Analyst Sean O’Loughlin from TD Cowen reiterated a Buy rating on MACOM Technology Solutions Holdings and increased the price target to $190.00 from $150.00.
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Sean O’Loughlin has given his Buy rating due to a combination of factors that highlight MACOM Technology Solutions Holdings’ strong performance and strategic positioning. The company has delivered results that surpassed market expectations, with a positive outlook for future growth across its key sectors: Defense, Telecommunications, and Datacenter. Management’s optimistic projections for fiscal year 2026, particularly in terms of mid-teens revenue growth, have reinforced confidence in the company’s trajectory.
Additionally, MACOM’s strategic acquisition of a technology license for the T3L GaN-on-SiC process is seen as a perfect fit for its expanding capabilities in the GaN market, particularly within Defense and Telecom. This acquisition, along with MACOM’s existing GaN portfolio, positions the company to capitalize on niche markets with technological differentiation. The anticipated growth in MACOM’s Defense-related GaN business, which has already shown significant year-over-year increases, further supports the Buy rating as it promises steady and margin-enhancing growth.
In another report released yesterday, Needham also maintained a Buy rating on the stock with a $175.00 price target.
Based on the recent corporate insider activity of 100 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.