** Brokerage Truist starts coverage on MACOM Technology Solutions MTSI.O with "buy" rating and $125 PT
** Brokerage says MTSI is a leading company in the radio frequency $(RF)$ segment of the semiconductor industry, which is growing at 5% per year
** Brokerage believes MTSI has several growth opportunities on the horizon, including a 27% growth rate in AI and data center communications, a 68% growth rate in low-earth orbit commercial satellites, and an 18% growth rate in extending its GaN-on-SiC semiconductor technology into new markets
** The impact of tariffs is expected to be moderate due to MTSI's geographic revenue and manufacturing split - Truist
** 11 out of 15 brokerages rate the stock "buy" or higher, 4 rate "hold" and median PT is $150 as per data compiled by LSEG
** Including session's moves, MIST stock down 26.4% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.