MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) – Investment analysts at Jefferies Financial Group said in a research report issued to clients and investors on Thursday, Oct. 13, shares of MACOM Technology Solutions held 2022. We lowered our earnings forecast for the year. Jefferies Financial Group analyst M. Lipasis now expects the company to earn annual earnings of $2.24 a share, down from his previous forecast of $2.26. MACOM Technology Solutions’ current consensus forecast for annual earnings is he’s $2.26 per share. Jefferies Financial Group estimates MACOM Technology Solutions’ fourth quarter 2022 earnings at EPS of $0.60, first quarter 2023 earnings at EPS of $0.54, and fiscal year 2023 earnings at EPS of $1.44.
Several other research analysts have also recently published reports on stocks. Cowen raised his share price target for MACOM Technology Solutions from his $55.00 to his $68.00 in a research report on Friday, July 29. Northland Securities lowered its target price on shares of MACOM Technology Solutions from his $75.00 to $70.00 in a research report on Friday, July 29. StockNews.com featured his stake in MACOM Technology Solutions in a research report on Wednesday, October 12th. They have set a “buy” rating on the stock. Piper Sandler raised his price target on shares of MACOM Technology Solutions from $65.00 to $75.00 in a research report on Friday, August 19, giving the company an “overweight” rating. Finally, Needham & Company LLC raised its price target on MACOM Technology Solutions’ stock from $57.00 to $62.00 in its research report on Friday, July 29, giving the company a Buy rating. Eight analysts have rated the stock Buy, according to MarketBeat.com, and the company currently has a Buy consensus rating and a consensus target price of $71.55.
MACOM Technology Solutions shares drop 3.7%
MTSI opened Monday at $50.37. The company has a 50-day simple moving average of $56.19 and a 200-day simple moving average of $53.20. The company has a debt to equity ratio of 1.01, a quick ratio of 6.46 and a current ratio of 7.55. MACOM Technology Solutions has a 12-month low of $42.85 and a 12-month high of $80.30. The company has a market capitalization of $3.53 billion, a price/earnings ratio of 16.46, a PEG ratio of 1.29 and a beta of 1.93.
MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last reported quarterly results on Thursday, July 28. The semiconductor company reported earnings per share (EPS) of $0.59 for the quarter, beating consensus expectations of $0.57 by $0.02. MACOM Technology Solutions had a net profit margin of 33.38% and a return on equity of 27.65%. The company’s revenue for the quarter was $172.3 million, compared with analyst estimates of $170.04 million. During the same quarter last year, the company posted EPS of his $0.44. The business’ revenue for the quarter increased 12.9% year-over-year.
insider trading
In related news, SVP Robert Dennehy sold 2,000 shares of stock in a transaction that took place on Monday, October 3rd. The shares were sold at an average price of $52.40, and the transaction totaled him $104,800.00. Following the closing of the sale, the Senior Vice President now directly owns 86,650 shares of the Company’s stock valued at approximately $4,540,460. The deal is disclosed in documents filed with the SEC and available on the SEC’s website. In related news, SVP Robert Dennehy sold 2,000 shares of stock in a transaction that took place on Monday, October 3rd. The shares were sold at an average price of $52.40, and the transaction totaled him $104,800.00. Following the closing of the sale, the Senior Vice President now directly owns 86,650 shares of the Company’s stock valued at approximately $4,540,460. The deal is disclosed in documents filed with the SEC and available on the SEC’s website. SVP Douglas J. Carlson also sold 3,394 shares in a transaction that took place on Monday, August 15th. The shares sold at an average price of $66.55, giving him a total of $225,870.70. After the sale, the Senior Vice President now directly owns 19,646 shares of the Company’s stock valued at $1,307,441.30. Please see here for the disclosure of this sale. In the past three months, the insider has sold 956,220 shares of his company stock worth $56,766,567. 28.30% of the shares are owned by corporate insiders.
Hedge funds look to MACOM technology solutions
Several hedge funds have recently changed their positions on the MTSI. SeaCrest Wealth Management LLC purchased a new stake in his MACOM Technology Solutions worth approximately $37,000 in the second quarter. CWM LLC increased his stake in MACOM Technology Solutions by 55.9% in the first quarter. CWM LLC now owns 664 shares of the semiconductor company worth $40,000 after acquiring an additional 238 shares last quarter. Point72 Hong Kong Ltd increased his stake in MACOM Technology Solutions by 69.9% in the second quarter. Point72 Hong Kong Ltd now owns 1,451 shares in the semiconductor company valued at $67,000 after acquiring an additional 597 shares in the previous quarter. Captrust Financial Advisors increased his stake in MACOM Technology Solutions by 26.6% in the second quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company worth $68,000 after acquiring an additional 308 shares last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new position in her MACOM Technology Solutions stock worth approximately $78,000 in the second quarter. 72.30% of the shares are owned by institutional investors.
About MACOM Technology Solutions
(get rating)
MACOM Technology Solutions Holdings, Inc., along 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 spectrums in the United States, China, and Asia. increase. Pacific, and internationally.
References
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