MACOM Technology Solutions Holdings Inc’s recent filing unveils that its Director OCAMPO SUSAN unloaded Company’s shares for reported $13.08 million on Nov 15 ’24. In the deal valued at $123.67 per share,105,782 shares were sold. As a result of this transaction, OCAMPO SUSAN now holds 5,914,008 shares worth roughly $727.42 million.
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Then, OCAMPO SUSAN sold 26,886 shares, generating $3,425,242 in total proceeds. Upon selling the shares at $127.40, the Director now owns 6,019,790 shares.
Before that, OCAMPO SUSAN sold 25,351 shares. MACOM Technology Solutions Holdings Inc shares valued at $3,296,898 were divested by the Director at a price of $130.05 per share. As a result of the transaction, OCAMPO SUSAN now holds 6,046,676 shares, worth roughly $743.74 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 -2.97% to $123.00. Over the last five days, the stock has lost -10.78%. MACOM Technology Solutions Holdings Inc shares have risen nearly 32.33% since the year began. Nevertheless, the stocks have risen 50.16% over the past one year. While a 52-week high of $140.27 was reached on 11/07/24, a 52-week low of $79.25 was recorded on 02/06/24. SMA at 50 days reached $113.44, while 200 days put it at $103.11.
Levels Of Support And Resistance For MTSI Stock
The 24-hour chart illustrates a support level at 121.62, which if violated will result in even more drops to 120.24. On the upside, there is a resistance level at 124.92. A further resistance level may holdings at 126.85. The Relative Strength Index (RSI) on the 14-day chart is 52.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 59.12%. Stochastics %K at 51.68% 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 2024-10-31, dropping by -0.18 million shares to a total of 3.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.71 million shares. There was a decline of -5.25%, which implies that there is a negative sentiment for the stock.
