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MTSI stock rated an Outperform by Evercore ISI

NUE

In a filing, MACOM Technology Solutions Holdings Inc revealed 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 $3.35 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 $702.1 million.

Evercore ISI initiated its MACOM Technology Solutions Holdings Inc [MTSI] rating to an Outperform in a research note published on April 16, 2024; the price target was $120. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Neutral”. BofA Securities also remained covering MTSI and has increased its forecast on December 15, 2023 with a “Buy” recommendation from previously “Neutral” rating. Craig Hallum revised its rating on September 06, 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 fall -1.97% to $101.95. Over the last five days, the stock has gained 3.19%. MACOM Technology Solutions Holdings Inc shares have risen nearly 9.68% since the year began. Nevertheless, the stocks have risen 74.75% over the past one year. While a 52-week high of $104.90 was reached on 04/17/24, a 52-week low of $48.53 was recorded on 02/06/24. SMA at 50 days reached $95.08, while 200 days put it at $84.19. A total of 0.99 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For MTSI Stock

The 24-hour chart illustrates a support level at 101.02, which if violated will result in even more drops to 100.08. On the upside, there is a resistance level at 103.75. A further resistance level may holdings at 105.54. The Relative Strength Index (RSI) on the 14-day chart is 57.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.35%. Stochastics %K at 83.01% indicates the stock is a selling.

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