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MACOM Technology Solutions Holdings (MTSI) Receives a Rating Update from a Top Analyst

Tipranks - Thu Jun 4, 8:44AM CDT

Evercore ISI analyst Mark Lipacis maintained a Buy rating on MACOM Technology Solutions Holdings today and set a price target of $427.00.

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Lipacis covers the Technology sector, focusing on stocks such as Marvell, MACOM Technology Solutions Holdings, and ARM Holdings PLC ADR. According to TipRanks, Lipacis has an average return of 47.7% and a 74.84% success rate on recommended stocks.

Currently, the analyst consensus on MACOM Technology Solutions Holdings is a Strong Buy with an average price target of $388.23.

Based on MACOM Technology Solutions Holdings’ latest earnings release for the quarter ending April 3, the company reported a quarterly revenue of $288.96 million and a net profit of $46.33 million. In comparison, last year the company earned a revenue of $235.89 million and had a net profit of $31.67 million

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTSI in relation to earlier this year. Last month, Peter Chung, a Director at MTSI sold 43,268.00 shares for a total of $16,363,524.92.

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