On September 18, MACOM Technology Solutions Holdings, Inc. rose 5.04% in regular trading, trading at $276.34/share, with turnover of $141 million. The rally was primarily driven by BMO Capital upgrading the stock from Market Perform to Outperform, setting a price target of $335. According to analyst consensus compiled by FactSet, the company currently holds an average overweight rating with a mean price target of $395.33.

The upgrade follows a series of positive developments. On September 17, MACOM officially launched its new 3.2T front-end chipset solution designed to power optical interconnect technology in AI infrastructure, cloud data centers, and high-speed networking applications. As AI large models and cloud computing drive exponential growth in data transmission bandwidth demands, the chipset aims to streamline optical module development and shorten time-to-market for next-generation high-speed optical network architectures. Benchmark had also previously resumed coverage with a Buy rating and a $375 target price.

Fundamentally, the company reported fiscal Q3 adjusted EPS of $1.40, beating the $1.35 estimate, with revenue of $342.24 million surpassing the $335.39 million consensus, representing approximately 33% year-over-year growth.

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