MACOM Technology Solutions Holdings Inc (MTSI) receives a Neutral rating from Piper Sandler

MACOM Technology Solutions Holdings Inc’s recent filing unveils that its Director OCAMPO SUSAN unloaded Company’s shares for reported $16.48 million on Feb 08. In the deal valued at $82.39 per share,200,000 shares were sold. As a result of this transaction, OCAMPO SUSAN now holds 7,645,668 shares worth roughly $639.25 million.

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Then, OCAMPO SUSAN sold 200,000 shares, generating $16,158,542 in total proceeds. Upon selling the shares at $80.79, the Director now owns 7,845,668 shares.

Before that, OCAMPO SUSAN sold 65,993 shares. MACOM Technology Solutions Holdings Inc shares valued at $5,280,100 were divested by the Director at a price of $80.01 per share. As a result of the transaction, OCAMPO SUSAN now holds 8,045,668 shares, worth roughly $672.7 million.

Piper Sandler downgraded its MACOM Technology Solutions Holdings Inc [MTSI] rating to a Neutral from a an Overweight in a research note published recently.

Price Performance Review of MTSI

On Friday, MACOM Technology Solutions Holdings Inc [NASDAQ:MTSI] saw its stock jump 1.41% to $83.61. Over the last five days, the stock has gained 4.17%. MACOM Technology Solutions Holdings Inc shares have fallen nearly -10.05% since the year began. Nevertheless, the stocks have risen 24.05% over the past one year. While a 52-week high of $96.09 was reached on 01/23/24, a 52-week low of $48.53 was recorded on 02/06/24. SMA at 50 days reached $87.46, while 200 days put it at $74.84. A total of 0.8 million shares were traded, compared to the trading of 0.67 million shares in the previous session.

Levels Of Support And Resistance For MTSI Stock

The 24-hour chart illustrates a support level at 82.47, which if violated will result in even more drops to 81.32. On the upside, there is a resistance level at 84.22. A further resistance level may holdings at 84.83. The Relative Strength Index (RSI) on the 14-day chart is 45.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.14%. Stochastics %K at 21.54% indicates the stock is a holding.

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 Jan 31, 2024, dropping by -0.16 million shares to a total of 2.74 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 2.9 million shares. There was a decline of -5.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.92% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.92.

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