Price Action To Observe: Is MACOM Technology Solutions Holdings Inc a Buy? The Stock Rises Again

Price Action To Observe: Is MACOM Technology Solutions Holdings Inc a Buy? The Stock Rises Again

The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) is a huge mover today! About 505,186 shares traded hands or 42.81% up from the average. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has risen 1.19% since April 14, 2016 and is uptrending. It has underperformed by 3.49% the S&P500.
The move comes after 7 months positive chart setup for the $2.41B company. It was reported on Nov, 16 by Barchart.com. We have $66.56 PT which if reached, will make NASDAQ:MTSI worth $1.23 billion more.

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Ratings Coverage

Out of 8 analysts covering M/A-Com Technology Solutions Holdings (NASDAQ:MTSI), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. M/A-Com Technology Solutions Holdings has been the topic of 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America to “Neutral” on Monday, June 27. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, November 16. The rating was maintained by Barclays Capital with “Outperform” on Tuesday, October 13. The company was maintained on Thursday, December 3 by Stifel Nicolaus. The company was downgraded on Thursday, August 20 by Zacks. On Monday, January 11 the stock rating was initiated by Craig Hallum with “Buy”. Needham maintained the shares of MTSI in a report on Tuesday, August 18 with “Buy” rating. The rating was maintained by Barclays Capital with “Overweight” on Friday, March 11. The rating was maintained by Stifel Nicolaus on Wednesday, January 27 with “Buy”. The firm earned “Buy” rating on Wednesday, July 29 by Needham.

According to Zacks Investment Research, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.67, from 1.68 in 2016Q1. The ratio turned negative, as 31 funds sold all MACOM Technology Solutions Holdings Inc shares owned while 52 reduced positions. 26 funds bought stakes while 58 increased positions. They now own 38.15 million shares or 1.15% less from 38.59 million shares in 2016Q1.
Agf reported 100,000 shares or 0.04% of all its holdings. Teachers Advsrs holds 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 36,786 shares. Guggenheim Cap Lc has 12,769 shares for 0% of their US portfolio. Federated Investors Pa has 1,147 shares for 0% of their US portfolio. Renaissance Technologies Limited Com accumulated 0.01% or 102,800 shares. Axa has invested 0.02% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Moreover, Sit Invest has 0.03% invested in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 35,500 shares. California Employees Retirement Systems has invested 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Brant Point Invest Mgmt Limited Company has invested 0.28% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Marshall Wace Llp last reported 0.12% of its portfolio in the stock. Northern Tru Corporation last reported 0.01% of its portfolio in the stock. Credit Suisse Ag accumulated 0% or 29,244 shares. Paradigm Asset Mgmt Limited Liability Com accumulated 16,300 shares or 0% of the stock. Silvercrest Asset Mngmt Gru Ltd Limited Liability Company holds 1.48 million shares or 0.62% of its portfolio. Blackrock Fund holds 558,610 shares or 0% of its portfolio.

Insider Transactions: Since May 17, 2016, the stock had 0 insider buys, and 21 selling transactions for $10.12 million net activity. Murphy Michael T. had sold 13,121 shares worth $476,555. Dennehy Robert sold $324,188 worth of stock or 8,125 shares. Virk Preetinder S. sold 3,177 shares worth $111,195. The insider VAN LUNSEN GIL J sold 1,000 shares worth $40,000. $1.20 million worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was sold by OCAMPO JOHN L. Baker Walter Gregory sold $225,361 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Wednesday, May 18. MCMULLAN ROBERT had sold 5,175 shares worth $219,694.

More notable recent MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) news were published by: Nasdaq.com which released: “The Zacks Analyst Blog Highlights: Diebold, Stratasys and MACOM Technology …” on November 15, 2016, also Marketwatch.com with their article: “MACOM Technology Solutions Holdings Inc.” published on July 12, 2011, Nasdaq.com published: “Commit To Purchase MACOM Technology Solutions Holdings At $30, Earn 7.5 …” on October 13, 2016. More interesting news about MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) were released by: Nasdaq.com and their article: “MACOM Technology Solutions Holdings (MTSI) Shares Cross Above 200 DMA” published on November 09, 2016 as well as Quotes.Wsj.com‘s news article titled: “News MACOM Technology Solutions Holdings Inc.MTSI” with publication date: February 14, 2011.

MTSI Company Profile

MACOM Technology Solutions Holdings, Inc., formerly M/A-COM Technology Solutions Holdings, Inc., incorporated on March 25, 2009, is a well-known provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum. The Firm operates through semiconductors and modules segment. The Company’s semiconductor products are electronic components, which include point-to-point wireless backhaul radios, antenna arrays, radar, magnetic resonance imaging systems (MRI) and unmanned aerial vehicles (UAVs). The Firm offers its products in over three primary markets, such as networks, aerospace and defense (A&D) and multi-market.

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