Macom Technology Solutions Is Poised For AI-Driven Revenue Growth: Analyst

Quick Summary:

The Analyst: Analyst Tim Savageaux upgraded the rating for Macom Technology Solutions from Market Perform to Outperform, while raising the price target to $140.

Shares of Macom Technology Solutions Holdings Inc (NASDAQ:MTSI) came under pressure, despite in-line fiscal first-quarter results and outlook.

Rival Semtech Corp (NASDAQ:SMTC) disclosed lower IC (integrated circuit) sales into Active Copper Cables, according to Northland Capital Partners.

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Article Details

Author / Journalist: Priya Nigam

Category: Technology

Markets: United StatesChina

Topics: US8168501018 Tim Savageaux Benzinga Stories That Matter Top Stories Tech SMTC Topics Northland Capital Partners MTSI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-10 @ 15:16:07 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 257 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26033391

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 19 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #53

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