TD Cowen Begins Coverage on MACOM Technology Solutions (NASDAQ:MTSI)

Key Points

• TD Cowen initiated coverage on MACOM Technology Solutions (NASDAQ:MTSI), assigning a buy rating and a price target of $150.00, indicating a potential upside of 20.49% from the last close.
• Other major brokerages have upgraded their ratings on MTSI, with a consensus price target of $146.56, reflecting a strong sentiment among analysts.
• Insider activity includes significant stock sales by a major shareholder and a director, indicating a 4.26% decrease in the primary shareholder's position.

TD Cowen assumed coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) in a note issued to investors on Wednesday. The brokerage set a "buy" rating and a $150.00 price target on the semiconductor company's stock. TD Cowen's price target suggests a potential upside of 20.49% from the company's previous close.

A number of other brokerages have also recently weighed in on MTSI. Zacks Research raised MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Bank of America raised their price target 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 raised their price target on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Truist Financial raised their price target on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $146.56.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $124.49 on Wednesday. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of -123.26, a P/E/G ratio of 2.34 and a beta of 1.49. The company has a current ratio of 3.83, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. MACOM Technology Solutions has a 1-year low of $84.00 and a 1-year high of $152.50. The stock's 50-day moving average is $129.89 and its 200 day moving average is $122.79.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. The company had revenue of $252.08 million for the quarter, compared to analysts' expectations of $249.89 million. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%.MACOM Technology Solutions's revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. On average, sell-side analysts anticipate that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $133.09, for a total value of $19,963,500.00. Following the sale, the insider directly owned 3,372,186 shares in the company, valued at approximately $448,804,234.74. This trade represents a 4.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jihye Whang Rosenband sold 800 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $123.81, for a total value of $99,048.00. Following the completion of the sale, the director owned 7,189 shares in the company, valued at approximately $890,070.09. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 753,235 shares of company stock worth $99,772,780. Corporate insiders own 16.30% of the company's stock.

Institutional Investors Weigh In On MACOM Technology Solutions

Large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $113,936,000. Fiera Capital Corp bought a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $41,744,000. AQR Capital Management LLC boosted its position in shares of MACOM Technology Solutions by 5,891.8% during the first 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 in the last quarter. Nuveen LLC bought a new stake in shares of MACOM Technology Solutions during the first quarter valued at approximately $23,767,000. Finally, Bank of New York Mellon Corp boosted its position in shares of MACOM Technology Solutions by 52.2% during the second quarter. Bank of New York Mellon Corp now owns 628,882 shares of the semiconductor company's stock valued at $90,113,000 after purchasing an additional 215,578 shares in the last quarter. 76.14% of the stock is currently owned by 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.

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