Checking in on MACOM Technology Solutions Holdings Inc. (MTSI) after recent insiders movement

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MACOM Technology Solutions Holdings Inc.’s recently made public that its SVP, Operations Dennehy Robert unloaded Company’s shares for reported $0.39 million on Nov 02. In the deal valued at $59.90 per share,6,500 shares were sold. As a result of this transaction, Dennehy Robert now holds 80,516 shares worth roughly $ 5.2 million.

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Then, Daly Stephen G sold 100 shares, generating $5,872 in total proceeds. Upon selling the shares at $58.72, the President and CEO now owns 291,579 shares.

Before that, Roth Ambra R. sold 5,992 shares. MACOM Technology Solutions Holdings Inc. shares valued at $351,850 were divested by the SVP, GC, HR & Secretary at a price of $58.72 per share. As a result of the transaction, Roth Ambra R. now holds 16,013 shares, worth roughly $1.03 million.

Jefferies upgraded its MACOM Technology Solutions Holdings Inc. [MTSI] rating to a Buy from a a Hold in a research note published on Friday. PT values the company’s stock at a premium of -0.92 to its Friday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who remained covering the stock and in early January has reiterated a ‘”a Buy”‘ rating for it. Cowen maintained its rating on June 18, 2021. It rated MTSI as “an Outperform”.

Price Performance Review of MTSI

On Friday, MACOM Technology Solutions Holdings Inc. [NASDAQ:MTSI] saw its stock jump 7.19% to $64.59. On the same session, the stock had its day’s lowest price of $61.80, but rose to a high of $66.10. Over the last five days, the stock has gained 10.02%. MACOM Technology Solutions Holdings Inc. shares have fallen nearly -17.51% since the year began. Nevertheless, the stocks have fallen -13.33% over the past one year. While a 52-week high of $80.30 was reached on 01/04/22, a 52-week low of $42.85 was recorded on 07/05/22. SMA at 50 days reached $55.09, while 200 days put it at $55.11. A total of 1.17 million shares were traded, compared to the trading of 0.54 million shares in the previous session.

Levels Of Support And Resistance For MTSI Stock

The 24-hour chart illustrates a support level at 62.23, which if violated will result in even more drops to 59.86. On the upside, there is a resistance level at 66.53. A further resistance level may holdings at 68.46. The Relative Strength Index (RSI) on the 14-day chart is 69.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.21%. Stochastics %K at 81.54% indicates the stock is a selling.

How much short interest is there in MACOM Technology Solutions Holdings Inc.?

A steep rise in short interest was recorded in MACOM Technology Solutions Holdings Inc. stocks on Jul 14, 2022, growing by 0.55 million shares to a total of 2.8 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.25 million shares. There was a rise of 19.64%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.63.

MACOM Technology Solutions Holdings Inc. [MTSI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 4,673,173 shares, or roughly 6.68% of the outstanding MTSI shares. In other words, the investor’s shares have risen by 91,657 from its previous 13-F filing of 4581516.0. Additionally, AllianceBernstein LP increased 0.33% of its stake after which the total value it holdings stand at $190,162,626, while Fidelity Management & Research Co added 7.86% of its stake to hold $172.34 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 98,566 shares of MACOM Technology Solutions Holdings Inc., while Victory Capital Management, Inc. bought -204,017 shares. At present, SSgA Funds Management, Inc. is holding 1,544,600 shares valued at $79.99 million. Capital Research & Management Co owned 1,330,000 shares of the company at the time of its most recent 13F filing, worth $68.88 million.

According to FactSet, MACOM Technology Solutions Holdings Inc.’s share price will average $69.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.16 percent from its previous closing price of $60.26. Analysts expect MACOM Technology Solutions Holdings Inc. stock to reach the higher price of $75.00, while the lowest price estimate is $65.00. However, 11 analysts have rated MTSI stock as an Overweight in their predictions for 2022.


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