MACOM Technology Solutions (NASDAQ:MTSI) Issues Q1 Earnings Guidance

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.75-0.81 for the period, compared to the consensus EPS estimate of $0.75. The company issued revenue guidance of $212-218 million, compared to the consensus revenue estimate of $204.54 million. MACOM Technology Solutions also updated its Q1 2025 guidance to 0.750-0.810 EPS.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Benchmark reiterated a "buy" rating and set a $120.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Stifel Nicolaus lifted their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Barclays raised their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Needham & Company LLC upped their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Finally, Piper Sandler upped their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $120.00.

MACOM Technology Solutions Stock Up 13.2 %

MTSI stock traded up $16.14 on Thursday, hitting $138.06. 886,453 shares of the company's stock were exchanged, compared to its average volume of 566,268. The firm has a 50 day moving average price of $109.42 and a two-hundred day moving average price of $106.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. MACOM Technology Solutions has a 12-month low of $72.15 and a 12-month high of $140.00. The stock has a market cap of $9.97 billion, a P/E ratio of 136.32, a price-to-earnings-growth ratio of 4.33 and a beta of 1.69.

Insider Activity

In related news, SVP Robert Dennehy sold 6,683 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total value of $713,610.74. Following the completion of the sale, the senior vice president now directly owns 26,396 shares in the company, valued at $2,818,564.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Donghyun Thomas Hwang sold 4,375 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total value of $457,493.75. Following the sale, the senior vice president now directly owns 37,148 shares of the company's stock, valued at $3,884,566.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert Dennehy sold 6,683 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total transaction of $713,610.74. Following the transaction, the senior vice president now owns 26,396 shares of the company's stock, valued at $2,818,564.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 669,396 shares of company stock worth $71,106,808 over the last 90 days. 22.75% of the stock is currently owned by corporate insiders.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.