MACOM Technology Solutions - MTSI Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MACOM Technology Solutions in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MTSI shares.
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8 Wall Street analysts have issued 1-year target prices for MACOM Technology Solutions' stock. Their MTSI share price forecasts range from $64.00 to $82.00. On average, they anticipate the company's stock price to reach $68.91 in the next twelve months. This suggests that the stock has a possible downside of 1.2%.
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MACOM Technology Solutions' stock was trading at $62.98 at the start of the year. Since then, MTSI stock has increased by 10.8% and is now trading at $69.77.
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MACOM Technology Solutions saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,650,000 shares, an increase of 29.9% from the February 28th total of 2,040,000 shares. Based on an average daily volume of 430,800 shares, the short-interest ratio is presently 6.2 days. Approximately 4.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our MTSI earnings forecast.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) posted its quarterly earnings data on Thursday, February, 2nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The semiconductor company had revenue of $180.10 million for the quarter, compared to analysts' expectations of $179.48 million. MACOM Technology Solutions had a net margin of 47.53% and a trailing twelve-month return on equity of 24.60%.

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), iShares Future Cloud 5G and Tech ETF (IDAT), Invesco DWA Technology Momentum ETF (PTF), Nuveen Small Cap Select ETF (NSCS), Pacer US Export Leaders ETF (PEXL), Invesco S&P MidCap Quality ETF (XMHQ) and Invesco DWA SmallCap Momentum ETF (DWAS).

MACOM Technology Solutions issued an update on its second quarter earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $0.76-$0.80 for the period, compared to the consensus earnings per share estimate of $0.77. The company issued revenue guidance of $166-$170 million, compared to the consensus revenue estimate of $178.80 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 shareholders include Price T Rowe Associates Inc. MD (5.29%), Alliancebernstein L.P. (4.47%), Victory Capital Management Inc. (1.99%), Victory Capital Management Inc. (1.99%), Victory Capital Management Inc. (1.99%) and Neuberger Berman Group LLC (1.94%). 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 $69.77.

MACOM Technology Solutions (NASDAQ:MTSI) has a market capitalization of $4.94 billion and generates $675.17 million in revenue each year. The semiconductor company earns $439.95 million in net income (profit) each year or $4.64 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.