Truist Securities analyst William Stein has initiated coverage on MACOM Technology Solutions Holdings with a Buy rating and a price target of $125. MACOM Technology is a leading supplier of radio frequency components, serving defense, industrial, data center, and telco markets. The company has seen strong financial metrics due to recent acquisitions, including revenue growth, EPS, and ROIC. Stein expects future growth driven by AI-linked optical components, components for LEO commercial satellites, and GaN-on-SiC semiconductor technology. He predicts a 12% medium-term growth rate for the company. Despite challenges from tariffs, Stein believes MACOM Technology will continue to perform well, with a projected revenue of $1.06 billion and EPS of $4.46 by calendar 2026. The company historically trades at a premium to its peers, suggesting a 28 times P/E ratio. MTSI stock was up 0.15% at $99.42 at the time of publication. Investors and industry experts are optimistic about MACOM Technology’s future prospects and growth potential in the RF component market.
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