MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) is set to announce fourth quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MTSI to report 4Q20 income of $ 0.38 per share.
For the full year, analysts anticipate top line of $ 528.80 million, while looking forward to income of $ 0.96 per share bottom line.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 0.36 ~ $ 0.40 per share, while revenues are expected in a range of $ 144.00 million ~ $ 148.00 million
Click Here For More Historical Outlooks Of MACOM Technology Solutions Holdings, Inc.
Previous Quarter Performance
MACOM Technology Solutions Holdings, Inc. disclosed income for the third quarter of $ 0.33 per share, from the revenue of $ 137.27 million. The consensus estimates are income of $ 0.21 per share from $ 131.26 million in revenue. The bottom line results beat street analysts by $ 0.12 or 57.14 percent, at the same time, top line results outshined analysts by $ 6.01 million or 4.58 percent.
Stock Performance
Shares of MACOM Technology Solutions Holdings, Inc. traded up $ 1.04 or 2.67 percent on Wednesday, reaching $ 40.02 with volume of 600.40 thousand shares. MACOM Technology Solutions Holdings, Inc. has traded high as $ 40.66 and has cracked $ 39.18 on the downward trend
The closing price of $ 40.02, representing a 159.35 % increase from the 52 week low of $ 15.03 and a 12.78 % decrease over the 52 week high of $ 44.69.
The company has a market capital of $ 2.68 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 12th October 2020, initiated by Cowen at Outperform rating, with $ 45.00 target price.
- On 24th September 2020, upgraded by Stifel Nicolaus to Buy from Hold rating.
- On 18th September 2020, initiated by Benchmark at Buy rating, with $ 47.00 target price.
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. Its semiconductor products are electronic components that are incorporated in electronic systems, such as wireless basestations, high density networks, active antenna arrays, radar, magnetic resonance imaging systems, and test and measurement.
