JPMorgan Chase & Co. Has Lowered Expectations for MACOM Technology Solutions (NASDAQ:MTSI) Stock Price

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $345.00 to $280.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 32.71% from the company’s current price.

A number of other research analysts have also weighed in on MTSI. Benchmark assumed coverage on shares of MACOM Technology Solutions in a research report on Thursday, August 13th. They set a “buy” rating and a $375.00 target price for the company. Truist Financial dropped their price objective on MACOM Technology Solutions from $375.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday. Wall Street Zen raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. BMO Capital Markets upgraded 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. Finally, Susquehanna lowered their target price on MACOM Technology Solutions from $300.00 to $220.00 and set a “neutral” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $316.25.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $210.98 on Friday. MACOM Technology Solutions has a 12 month low of $150.80 and a 12 month high of $418.90. The company has a market cap 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. The company has a quick ratio of 1.99, a current ratio of 2.53 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $270.93 and its two-hundred day moving average is $282.81.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.09. The business had revenue of $424.82 million during the quarter, compared to analysts’ expectations of $420.35 million. MACOM Technology Solutions had a net margin of 25.25% and a return on equity of 22.46%. MACOM Technology Solutions’s revenue for the quarter was up 62.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. Equities analysts predict that MACOM Technology Solutions will post 7.09 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In related news, COO Robert Dennehy sold 252 shares of the company’s 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 directly owned 12,758 shares in the company, valued at approximately $3,511,001.60. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 1,027 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $236.60, for a total value of $242,988.20. Following the completion of the transaction, the chief financial officer directly owned 34,405 shares of the company’s stock, valued at approximately $8,140,223. This trade represents a 2.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 9,321 shares of company stock valued at $2,917,644. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bell Investment Advisors Inc acquired a new position in MACOM Technology Solutions during the 2nd quarter valued at about $49,000. Burkett Financial Services LLC acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth approximately $38,000. Mather Group LLC. grew its position in shares of MACOM Technology Solutions by 41.0% during the 3rd quarter. Mather Group LLC. now owns 141 shares of the semiconductor company’s stock worth $40,000 after buying an additional 41 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in shares of MACOM Technology Solutions during the second quarter worth approximately $58,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of MACOM Technology Solutions during the second quarter worth approximately $67,000. Institutional investors own 76.14% of the company’s stock.

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.