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 year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTSI shares.
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8 brokers have issued twelve-month price targets for MACOM Technology Solutions' stock. Their MTSI share price forecasts range from $65.00 to $82.00. On average, they expect the company's share price to reach $69.40 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
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MACOM Technology Solutions' stock was trading at $62.98 at the beginning of the year. Since then, MTSI stock has decreased by 2.8% and is now trading at $61.23.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) announced its earnings results on Thursday, November, 4th. The semiconductor company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The semiconductor company had revenue of $155.21 million for the quarter, compared to the consensus estimate of $154.97 million. MACOM Technology Solutions had a net margin of 46.70% and a trailing twelve-month return on equity of 22.95%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share.

ETFs with the largest weight of MACOM Technology Solutions (NASDAQ:MTSI) stock in their portfolio include Invesco Dynamic Semiconductors ETF (PSI), SPDR S&P Semiconductor ETF (XSD), Invesco DWA Technology Momentum ETF (PTF), iShares Future Cloud 5G and Tech ETF (IDAT), Nuveen Small Cap Select ETF (NSCS), Pacer US Export Leaders ETF (PEXL), Invesco S&P MidCap Quality ETF (XMHQ) and Invesco DWA Momentum ETF (PDP).

MACOM Technology Solutions updated its third quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $0.52-$0.56 for the period, compared to the consensus estimate of $0.73. The company issued revenue guidance of $145.00 million-$150.00 million, compared to the consensus revenue estimate of $165.38 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 number of institutional and retail investors. Top institutional investors include FMR LLC (6.43%), Price T Rowe Associates Inc. MD (4.64%), State Street Corp (3.20%), Victory Capital Management Inc. (1.50%), Geode Capital Management LLC (1.48%) and Aristotle Capital Boston LLC (1.32%). 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 $61.23.

MACOM Technology Solutions (NASDAQ:MTSI) has a market capitalization of $4.34 billion and generates $675.17 million in revenue each year. The semiconductor company earns $439.95 million in net income (profit) each year or $4.58 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.