In a filing, MACOM Technology Solutions Holdings Inc revealed its Director OCAMPO SUSAN unloaded Company’s shares for reported $1.7 million on May 30 ’24. In the deal valued at $103.02 per share,16,490 shares were sold. As a result of this transaction, OCAMPO SUSAN now holds 6,972,027 shares worth roughly $706.96 million.
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Then, OCAMPO SUSAN sold 16,396 shares, generating $1,721,744 in total proceeds. Upon selling the shares at $105.01, the Director now owns 6,988,517 shares.
Before that, OCAMPO SUSAN sold 102,722 shares. MACOM Technology Solutions Holdings Inc shares valued at $10,555,206 were divested by the Director at a price of $102.76 per share. As a result of the transaction, OCAMPO SUSAN now holds 7,004,913 shares, worth roughly $710.3 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 Friday, MACOM Technology Solutions Holdings Inc [NASDAQ:MTSI] saw its stock fall -1.43% to $101.40. Over the last five days, the stock has gained 0.26%. MACOM Technology Solutions Holdings Inc shares have risen nearly 9.09% since the year began. Nevertheless, the stocks have risen 67.94% over the past one year. While a 52-week high of $107.00 was reached on 05/06/24, a 52-week low of $58.78 was recorded on 02/06/24. SMA at 50 days reached $100.66, while 200 days put it at $88.34. A total of 0.53 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For MTSI Stock
The 24-hour chart illustrates a support level at 100.34, which if violated will result in even more drops to 99.27. On the upside, there is a resistance level at 102.63. A further resistance level may holdings at 103.85. The Relative Strength Index (RSI) on the 14-day chart is 50.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.27%. Stochastics %K at 56.90% indicates the stock is a holding.
