Northland Securities Remains a Buy on MACOM Technology Solutions Holdings Inc (MTSI)

By Carrie Williams

In a report released today, Tim Savageaux from Northland Securities maintained a Buy rating on MACOM Technology Solutions Holdings Inc (MTSIResearch Report), with a price target of $25. The company’s shares closed yesterday at $16.16.

Savageaux noted:

“We are reflecting these views in more conservative estimates for the balance of FY19, including seq declines in June and a more modest recovery in FQ4. We also initiate what we view as a conservative take on FY20, essentially including only a solid but still modest relative to the opportunity GaN on Si ramp and modest recovery across the rest of the business, with earnings power still well below the 2017 peak of $2.32 per share.”

According to, Savageaux is a 4-star analyst with an average return of 7.7% and a 57.7% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as DASAN Zhone Solutions Inc, Acacia Communications, and Luna Innovations Inc.

MACOM Technology Solutions Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $19.33.

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Based on MACOM Technology Solutions Holdings Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $23.4 million. In comparison, last year the company had a GAAP net loss of $15.48 million.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Charles Bland, a Director at MTSI bought 10,500 shares for a total of $21,000.

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MACOM Technology Solutions Holdings, Inc. engages in the design, development, manufacture and market of semiconductors and modules. It products include integrated circuits (IC), multi-chip modules (MCM), power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.