MACOM Technology Solutions (NASDAQ:MTSI) Upgraded at Zacks Research

MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Truist Financial increased their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Barclays increased their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Benchmark reaffirmed a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Finally, Bank of America raised their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.13.

MACOM Technology Solutions Stock Up 2.0%

Shares of MACOM Technology Solutions stock opened at $123.58 on Wednesday. The stock has a 50-day moving average price of $134.83 and a 200 day moving average price of $120.39. The company has a market cap of $9.20 billion, a P/E ratio of -122.36, a P/E/G ratio of 2.30 and a beta of 1.38. The company has a current ratio of 3.83, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. MACOM Technology Solutions has a 1 year low of $84.00 and a 1 year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $252.08 million during the quarter, compared to the consensus estimate of $249.89 million. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%.The business’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, analysts expect that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $137.40, for a total transaction of $687,000.00. Following the transaction, the senior vice president owned 30,779 shares of the company’s stock, valued at approximately $4,229,034.60. This represents a 13.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert Dennehy sold 5,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total value of $702,100.00. Following the transaction, the senior vice president directly owned 15,680 shares in the company, valued at approximately $2,201,785.60. This represents a 24.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,669 shares of company stock worth $5,092,012. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MTSI. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the 1st quarter valued at about $25,000. Elequin Capital LP acquired a new position in shares of MACOM Technology Solutions during the 4th quarter valued at about $26,000. Versant Capital Management Inc grew its holdings in MACOM Technology Solutions by 9,400.0% in the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 282 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in MACOM Technology Solutions by 174.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 211 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 134 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in MACOM Technology Solutions in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.