MACOM Technology Solutions - MTSI Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MACOM Technology Solutions in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTSI shares.
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7 analysts have issued 12-month price targets for MACOM Technology Solutions' stock. Their MTSI share price forecasts range from $62.00 to $90.00. On average, they anticipate the company's share price to reach $71.55 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price.
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MACOM Technology Solutions' stock was trading at $78.30 at the beginning of 2022. Since then, MTSI stock has decreased by 32.0% and is now trading at $53.23.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) released its quarterly earnings data on Thursday, July, 28th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The semiconductor company had revenue of $172.30 million for the quarter, compared to analyst estimates of $170.04 million. MACOM Technology Solutions had a trailing twelve-month return on equity of 27.65% and a net margin of 33.38%. The business's revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share.

MACOM Technology Solutions updated its fourth quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $0.74-$0.78 for the period, compared to the consensus estimate of $0.74. The company issued revenue guidance of $175.00 million-$180.00 million, compared to the consensus revenue estimate of $177.85 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 retail and institutional investors. Top institutional shareholders include FMR LLC (5.38%), Victory Capital Management Inc. (2.95%), Aristotle Capital Boston LLC (1.49%), Frontier Capital Management Co. LLC (1.44%), Loomis Sayles & Co. L P (1.42%) and TimesSquare Capital Management LLC (1.28%). 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 $53.23.

MACOM Technology Solutions (NASDAQ:MTSI) has a market capitalization of $3.73 billion and generates $606.92 million in revenue each year. The semiconductor company earns $37.97 million in net income (profit) each year or $3.06 on an earnings per share basis.

The company employs 1,100 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.