MACOM Technology Solutions (MTSI) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MACOM Technology Solutions in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MTSI shares.
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8 brokerages have issued 1 year price targets for MACOM Technology Solutions' stock. Their MTSI share price forecasts range from $65.00 to $92.00. On average, they predict the company's share price to reach $79.44 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price.
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MACOM Technology Solutions' stock was trading at $62.98 on January 1st, 2023. Since then, MTSI shares have increased by 24.4% and is now trading at $78.32.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MTSI earnings forecast.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) posted its earnings results on Thursday, August, 3rd. The semiconductor company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The semiconductor company earned $148.52 million during the quarter, compared to analysts' expectations of $147.05 million. MACOM Technology Solutions had a net margin of 45.32% and a trailing twelve-month return on equity of 19.48%.

ETFs with the largest weight of MACOM Technology Solutions (NASDAQ:MTSI) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), iShares Future Cloud 5G and Tech ETF (IDAT), Pacer US Export Leaders ETF (PEXL), First Trust Nasdaq Semiconductor ETF (FTXL), Syntax Stratified MidCap (SMDY) and Defiance Next Gen Connectivity ETF (FIVG).Invesco S&P MidCap 400 GARP ETF (EWMC).

MACOM Technology Solutions issued an update on its fourth quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $0.53-$0.57 for the period, compared to the consensus estimate of $0.54. The company issued revenue guidance of $148.00 million-$152.00 million, compared to the consensus revenue estimate of $148.83 million.

6 employees have rated MACOM Technology Solutions Chief Executive Officer Steve Daly on Glassdoor.com. Steve Daly has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MACOM Technology Solutions investors own include NVIDIA (NVDA), Block (SQ), Advanced Micro Devices (AMD), Marvell Technology (MRVL), Cisco Systems (CSCO), Alibaba Group (BABA), Intel (INTC), Editas Medicine (EDIT), Cognex (CGNX) and QUALCOMM (QCOM).

MACOM Technology Solutions trades on the NASDAQ under the ticker symbol "MTSI."

MACOM Technology Solutions' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (3.41%), Alliancebernstein L.P. (3.08%), Geode Capital Management LLC (1.55%), Victory Capital Management Inc. (1.36%), Aristotle Capital Boston LLC (1.35%) and Dimensional Fund Advisors LP (1.34%). Insiders that own company stock include Ambra R Roth, Charles R Bland, Donghyun Thomas Hwang, Douglas J Carlson, Douglas J Carlson, Geoffrey G Ribar, John Kober, John L Ocampo, Peter Y Chung, Robert Dennehy, Stephen G Daly and Stephen G Daly.
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Shares of MTSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTSI stock can currently be purchased for approximately $78.32.

MACOM Technology Solutions (NASDAQ:MTSI) has a market capitalization of $5.56 billion and generates $675.17 million in revenue each year. The semiconductor company earns $439.95 million in net income (profit) each year or $4.30 on an earnings per share basis.

The company employs 1,200 workers across the globe.

MACOM Technology Solutions' mailing address is 100 CHELMSFORD STREET, LOWELL MA, 01851. The official website for the company is www.macom.com. The semiconductor company can be reached via phone at (978) 656-2500, via email at ir@macomtech.com, or via fax at 978-656-2804.