MACOM Technology Solutions (MTSI) to Release Quarterly Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect MACOM Technology Solutions to post earnings of $0.73 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The business had revenue of $190.50 million during the quarter, compared to analyst estimates of $190.42 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect MACOM Technology Solutions to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MACOM Technology Solutions Trading Down 4.6 %

Shares of MTSI stock traded down $5.38 on Thursday, reaching $112.43. 239,538 shares of the company's stock were exchanged, compared to its average volume of 562,062. The company's fifty day simple moving average is $108.39 and its 200 day simple moving average is $105.39. MACOM Technology Solutions has a 52 week low of $68.58 and a 52 week high of $122.60. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $8.12 billion, a PE ratio of 113.67, a P/E/G ratio of 4.63 and a beta of 1.70.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 95,743 shares of the business's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $103.18, for a total transaction of $9,878,762.74. Following the completion of the transaction, the director now directly owns 6,876,284 shares of the company's stock, valued at $709,494,983.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 21,012 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $109.40, for a total value of $2,298,712.80. Following the transaction, the chief executive officer now directly owns 64,472 shares in the company, valued at approximately $7,053,236.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 95,743 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $103.18, for a total transaction of $9,878,762.74. Following the completion of the sale, the director now owns 6,876,284 shares of the company's stock, valued at approximately $709,494,983.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 662,274 shares of company stock valued at $70,305,369 in the last ninety days. Company insiders own 22.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MTSI. Needham & Company LLC boosted their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Benchmark reissued a "buy" rating and issued a $120.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, September 12th. JPMorgan Chase & Co. raised their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Piper Sandler lifted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, Barclays boosted their price objective on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $120.00.

About MACOM Technology Solutions

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.