MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) had its target price dropped by analysts at JPMorgan Chase & Co. from $345.00 to $280.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 32.71% from the stock’s previous close.
Several other research firms have also commented on MTSI. Raymond James Financial raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $300.00 price target on the stock in a research report on Tuesday, October 27th. Weiss Ratings downgraded shares of MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. BMO Capital Markets upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price objective on the stock in a research note on Friday, September 18th. Susquehanna reduced their target price on shares of MACOM Technology Solutions from $300.00 to $220.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Wall Street Zen upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $316.25.
Get Our Latest Stock Report on MTSI
MACOM Technology Solutions Stock Performance
NASDAQ:MTSI opened at $210.98 on Friday. The business’s 50-day moving average is $270.93 and its two-hundred day moving average is $282.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.53 and a quick ratio of 1.99. MACOM Technology Solutions has a 12 month low of $150.80 and a 12 month high of $418.90. The firm has a market capitalization of $16.11 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 0.79 and a beta of 1.82.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.09. MACOM Technology Solutions had a return on equity of 22.46% and a net margin of 25.25%. The company had revenue of $424.82 million for the quarter, compared to analysts’ expectations of $420.35 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The firm’s quarterly revenue was up 62.6% on a year-over-year basis. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. Research analysts predict that MACOM Technology Solutions will post 7.09 earnings per share for the current fiscal year.
Insider Activity at MACOM Technology Solutions
In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 653 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $300.00, for a total transaction of $195,900.00. Following the sale, the senior vice president directly owned 9,184 shares in the company, valued at $2,755,200. The trade was a 6.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,389 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $326.08, for a total value of $2,409,405.12. Following the completion of the transaction, the chief financial officer directly owned 33,583 shares in the company, valued at approximately $10,950,744.64. The trade was a 18.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 9,321 shares of company stock valued at $2,917,644. Insiders own 0.36% of the company’s stock.
Institutional Trading of MACOM Technology Solutions
Institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its stake in shares of MACOM Technology Solutions by 15.5% in the 1st quarter. Janus Henderson Group PLC now owns 784,118 shares of the semiconductor company’s stock valued at $174,109,000 after purchasing an additional 105,032 shares in the last quarter. Jupiter Topco LLC acquired a new position in MACOM Technology Solutions in the second quarter worth about $256,612,000. Bank of America Corp DE acquired a new position in MACOM Technology Solutions in the second quarter worth about $247,732,000. Bank of New York Mellon Corp bought a new stake in MACOM Technology Solutions in the second quarter valued at about $204,593,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in MACOM Technology Solutions by 22.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 444,130 shares of the semiconductor company’s stock valued at $133,963,000 after buying an additional 82,068 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.
MACOM Technology Solutions Company Profile
MACOM Technology Solutions designs and supplies semiconductor products for applications that use radio frequency, microwave, millimeter-wave and optical signals. Its products include amplifiers, switches, diodes, mixers, attenuators and other components used in communications and electronic systems.
The company serves customers in markets including telecommunications, data centers, aerospace and defense, and industrial applications. Its components are used in equipment such as wireless infrastructure, high-speed optical networks, radar and test systems.
Headquartered in Lowell, Massachusetts, MACOM traces its history to Microwave Associates, founded in 1950.
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