MACOM Technology Solutions (NASDAQ:MTSI) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.01-0.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01. The company issued revenue guidance of $113-117 million, compared to the consensus revenue estimate of $111.27 million.

A number of analysts have recently issued reports on the stock. BidaskClub raised shares of MACOM Technology Solutions from a hold rating to a buy rating in a research note on Saturday, November 2nd. Northland Securities reissued a buy rating and issued a $22.50 price objective on shares of MACOM Technology Solutions in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of MACOM Technology Solutions from $15.00 to $18.00 and gave the stock an underweight rating in a research note on Wednesday. Zacks Investment Research cut shares of MACOM Technology Solutions from a buy rating to a hold rating and set a $23.00 price objective for the company. in a research note on Monday, October 14th. Finally, Needham & Company LLC reissued a buy rating and issued a $28.00 price objective on shares of MACOM Technology Solutions in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $19.21.

MTSI stock opened at $26.49 on Thursday. MACOM Technology Solutions has a 52 week low of $12.33 and a 52 week high of $26.95. The company has a quick ratio of 3.20, a current ratio of 4.37 and a debt-to-equity ratio of 2.29. The company has a fifty day simple moving average of $22.05 and a two-hundred day simple moving average of $18.34. The firm has a market capitalization of $1.55 billion, a P/E ratio of -44.15 and a beta of 1.88.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, November 12th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. The firm had revenue of $112.20 million during the quarter, compared to analyst estimates of $110.16 million. MACOM Technology Solutions had a negative net margin of 76.27% and a negative return on equity of 7.79%. The business’s revenue was down 25.8% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS. As a group, analysts anticipate that MACOM Technology Solutions will post -0.09 EPS for the current year.

About MACOM Technology Solutions

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 and Estimates for MACOM Technology Solutions (NASDAQ:MTSI)

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