TD Cowen Initiates Coverage of MACOM Technology Solutions with Buy Rating

Investment firm TD Cowen has initiated coverage of MACOM Technology Solutions (NASDAQ: MTSI) with a buy rating and a price target of $150.00, according to a research note released on Wednesday. This move comes as part of a wider trend among analysts who are optimistic about the semiconductor company’s potential.

Several other firms have also provided favorable assessments of MACOM’s stock. On July 20, Wall Street Zen upgraded MACOM from a “hold” rating to a “buy” rating. Truist Financial followed suit on July 7, raising its price target from $136.00 to $154.00 while maintaining a “buy” rating. In a similar vein, Stifel Nicolaus increased its price objective from $140.00 to $155.00 and affirmed a “buy” rating on July 18. Additionally, Bank of America lifted its target from $140.00 to $160.00 with a “buy” rating on June 24. Meanwhile, Zacks Research upgraded the company from a “strong sell” to a “hold” rating on August 20.

Overall, analysts demonstrate a positive outlook on the stock, with one rating it as a Strong Buy, eight issuing Buy ratings, two providing Hold ratings, and one recommending a Sell. According to data from MarketBeat.com, the average rating for MACOM Technology Solutions stands at “Moderate Buy,” with a consensus price target of $146.56.

Recent Financial Performance

MACOM Technology Solutions recently announced its quarterly earnings, reporting $0.90 earnings per share for the quarter ending August 7, exceeding analysts’ expectations of $0.89. The company achieved a revenue of $252.08 million, surpassing the anticipated $249.89 million. This marks a significant year-over-year revenue increase of 32.3%, compared to $0.66 earnings per share from the same quarter last year.

Looking ahead, MACOM has projected its earnings for the fourth quarter of 2025 to be between $0.910 and $0.950 per share. Sell-side analysts estimate that the company will post earnings per share of $2.43 for the current fiscal year.

Insider Activity and Institutional Trading

In other developments, Jihye Whang Rosenband, a director at MACOM, sold 800 shares on August 21 at an average price of $123.81, totaling approximately $99,048.00. Following this transaction, Rosenband retains 7,189 shares valued at about $890,070.09, reflecting a 10.01% decrease in personal holdings.

On September 18, major shareholder Susan Ocampo sold 150,000 shares at an average price of $133.09, amounting to nearly $19.96 million. Post-sale, Ocampo holds approximately 3,372,186 shares, valued at around $448.8 million, representing a 4.26% decrease in her ownership.

Over the last quarter, insiders have sold a total of 753,235 shares valued at approximately $99.77 million, with corporate insiders owning 16.30% of the stock.

Recent trading activity has also seen large institutional investors increasing their stakes in MACOM. For instance, Hantz Financial Services Inc. expanded its holdings by 174.0% during the second quarter, now owning 211 shares valued at $30,000. Other firms like Opal Wealth Advisors LLC and Versant Capital Management Inc. have also made new investments, contributing to institutional ownership, which currently stands at 76.14%.

Company Overview

MACOM Technology Solutions Holdings, Inc. designs and manufactures analog semiconductor solutions for applications in both wireless and wireline sectors. The company’s products span across various frequencies, including radio frequency (RF), microwave, millimeter wave, and lightwave spectrum. MACOM operates globally, with a presence in countries including the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, and Thailand.

As MACOM continues to gain positive attention from analysts and investors alike, its future performance will be closely monitored in the ever-evolving semiconductor industry.