MACOM Technology Solutions (MTSI) Scheduled to Post Quarterly Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce 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 Price Performance

Shares of NASDAQ MTSI opened at $116.69 on Wednesday. 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 fifty day simple moving average of $109.09 and a two-hundred day simple moving average of $105.94. MACOM Technology Solutions has a 1-year low of $72.15 and a 1-year high of $122.60. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 119.07, a price-to-earnings-growth ratio of 4.29 and a beta of 1.69.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTSI. Needham & Company LLC lifted their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $120.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Stifel Nicolaus boosted their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Piper Sandler raised their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $120.00.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares of the company’s stock, valued at $1,974,983.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Susan Ocampo sold 95,743 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 6,876,284 shares of the company’s stock, valued at approximately $709,494,983.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the completion of the sale, the senior vice president now directly owns 19,481 shares of the company’s stock, valued at approximately $1,974,983.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 669,396 shares of company stock worth $71,106,808. Corporate insiders own 22.75% of the company’s stock.

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.