MACOM Technology Solutions Holdings Inc’s recently made public that its SVP, Operations Dennehy Robert unloaded Company’s shares for reported $0.21 million on Mar 15 ’24. In the deal valued at $88.88 per share,2,370 shares were sold. As a result of this transaction, Dennehy Robert now holds 32,827 shares worth roughly $3.3 million.
Then, Hwang Donghyun Thomas sold 9,397 shares, generating $866,823 in total proceeds. Upon selling the shares at $92.24, the SVP, Global Sales now owns 48,325 shares.
Before that, OCAMPO SUSAN sold 34,186 shares. MACOM Technology Solutions Holdings Inc shares valued at $3,008,368 were divested by the Director at a price of $88.00 per share. As a result of the transaction, OCAMPO SUSAN now holds 6,886,661 shares, worth roughly $693.28 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 Friday, MACOM Technology Solutions Holdings Inc [NASDAQ:MTSI] saw its stock jump 2.14% to $100.67. Over the last five days, the stock has gained 5.26%. MACOM Technology Solutions Holdings Inc shares have risen nearly 8.31% since the year began. Nevertheless, the stocks have risen 51.16% over the past one year. While a 52-week high of $104.59 was reached on 04/04/24, a 52-week low of $48.53 was recorded on 02/06/24. SMA at 50 days reached $90.09, while 200 days put it at $81.13. A total of 0.58 million shares were traded, compared to the trading of 0.77 million shares in the previous session.
Levels Of Support And Resistance For MTSI Stock
The 24-hour chart illustrates a support level at 98.47, which if violated will result in even more drops to 96.26. On the upside, there is a resistance level at 102.41. A further resistance level may holdings at 104.14. The Relative Strength Index (RSI) on the 14-day chart is 63.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.09%. Stochastics %K at 78.91% 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 Mar 15, 2024, growing by 0.79 million shares to a total of 3.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.97 million shares. There was a rise of 21.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.76% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.66.
