MACOM Technology Solutions Holdings Inc [MTSI] stock was sold by OCAMPO SUSAN at the price of US$3.01 million

MACOM Technology Solutions Holdings Inc’s recently made public that its Director OCAMPO SUSAN unloaded Company’s shares for reported $3.01 million on Feb 29 ’24. In the deal valued at $88.00 per share,34,186 shares were sold. As a result of this transaction, OCAMPO SUSAN now holds 6,886,661 shares worth roughly $642.25 million.

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Then, OCAMPO SUSAN sold 4,370 shares, generating $384,691 in total proceeds. Upon selling the shares at $88.03, the Director now owns 6,920,847 shares.

Before that, OCAMPO SUSAN sold 20,733 shares. MACOM Technology Solutions Holdings Inc shares valued at $1,824,504 were divested by the Director at a price of $88.00 per share. As a result of the transaction, OCAMPO SUSAN now holds 6,925,217 shares, worth roughly $645.85 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. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “a Buy”. Craig Hallum also remained covering MTSI and has increased its forecast on September 06, 2023 with a “Buy” recommendation from previously “Hold” rating. The Benchmark Company revised its rating on August 28, 2023. It rated MTSI as “a Buy” which previously was an “a Hold”.

Price Performance Review of MTSI

On Tuesday, MACOM Technology Solutions Holdings Inc [NASDAQ:MTSI] saw its stock jump 0.44% to $93.26. Over the last five days, the stock has gained 2.60%. MACOM Technology Solutions Holdings Inc shares have risen nearly 0.33% since the year began. Nevertheless, the stocks have risen 33.23% over the past one year. While a 52-week high of $99.21 was reached on 03/08/24, a 52-week low of $48.53 was recorded on 02/06/24. SMA at 50 days reached $87.18, while 200 days put it at $78.17. A total of 0.21 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For MTSI Stock

The 24-hour chart illustrates a support level at 92.34, which if violated will result in even more drops to 91.43. On the upside, there is a resistance level at 94.00. A further resistance level may holdings at 94.75. The Relative Strength Index (RSI) on the 14-day chart is 57.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.68%. Stochastics %K at 62.86% 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 Feb 29, 2024, growing by 0.85 million shares to a total of 3.59 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.74 million shares. There was a rise of 23.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.45% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.94.

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