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Vanguard Group Inc. Acquires 465,759 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)


Vanguard Group Inc. has increased its stake in MACOM Technology Solutions Holdings, Inc. by 8.1% in the 1st quarter, owning about 8.59% of the company’s stock. Other hedge funds and institutional investors have also shown interest in the semiconductor company. Wall Street analysts have forecasted significant growth for MACOM Technology Solutions, with several firms giving the stock a “buy” rating and setting price targets above $100.

In their latest quarterly earnings report, MACOM Technology Solutions fell short of the consensus estimate, reporting $0.40 EPS. However, the company’s return on equity and net margin remain strong. Insider transactions have also been notable, with a director and the CFO selling significant amounts of stock in May.

MACOM Technology Solutions designs and manufactures analog semiconductor solutions for wireless and wireline applications. With a market capitalization of $7.05 billion, the company is positioned for continued growth in the rapidly evolving technology sector. The stock has a 52-week high of $118.76 and a consensus price target of $113.00.

Overall, MACOM Technology Solutions is attracting attention from both institutional investors and Wall Street analysts, indicating confidence in the company’s future prospects. Investors are encouraged to keep an eye on developments within the company as it navigates the competitive semiconductor industry.

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