MACOM Technology Solutions (NASDAQ:MTSI) Given New $280.00 Price Target at JPMorgan Chase & Co.

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective cut by JPMorgan Chase & Co. from $345.00 to $280.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

Other analysts have also issued reports about the company. Zacks Research raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Needham & Company LLC lowered their target price on MACOM Technology Solutions from $410.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday. Truist Financial dropped their target price on shares of MACOM Technology Solutions from $375.00 to $310.00 and set a “buy” rating for the company in a report on Friday. BMO Capital Markets upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price target on the stock in a research note on Friday, September 18th. Finally, Weiss Ratings lowered shares of MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.25.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $210.98 on Friday. The stock’s fifty day moving average price is $270.93 and its two-hundred day moving average price is $282.81. The company has a market cap of $16.11 billion, a PE ratio of 49.07, a P/E/G ratio of 0.79 and a beta of 1.82. MACOM Technology Solutions has a fifty-two week low of $150.80 and a fifty-two week high of $418.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.99 and a current ratio of 2.53.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $420.35 million. During the same quarter last year, the company posted $0.94 EPS. The company’s revenue for the quarter was up 62.6% compared to the same quarter last year. 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 fiscal year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, CFO John Kober sold 1,027 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $236.60, for a total transaction of $242,988.20. Following the sale, the chief financial officer directly owned 34,405 shares of the company’s stock, valued at $8,140,223. The trade was a 2.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, SVP Ambra Roth sold 653 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $300.00, for a total transaction of $195,900.00. Following the completion of the transaction, the senior vice president owned 9,184 shares of the company’s stock, valued at approximately $2,755,200. This trade represents a 6.64% 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. Insiders have sold 9,321 shares of company stock valued at $2,917,644 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in shares of MACOM Technology Solutions by 4.4% during the 3rd quarter. Allworth Financial LP now owns 6,298 shares of the semiconductor company’s stock worth $1,794,000 after buying an additional 263 shares in the last quarter. Eurizon Capital SGR S.p.A. increased its stake in shares of MACOM Technology Solutions by 33.6% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 1,332 shares of the semiconductor company’s stock valued at $379,000 after acquiring an additional 335 shares in the last quarter. Andar Capital Management HK Ltd bought a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at $9,969,000. Fifth Third Bancorp lifted its position in shares of MACOM Technology Solutions by 87.7% during the 3rd quarter. Fifth Third Bancorp now owns 34,214 shares of the semiconductor company’s stock valued at $9,745,000 after acquiring an additional 15,987 shares during the period. Finally, New Mexico Educational Retirement Board lifted its position in shares of MACOM Technology Solutions by 10.6% during the 3rd quarter. New Mexico Educational Retirement Board now owns 14,600 shares of the semiconductor company’s stock valued at $4,158,000 after acquiring an additional 1,400 shares during the period. 76.14% of the stock is currently 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.