Trade Report: Today: Investment Analysts’ Weekly Ratings Updates for MACOM Technology Solutions Holdings (MTSI)

Today: Investment Analysts’ Weekly Ratings Updates for MACOM Technology Solutions Holdings (MTSI)

Several brokerages have updated their recommendations and price targets on shares of MACOM Technology Solutions Holdings (NASDAQ: MTSI) in the last few weeks:

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) traded up 0.341% on Monday, hitting $48.525. 227,977 shares of the company were exchanged. The firm’s 50 day moving average is $40.34 and its 200 day moving average is $38.68. MACOM Technology Solutions Holdings Inc has a 52 week low of $29.56 and a 52 week high of $48.80. The company has a market capitalization of $2.61 billion, a P/E ratio of 2021.875 and a beta of 1.39.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.02. MACOM Technology Solutions Holdings had a net margin of 0.26% and a return on equity of 17.23%. The company had revenue of $152.70 million for the quarter. During the same quarter last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, equities research analysts forecast that MACOM Technology Solutions Holdings Inc will post $2.56 earnings per share for the current fiscal year.

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