Stifel Defends MACOM Technology Solutions (MTSI)

April 29, 2021 1:19 PM EDT
Get Alerts MTSI Hot Sheet
Price: $63.34 -0.72%

Rating Summary:
    9 Buy, 6 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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Stifel analyst Tore Svanberg came out to defend MACOM Technology Solutions (NASDAQ: MTSI), telling clients to buy today's weakness given that strong profitability drove NG EPS beat/raise on in-line Mar Q sales & Jun Q outlook.

Svanberg notes the stock is down ~7% intraday on overreaction to 3 reasons: (1) $5mn pushout due to capacity constraints (but can recapture in 2H CY21); (2) China 5G tenders delayed a few months (but Telecom can still see slight q/q gth. in Jun Q, underscoring diversification; and (3) a flattening of 100G run-rates (but expected on transition to 400G, w/ MTSI well-positioned w/ differentiated “combo” chips.

reiterated a Buy rating and $78.00 price target on

For an analyst ratings summary and ratings history on MACOM Technology Solutions click here. For more ratings news on MACOM Technology Solutions click here.

Shares of MACOM Technology Solutions closed at $61.63 yesterday.

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