MACOM Technology Solutions Receives Positive Analyst Ratings with $169 Price Target

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) has garnered a consensus rating of “Moderate Buy” from twelve research firms, according to Marketbeat.com. The analysts’ outlook reflects a mix of recommendations, with one firm advising a sell, one advocating for a hold, nine suggesting a buy, and one issuing a strong buy rating. The average twelve-month price target stands at approximately $169.44.

Analysts have recently updated their assessments of MACOM Technology Solutions. Notably, Zacks Research upgraded the company from a “strong sell” to a “hold” rating on August 20, 2023. On November 7, 2023, Benchmark raised its price target from $160.00 to $190.00, maintaining a buy rating. That same day, Barclays increased its target from $150.00 to $200.00, designating the stock as “overweight.” Additionally, TD Cowen also augmented its price goal from $150.00 to $190.00, reaffirming a buy recommendation.

Institutional Investments and Stock Performance

Recent activity among institutional investors indicates growing interest in MACOM Technology Solutions. Avantax Advisory Services Inc. increased its stake by 22.5%, acquiring an additional 395 shares during the first quarter. The firm now holds 2,154 shares valued at approximately $216,000. Similarly, Zurcher Kantonalbank Zurich Cantonalbank raised its position by 6.3%, resulting in a total of 16,493 shares worth around $1.66 million.

Federated Hermes Inc. boosted its stake by 25.8%, now owning 6,839 shares valued at $686,000. Bayforest Capital Ltd significantly increased its holdings by 79.0%, bringing its total to 2,302 shares with a value of $231,000. Natixis Advisors LLC also raised its stake by 18.5%, now owning 33,469 shares worth approximately $3.36 million. Overall, institutional investors currently hold 76.14% of the company’s stock.

On November 6, 2023, MACOM Technology Solutions reported its quarterly earnings, revealing earnings per share (EPS) of $0.94. This figure surpassed analysts’ expectations of $0.93 by $0.01. The company’s revenue for the quarter reached $261.17 million, slightly above the anticipated $260.16 million. This marks a 3.6% increase in revenue compared to the same quarter last year, during which the firm reported an EPS of $0.73.

Outlook and Future Guidance

Looking ahead, MACOM Technology Solutions has guided for Q1 2026, projecting an EPS between $0.980 and $1.020. Analysts forecast that the company will achieve an EPS of $2.43 for the current year.

MACOM Technology Solutions specializes in designing and manufacturing analog semiconductor solutions utilized in various applications, including wireless and wireline sectors across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum. The company operates not only in the United States but also in key markets such as China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, and Thailand.

With a market capitalization of $13.33 billion and a current share price of $177.91, the company exhibits strong potential for growth, buoyed by positive analyst ratings and robust institutional support.