MACOM Technology Solutions (MTSI) Expected to Announce Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $214.92 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

MACOM Technology Solutions Trading Up 3.1 %

Shares of MACOM Technology Solutions stock traded up $3.96 during trading on Thursday, hitting $130.86. The stock had a trading volume of 851,537 shares, compared to its average volume of 670,776. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. MACOM Technology Solutions has a 12 month low of $79.25 and a 12 month high of $152.50. The stock has a market cap of $9.73 billion, a PE ratio of 127.05, a PEG ratio of 2.58 and a beta of 1.71. The firm's fifty day simple moving average is $136.20 and its 200-day simple moving average is $118.80.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MTSI. Northland Securities boosted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a "market perform" rating in a report on Monday, November 11th. Piper Sandler boosted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Barclays upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Finally, Benchmark lifted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $128.00.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 19,470 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total transaction of $2,470,353.60. Following the completion of the sale, the chief financial officer now directly owns 51,489 shares in the company, valued at approximately $6,532,924.32. The trade was a 27.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total transaction of $177,570.00. Following the transaction, the senior vice president now directly owns 37,102 shares of the company's stock, valued at approximately $4,392,134.76. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,032 shares of company stock valued at $28,080,365 in the last three months. 16.30% of the stock is owned by 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.