MACOM Technology Solutions (NASDAQ:MTSI) Issues Q3 Earnings Guidance

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.63-$0.69 for the period, compared to the consensus EPS estimate of $0.65. The company issued revenue guidance of $187-$193 million, compared to the consensus revenue estimate of $188.23 million.

MACOM Technology Solutions Stock Down 0.1 %

Shares of NASDAQ:MTSI traded down $0.14 during trading on Thursday, hitting $98.98. 1,138,880 shares of the company were exchanged, compared to its average volume of 522,559. The stock has a market capitalization of $7.13 billion, a P/E ratio of 95.31, a PEG ratio of 6.46 and a beta of 1.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24 and a quick ratio of 5.69. MACOM Technology Solutions has a 12-month low of $48.53 and a 12-month high of $104.90. The firm's 50 day moving average price is $95.60 and its 200-day moving average price is $87.99.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $157.15 million during the quarter, compared to the consensus estimate of $151.12 million. MACOM Technology Solutions had a net margin of 11.93% and a return on equity of 14.85%. On average, research analysts predict that MACOM Technology Solutions will post 2.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on MTSI shares. Needham & Company LLC boosted their price objective on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Evercore ISI began coverage on shares of MACOM Technology Solutions in a report on Tuesday, April 16th. They issued an outperform rating and a $120.00 target price on the stock. TheStreet cut shares of MACOM Technology Solutions from a b rating to a c+ rating in a report on Thursday, February 1st. Stifel Nicolaus lifted their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a buy rating in a report on Thursday, April 18th. Finally, Barclays lifted their target price on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the company an overweight rating in a report on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $99.67.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 12,892 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total value of $1,030,715.40. Following the transaction, the chief financial officer now directly owns 60,672 shares of the company's stock, valued at approximately $4,850,726.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other MACOM Technology Solutions news, Director Susan Ocampo sold 65,993 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $80.01, for a total value of $5,280,099.93. Following the transaction, the director now directly owns 8,045,668 shares of the company's stock, valued at approximately $643,733,896.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Kober sold 12,892 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the completion of the transaction, the chief financial officer now directly owns 60,672 shares in the company, valued at $4,850,726.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 804,824 shares of company stock valued at $68,127,415. 22.75% of the stock is owned by company insiders.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.