MACOM Technology Solutions (NASDAQ:MTSI) Stock Gets Price Target Cut from JPMorgan Chase & Co.

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

A number of other brokerages also recently issued reports on MTSI. Benchmark began coverage on shares of MACOM Technology Solutions in a research report on Thursday, August 13th. They issued a “buy” rating and a $375.00 price objective on the stock. Stifel Nicolaus set a $360.00 target price on shares of MACOM Technology Solutions in a research report on Thursday. Weiss Ratings downgraded shares of MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Needham & Company LLC lowered their target price on shares of MACOM Technology Solutions from $410.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wall Street Zen raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $316.25.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $210.98 on Friday. MACOM Technology Solutions has a 1-year low of $150.80 and a 1-year high of $418.90. The stock’s 50-day moving average is $270.93 and its 200 day moving average is $282.81. The company has a market cap of $16.11 billion, a P/E ratio of 49.07, a PEG ratio of 0.79 and a beta of 1.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.53 and a quick ratio of 1.99.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its 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. The company had revenue of $424.82 million for the quarter, compared to analyst estimates of $420.35 million. MACOM Technology Solutions had a return on equity of 22.46% and a net margin of 25.25%. The firm’s quarterly revenue was up 62.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. Research analysts predict that MACOM Technology Solutions will post 7.09 earnings per share for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, COO Robert Dennehy sold 252 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer owned 12,758 shares of the company’s stock, valued at approximately $3,511,001.60. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ambra Roth sold 653 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $300.00, for a total value of $195,900.00. Following the sale, the senior vice president owned 9,184 shares in the company, valued at $2,755,200. The trade was a 6.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 9,321 shares of company stock worth $2,917,644. 0.36% of the stock is owned by insiders.

Institutional Trading of MACOM Technology Solutions

Institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in MACOM Technology Solutions by 41.7% in the 1st quarter. Principal Financial Group Inc. now owns 195,148 shares of the semiconductor company’s stock worth $43,337,000 after purchasing an additional 57,474 shares during the period. Fifth Third Bancorp boosted its position in MACOM Technology Solutions by 2,385.6% during the first quarter. Fifth Third Bancorp now owns 18,468 shares of the semiconductor company’s stock worth $4,101,000 after purchasing an additional 17,725 shares in the last quarter. Janus Henderson Group PLC boosted its position in MACOM Technology Solutions by 15.5% during the first quarter. Janus Henderson Group PLC now owns 784,118 shares of the semiconductor company’s stock worth $174,109,000 after purchasing an additional 105,032 shares in the last quarter. E20 Capital Ltd purchased a new position in MACOM Technology Solutions during the first quarter worth approximately $30,386,000. Finally, Corient Private Wealth LP grew its holdings in MACOM Technology Solutions by 179.6% in the second quarter. Corient Private Wealth LP now owns 11,289 shares of the semiconductor company’s stock valued at $4,294,000 after purchasing an additional 7,251 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

About MACOM Technology Solutions

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.