MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.10-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.46. The company issued revenue guidance of $130-136 million, compared to the consensus revenue estimate of $173.91 million.

Several brokerages recently weighed in on MTSI. Barclays PLC reduced their price target on MACOM Technology Solutions Holdings from $50.00 to $40.00 and set an overweight rating on the stock in a research note on Wednesday. J P Morgan Chase & Co reduced their price target on MACOM Technology Solutions Holdings from $55.00 to $45.00 and set an overweight rating on the stock in a research note on Wednesday. reduced their price target on MACOM Technology Solutions Holdings from $43.00 to $35.00 and set a hold rating on the stock in a research note on Wednesday. reduced their price target on MACOM Technology Solutions Holdings from $43.00 to $35.00 and set a hold rating on the stock in a research note on Wednesday. Finally, reduced their price target on MACOM Technology Solutions Holdings from $45.00 to $42.00 and set a buy rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. MACOM Technology Solutions Holdings presently has an average rating of Hold and an average target price of $42.10.

Shares of MACOM Technology Solutions Holdings, Inc. (MTSI) opened at $30.02 on Thursday. The company has a quick ratio of 4.42, a current ratio of 5.61 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $29.98 and a 1-year high of $65.99. The company has a market capitalization of $2,351.60, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 0.98 and a beta of 1.40.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions Holdings had a positive return on equity of 15.58% and a negative net margin of 24.26%. The company had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. During the same period last year, the firm posted $0.54 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.87 EPS for the current fiscal year.

In other news, Director Geoffrey G. Ribar acquired 5,000 shares of MACOM Technology Solutions Holdings stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average price of $43.37 per share, for a total transaction of $216,850.00. Following the completion of the transaction, the director now owns 11,063 shares in the company, valued at $479,802.31. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Croteau sold 2,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total value of $90,400.00. The disclosure for this sale can be found here. Insiders sold 5,500 shares of company stock worth $247,340 over the last three months. Corporate insiders own 42.30% of the company’s stock.

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MACOM Technology Solutions Holdings Company Profile

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

Earnings History and Estimates for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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