MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock Has Average Price Target of $341.25 According to Brokerages

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have earned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $341.25.

MTSI has been the subject of several recent research reports. BMO Capital Markets raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 target price for the company in a research note on Friday, September 18th. Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, August 24th. Benchmark started coverage on MACOM Technology Solutions in a research report on Thursday, August 13th. They set a “buy” rating and a $375.00 price objective for the company. Finally, Weiss Ratings lowered MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st.

Insiders Place Their Bets

In related news, COO Robert Dennehy sold 252 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $275.20, for a total value of $69,350.40. Following the completion of the transaction, the chief operating officer owned 12,758 shares in the company, valued at $3,511,001.60. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 MACOM Technology Solutions stock in a transaction dated Monday, August 17th. The stock was 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 $10,950,744.64. This represents a 18.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is owned by insiders.

Institutional Trading of MACOM Technology Solutions

A number of hedge funds have recently bought and sold shares of MTSI. Geode Capital Management LLC grew its holdings in shares of MACOM Technology Solutions by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,267,103 shares of the semiconductor company’s stock valued at $217,073,000 after buying an additional 37,222 shares in the last quarter. GW&K Investment Management LLC lifted its stake in MACOM Technology Solutions by 6.1% in the 4th quarter. GW&K Investment Management LLC now owns 1,217,935 shares of the semiconductor company’s stock worth $208,609,000 after acquiring an additional 70,167 shares in the last quarter. Janus Henderson Group PLC lifted its stake in 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 worth $174,109,000 after acquiring an additional 105,032 shares in the last quarter. Jupiter Topco LLC acquired a new stake in MACOM Technology Solutions during the 2nd quarter worth about $256,612,000. Finally, Bank of America Corp DE acquired a new stake in MACOM Technology Solutions during the 2nd quarter worth about $247,732,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Trading Up 6.6%

Shares of MTSI stock opened at $321.60 on Friday. The stock has a 50-day simple moving average of $275.50 and a 200 day simple moving average of $299.74. MACOM Technology Solutions has a fifty-two week low of $121.97 and a fifty-two week high of $418.90. The stock has a market capitalization of $24.56 billion, a P/E ratio of 103.41, a P/E/G ratio of 1.03 and a beta of 1.77. The company has a quick ratio of 1.78, a current ratio of 2.34 and a debt-to-equity ratio of 0.04.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The firm had revenue of $342.24 million for the quarter, compared to analyst estimates of $336.08 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%.MACOM Technology Solutions’s revenue was up 35.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. On average, sell-side analysts expect that MACOM Technology Solutions will post 4.26 earnings per share for the current fiscal year.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc (NASDAQ: MTSI) is a semiconductor company that designs and manufactures high-performance products for telecommunications, data center, industrial, aerospace and defense applications. Its technologies support the generation, transmission, reception and processing of high-frequency signals across radio frequency, microwave, millimeter-wave and optical systems.

The company’s product portfolio includes amplifiers, switches, diodes, mixers, modulators, filters, integrated circuits and other components used in wireless infrastructure, optical networks, satellite communications, radar, electronic warfare and test and measurement equipment.