MACOM Technology Solutions (NASDAQ:MTSI) announced its quarterly earnings results on Tuesday. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.09, Briefing.com reports. MACOM Technology Solutions had a positive return on equity of 1.78% and a negative net margin of 23.86%. The firm had revenue of $128.47 million during the quarter, compared to the consensus estimate of $121.06 million. During the same period in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. MACOM Technology Solutions updated its Q3 guidance to ($0.08-0.04) EPS.
NASDAQ:MTSI traded up $3.06 on Wednesday, reaching $15.66. The stock had a trading volume of 5,980,077 shares, compared to its average volume of 699,140. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.93 and a quick ratio of 3.63. The stock has a market cap of $862.49 million, a P/E ratio of 111.86 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.
In other MACOM Technology Solutions news, insider John Croteau sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $17.08, for a total value of $68,320.00. Following the completion of the transaction, the insider now directly owns 136,777 shares of the company’s stock, valued at approximately $2,336,151.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Vivek Rajgarhia sold 3,949 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $17.95, for a total transaction of $70,884.55. Following the completion of the transaction, the senior vice president now directly owns 91,217 shares of the company’s stock, valued at $1,637,345.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,492 shares of company stock valued at $186,622. 32.40% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on MTSI shares. Zacks Investment Research upgraded MACOM Technology Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Craig Hallum upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday. BidaskClub downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. ValuEngine downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Evercore ISI downgraded MACOM Technology Solutions from an “outperform” rating to an “inline” rating in a report on Thursday, April 25th. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. MACOM Technology Solutions presently has a consensus rating of “Hold” and an average target price of $18.57.
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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