MACOM Technology Solutions (NASDAQ:MTSI) Stock Rating Upgraded by Zacks Research

MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Needham & Company LLC lifted their target price on shares of MACOM Technology Solutions from $250.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of MACOM Technology Solutions from $240.00 to $345.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Stifel Nicolaus lifted their target price on shares of MACOM Technology Solutions from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of MACOM Technology Solutions in a research note on Friday, May 8th. Finally, Bank of America lifted their price target on shares of MACOM Technology Solutions from $260.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $316.82.

MACOM Technology Solutions Trading Up 5.2%

NASDAQ:MTSI opened at $381.55 on Tuesday. The company has a 50-day moving average price of $258.27 and a 200-day moving average price of $216.14. MACOM Technology Solutions has a 12 month low of $118.16 and a 12 month high of $384.58. The company has a current ratio of 7.52, a quick ratio of 5.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $29.11 billion, a price-to-earnings ratio of 165.17, a P/E/G ratio of 3.32 and a beta of 1.60.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. MACOM Technology Solutions had a net margin of 16.46% and a return on equity of 16.01%. The company had revenue of $288.96 million during the quarter, compared to analysts’ expectations of $285.20 million. During the same period last year, the company posted $0.85 EPS. MACOM Technology Solutions’s revenue was up 22.5% on a year-over-year basis. MACOM Technology Solutions has set its Q3 2026 guidance at 1.310-1.370 EPS. Equities analysts predict that MACOM Technology Solutions will post 3.3 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In other news, COO Robert Dennehy sold 18,398 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $245.25, for a total value of $4,512,109.50. Following the completion of the sale, the chief operating officer directly owned 12,864 shares in the company, valued at $3,154,896. The trade was a 58.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Geoffrey G. Ribar sold 1,623 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $361.84, for a total transaction of $587,266.32. Following the sale, the director owned 12,563 shares of the company’s stock, valued at $4,545,795.92. This trade represents a 11.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 495,353 shares of company stock valued at $124,281,055. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds have recently modified their holdings of the company. Whale Rock Capital Management LLC purchased a new position in shares of MACOM Technology Solutions in the fourth quarter valued at about $134,164,000. Wellington Management Group LLP boosted its position in shares of MACOM Technology Solutions by 180.6% during the third quarter. Wellington Management Group LLP now owns 986,438 shares of the semiconductor company’s stock worth $122,802,000 after acquiring an additional 634,903 shares during the last quarter. Bessemer Group Inc. raised its stake in MACOM Technology Solutions by 170,782.0% during the fourth quarter. Bessemer Group Inc. now owns 569,037 shares of the semiconductor company’s stock valued at $97,465,000 after purchasing an additional 568,704 shares in the last quarter. Norges Bank purchased a new stake in MACOM Technology Solutions during the fourth quarter valued at $97,397,000. Finally, Rafferty Asset Management LLC purchased a new stake in MACOM Technology Solutions during the third quarter valued at $67,486,000. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.