a total value of $121,520.00. Following the transaction, the insider now directly owns 51,200 shares of the company’s stock, valued at approximately $3,110,912. The disclosure for this sale can be found here. In the last three months, insiders sold 414,435 shares of company stock valued at $24,203,559. Company insiders own 42.30% of the company’s stock.

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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.

Earnings History and Estimates for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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