MACOM Technology Solutions (NASDAQ:MTSI) issued its quarterly earnings data on Wednesday. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.12, MarketWatch Earnings reports. MACOM Technology Solutions had a positive return on equity of 2.51% and a negative net margin of 11.20%. The business had revenue of $137.27 million during the quarter, compared to analyst estimates of $131.19 million. During the same period in the prior year, the company posted ($0.42) EPS. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. MACOM Technology Solutions updated its Q4 2020
After-Hours guidance to 0.36-0.40 EPS and its Q4 guidance to $0.36-0.40 EPS.

MTSI traded down $0.87 during trading on Friday, reaching $42.53. 27,514 shares of the company’s stock were exchanged, compared to its average volume of 586,856. The company’s fifty day moving average price is $35.11 and its 200-day moving average price is $28.68. The company has a debt-to-equity ratio of 2.39, a quick ratio of 3.42 and a current ratio of 4.50. MACOM Technology Solutions has a fifty-two week low of $15.03 and a fifty-two week high of $43.75. The firm has a market capitalization of $2.85 billion, a PE ratio of -44.45 and a beta of 2.39.

MTSI has been the subject of a number of research analyst reports. BidaskClub upgraded MACOM Technology Solutions from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Piper Sandler upped their target price on MACOM Technology Solutions from $37.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Investment Research upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, May 5th. Stifel Nicolaus upped their target price on MACOM Technology Solutions from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, ValuEngine downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. MACOM Technology Solutions currently has a consensus rating of “Buy” and an average target price of $40.75.

In other MACOM Technology Solutions news, CFO John Kober sold 3,025 shares of MACOM Technology Solutions stock in a transaction on Monday, July 13th. The shares were sold at an average price of $38.00, for a total transaction of $114,950.00. Following the completion of the sale, the chief financial officer now owns 99,578 shares of the company’s stock, valued at approximately $3,783,964. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 981 shares of MACOM Technology Solutions stock in a transaction on Monday, July 6th. The stock was sold at an average price of $36.20, for a total transaction of $35,512.20. Following the sale, the senior vice president now directly owns 67,122 shares of the company’s stock, valued at approximately $2,429,816.40. The disclosure for this sale can be found here. Insiders have sold a total of 35,709 shares of company stock valued at $1,163,451 in the last ninety days. Company insiders own 32.20% of the company’s stock.

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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Earnings History for MACOM Technology Solutions (NASDAQ:MTSI)

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