MACOM Technology Solutions (NASDAQ:MTSI) Stock Price Target Lowered at JPMorgan Chase & Co.

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from $345.00 to $280.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently 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 previous close.

A number of other brokerages also recently commented on MTSI. Raymond James Financial upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $300.00 price objective for the company in a research report on Tuesday, October 27th. Weiss Ratings cut MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Zacks Research raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Stifel Nicolaus set a $360.00 target price on MACOM Technology Solutions in a research note on Thursday. Finally, Needham & Company LLC reduced their price target on MACOM Technology Solutions from $410.00 to $300.00 and set a “buy” rating for the company in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average price target of $316.25.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $210.98 on Friday. The stock has a market capitalization of $16.11 billion, a P/E ratio of 49.07, a P/E/G ratio of 0.79 and a beta of 1.82. 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 has a 1 year low of $150.80 and a 1 year high of $418.90. The company’s fifty day moving average is $270.93 and its two-hundred day moving average is $282.81.

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

Insider Buying and Selling

In other MACOM Technology Solutions news, CFO John Kober sold 1,027 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $236.60, for a total transaction of $242,988.20. Following the transaction, the chief financial officer directly owned 34,405 shares in the company, valued at approximately $8,140,223. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a 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, COO Robert Dennehy sold 252 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $275.20, for a total transaction of $69,350.40. Following the completion of the transaction, the chief operating officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 9,321 shares of company stock valued at $2,917,644. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC raised its stake 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 during the period. Jupiter Topco LLC acquired a new position in MACOM Technology Solutions during the second quarter valued at approximately $256,612,000. Bank of America Corp DE acquired a new position in MACOM Technology Solutions during the second quarter valued at approximately $247,732,000. Bank of New York Mellon Corp acquired a new position in MACOM Technology Solutions during the second quarter valued at approximately $204,593,000. Finally, Allspring Global Investments Holdings LLC grew its stake in MACOM Technology Solutions by 22.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 444,130 shares of the semiconductor company’s stock worth $133,963,000 after buying an additional 82,068 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.