MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock Has Average Target Price of $341.25 According to Brokerages

Key Points

• Analysts maintain a Moderate Buy consensus on MACOM Technology Solutions, with 12 of 15 firms rating the stock Buy or Strong Buy and an average 12-month price target of $341.25.
• MACOM beat quarterly expectations, reporting $1.40 EPS versus $1.35 expected and $342.24 million in revenue, up 35.8% year over year.
• MTSI shares opened at $285.57, below the $341.25 consensus target, while institutional investors own a substantial 76.14% of the company; two executives recently sold shares under pre-arranged trading plans.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $341.25.

Several research firms have recently weighed in on MTSI. Weiss Ratings cut MACOM Technology Solutions from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 21st. Zacks Research raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, August 24th. Wall Street Zen raised MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $385.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Finally, Benchmark assumed coverage on shares of MACOM Technology Solutions in a research note on Thursday, August 13th. They issued a "buy" rating and a $375.00 price objective on the stock.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $285.57 on Friday. The company has a 50 day moving average price of $273.79 and a 200-day moving average price of $297.11. MACOM Technology Solutions has a 52 week low of $121.97 and a 52 week high of $418.90. The firm has a market capitalization of $21.81 billion, a PE ratio of 91.82, a P/E/G ratio of 1.58 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.34 and a debt-to-equity ratio of 0.04.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. The company had revenue of $342.24 million for the quarter, compared to the consensus estimate of $336.08 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The firm's revenue for the quarter was up 35.8% compared to the same quarter last year. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. As a group, equities research analysts expect that MACOM Technology Solutions will post 4.26 earnings per share for the current year.

Insider Buying and Selling

In other MACOM Technology Solutions news, COO Robert Dennehy sold 252 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $275.20, for a total value of $69,350.40. Following the transaction, the chief operating officer directly owned 12,758 shares in the company, valued at approximately $3,511,001.60. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,389 shares of MACOM Technology Solutions stock in a transaction on Monday, August 17th. The stock was sold at an average price of $326.08, for a total transaction of $2,409,405.12. Following the transaction, the chief financial officer owned 33,583 shares in the company, valued at $10,950,744.64. This represents a 18.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently bought and sold shares of MTSI. QRG Capital Management Inc. lifted its stake in shares of MACOM Technology Solutions by 9.3% during the 2nd quarter. QRG Capital Management Inc. now owns 2,601 shares of the semiconductor company's stock valued at $989,000 after buying an additional 222 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in MACOM Technology Solutions by 5.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,073 shares of the semiconductor company's stock worth $789,000 after buying an additional 107 shares in the last quarter. Tidal Investments LLC increased its stake in MACOM Technology Solutions by 21.3% in the 2nd quarter. Tidal Investments LLC now owns 15,986 shares of the semiconductor company's stock worth $6,081,000 after buying an additional 2,803 shares in the last quarter. Engineers Gate Manager LP bought a new stake in MACOM Technology Solutions during the second quarter valued at about $1,684,000. Finally, Integrated Wealth Concepts LLC bought a new stake in MACOM Technology Solutions during the second quarter valued at about $710,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc NASDAQ: MTSI develops and manufactures high-performance semiconductor products for communications, aerospace and defense, industrial, and test and measurement applications. The company's technologies are designed to support the transmission, processing, and control of high-frequency signals across a range of electronic systems.

Its product portfolio includes radio-frequency, microwave, and millimeter-wave components; analog and mixed-signal devices; compound semiconductor products; and optical components used in communications infrastructure and data-center networks.

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