Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MACOM Technology Solutions Holdings Inc shares valued at $809,454 were purchased by RIBAR GEOFFREY G on Feb 12 ’25. At $121.61 per share, RIBAR GEOFFREY G acquired 6,656 shares.
Also, OCAMPO SUSAN sold 45,773 shares, netting a total of over 5,737,473 in proceeds. Following the sale of shares at $125.35 each, the insider now holds 5,509,746 shares.
Before that, OCAMPO SUSAN had sold 25,003 shares from its account. In a trade valued at $3,083,370, the Director traded MACOM Technology Solutions Holdings Inc shares for $123.32 each. Upon closing the transaction, the insider’s holdings decreased to 25,003 shares, worth approximately $669.63 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 drop of approximately -5.72%. Over the course of the year, MACOM Technology Solutions Holdings Inc shares have dropped approximately -6.02%. Shares of the company reached a 52-week high of $152.50 on 01/22/25 and a 52-week low of $118.85 on 01/28/25. A 50-day SMA is recorded $134.82, while a 200-day SMA reached $115.38. Nevertheless, trading volume fell to 0.59 million shares from 0.49 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 120.63, which, if violated, would cause prices to drop to 119.17. In the upper region, resistance lies at 123.57. The next price resistance is at 125.04. RSI (Relative Strength Index) is 37.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.25, which suggests the price will decrease in the coming days. Percent R is at 81.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
