MACOM Technology Solutions (NASDAQ:MTSI) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded MACOM Technology Solutions from a "strong sell" to a "hold" rating, indicating improved confidence in the stock's performance.
• Several analysts have recently rated MACOM Technology Solutions positively, with one rating a "Strong Buy" and others increasing their price targets significantly, leading to a consensus target price of $146.13.
• The company's earnings report showed a better-than-expected EPS of $0.90 for the quarter, along with a year-over-year revenue increase of 32.3%.

Zacks Research upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI - Free Report) from a strong sell rating to a hold rating in a research report report published on Wednesday, August 20th,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Bank of America raised their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Stifel Nicolaus lifted their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a report on Friday, July 18th. Truist Financial upped their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Benchmark restated a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Finally, Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $146.13.

MACOM Technology Solutions Trading Up 1.9%

NASDAQ:MTSI traded up $2.42 on Wednesday, hitting $130.75. 238,194 shares of the stock were exchanged, compared to its average volume of 754,234. MACOM Technology Solutions has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The stock has a fifty day moving average of $134.64 and a 200-day moving average of $120.23. The company has a current ratio of 3.83, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. The stock has a market cap of $9.74 billion, a PE ratio of -128.73, a PEG ratio of 2.40 and a beta of 1.38.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%.The firm had revenue of $252.08 million during the quarter, compared to the consensus estimate of $249.89 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. MACOM Technology Solutions's revenue for the quarter was up 32.3% on a year-over-year basis. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, equities analysts expect that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 5,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total transaction of $702,100.00. Following the completion of the sale, the senior vice president directly owned 15,680 shares of the company's stock, valued at $2,201,785.60. The trade was a 24.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jihye Whang Rosenband sold 800 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $123.81, for a total transaction of $99,048.00. Following the sale, the director directly owned 7,189 shares of the company's stock, valued at approximately $890,070.09. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,469 shares of company stock valued at $5,191,060 in the last quarter. Insiders own 16.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTSI. Price T Rowe Associates Inc. MD grew its holdings in shares of MACOM Technology Solutions by 38.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after purchasing an additional 1,120,510 shares during the last quarter. Norges Bank bought a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at $113,936,000. Fiera Capital Corp bought a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at $41,744,000. AQR Capital Management LLC grew its holdings in shares of MACOM Technology Solutions by 5,891.8% during the 1st quarter. AQR Capital Management LLC now owns 247,400 shares of the semiconductor company's stock valued at $23,510,000 after purchasing an additional 243,271 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in MACOM Technology Solutions during the 1st quarter valued at $23,767,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

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.