MACOM Technology Solutions Holdings Inc’s recent filing unveils that its SVP, Global Sales Hwang Donghyun Thomas unloaded Company’s shares for reported $0.98 million on Jan 27 ’25. In the deal valued at $133.00 per share,7,355 shares were sold. As a result of this transaction, Hwang Donghyun Thomas now holds 43,657 shares worth roughly $5.79 million.
Then, DONGHYUN THOMAS HWANG bought 7,355 shares, generating $978,215 in total proceeds.
Before that, Kober John sold 2,250 shares. MACOM Technology Solutions Holdings Inc shares valued at $292,708 were divested by the Senior VP and CFO at a price of $130.09 per share. As a result of the transaction, Kober John now holds 49,239 shares, worth roughly $6.53 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 jump 0.20% to $132.60. Over the last five days, the stock has gained 7.00%. MACOM Technology Solutions Holdings Inc shares have risen nearly 2.07% since the year began. Nevertheless, the stocks have risen 57.78% over the past one year. While a 52-week high of $152.50 was reached on 01/22/25, a 52-week low of $79.25 was recorded on 01/28/25. SMA at 50 days reached $135.75, while 200 days put it at $114.40.
Levels Of Support And Resistance For MTSI Stock
The 24-hour chart illustrates a support level at 130.26, which if violated will result in even more drops to 127.92. On the upside, there is a resistance level at 134.68. A further resistance level may holdings at 136.76. The Relative Strength Index (RSI) on the 14-day chart is 47.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.13%. Stochastics %K at 40.27% 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 2025-01-15, dropping by -0.76 million shares to a total of 2.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.99 million shares. There was a decline of -34.1%, which implies that there is a negative sentiment for the stock.
