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

MACOM Technology Solutions (NASDAQ:MTSI) is set to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.58 per share for the quarter. MACOM Technology Solutions has set its Q2 guidance at $0.56-0.62 EPS and its Q2 2024 guidance at 0.560-0.620 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $157.15 million during the quarter, compared to analysts’ expectations of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. 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 Up 2.3 %

Shares of NASDAQ MTSI opened at $104.00 on Tuesday. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 100.00, a PEG ratio of 6.44 and a beta of 1.64. The business has a 50 day simple moving average of $94.58 and a 200 day simple moving average of $87.60. MACOM Technology Solutions has a 52 week low of $48.53 and a 52 week high of $104.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.69 and a current ratio of 7.24.

Analyst Upgrades and Downgrades

MTSI has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Needham & Company LLC boosted their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Evercore ISI assumed coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 target price for the company. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $85.00 target price on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average price target of $99.67.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 65,993 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $80.01, for a total transaction of $5,280,099.93. Following the completion of the transaction, the director now directly owns 8,045,668 shares in the company, valued at $643,733,896.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Robert Dennehy sold 2,370 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the transaction, the senior vice president now directly owns 32,827 shares in the company, valued at $2,917,663.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan Ocampo sold 65,993 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $80.01, for a total value of $5,280,099.93. Following the completion of the transaction, the director now owns 8,045,668 shares of the company’s stock, valued at $643,733,896.68. The disclosure for this sale can be found here. Insiders sold a total of 804,824 shares of company stock worth $68,127,415 over the last three months. 22.75% of the stock is currently 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.