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 Wall Street analysts have issued twelve-month price objectives for MACOM Technology Solutions' shares. Their MTSI share price forecasts range from $65.00 to $92.00. On average, they expect the company's stock price to reach $79.44 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts price targets for MTSI or view top-rated stocks among Wall Street analysts.

MACOM Technology Solutions' stock was trading at $62.98 at the beginning of 2023. Since then, MTSI stock has increased by 27.9% and is now trading at $80.56.
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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) issued its earnings results on Thursday, August, 3rd. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The semiconductor company had revenue of $148.52 million for the quarter, compared to the consensus estimate of $147.05 million. MACOM Technology Solutions had a trailing twelve-month return on equity of 19.48% and a net margin of 45.32%.

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 ETF (SMDY) and Defiance Next Gen Connectivity ETF (FIVG).Invesco S&P MidCap 400 GARP ETF (EWMC).

MACOM Technology Solutions updated its fourth quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $0.53-$0.57 for the period, compared to the consensus EPS 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."

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 $80.56.

MACOM Technology Solutions (NASDAQ:MTSI) has a market capitalization of $5.72 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.