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MACOM Technology Solutions Holdings Inc [MTSI] Shares Jump Approximately 44.61% Over the Year

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MACOM Technology Solutions Holdings Inc shares valued at $701,059 were sold by Dennehy Robert on Sep 17 ’24. At $101.38 per share, Dennehy Robert sold 6,915 shares. The insider’s holdings dropped to 19,481 shares worth approximately $2.21 million following the completion of this transaction.

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Also, Hwang Donghyun Thomas sold 4,375 shares, netting a total of over 457,503 in proceeds. Following the sale of shares at $104.57 each, the insider now holds 37,148 shares.

Before that, Daly Stephen G had sold 21,012 shares from its account. In a trade valued at $2,298,658, the President and CEO traded MACOM Technology Solutions Holdings Inc shares for $109.40 each. Upon closing the transaction, the insider’s holdings decreased to 21,012 shares, worth approximately $7.3 million.

As published in their initiating research note from Evercore ISI on April 16, 2024, MACOM Technology Solutions Holdings Inc [MTSI] has been an Outperform and the price target has been revised to $120. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 15, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for MTSI. Earlier on September 06, 2023, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for MTSI stock which previously was a “a Hold”.

Analyzing MTSI Stock Performance

During the last five days, there has been a surge of approximately 7.28%. Over the course of the year, MACOM Technology Solutions Holdings Inc shares have jumped approximately 21.85%. Shares of the company reached a 52-week high of $118.76 on 07/09/24 and a 52-week low of $79.25 on 02/06/24. A 50-day SMA is recorded $102.48, while a 200-day SMA reached $97.99. Nevertheless, trading volume fell to 0.57 million shares from 0.51 million shares the previous day.

Support And Resistance Levels for MACOM Technology Solutions Holdings Inc (MTSI)

According to the 24-hour chart, there is a support level at 109.61, which, if violated, would cause prices to drop to 105.96. In the upper region, resistance lies at 115.21. The next price resistance is at 117.17. RSI (Relative Strength Index) is 65.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.54, which suggests the price will increase in the coming days. Percent R is at 1.38%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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