Notable Runner: What’s Next for MACOM Technology Solutions Holdings Inc After Achieving Record High?

Notable Runner: What's Next for MACOM Technology Solutions Holdings Inc After Achieving Record High?

The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) reached all time high today, Nov, 24 and still has $51.22 target or 7.00% above today’s $47.87 share price. This indicates more upside for the $2.59 billion company. This technical setup was reported by Barchart.com. If the $51.22 PT is reached, the company will be worth $181.30M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 5.39% or $2.45 on November 23, hitting $47.87. About 954,667 shares traded hands or 109.10% up from the average. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has risen 18.23% since April 22, 2016 and is uptrending. It has outperformed by 12.82% the S&P500.

Analysts await MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) to report earnings on January, 24. They expect $0.41 EPS, up 127.78% or $0.23 from last year’s $0.18 per share. MTSI’s profit will be $22.18 million for 29.19 P/E if the $0.41 EPS becomes a reality. After $0.44 actual EPS reported by MACOM Technology Solutions Holdings Inc for the previous quarter, Wall Street now forecasts -6.82% negative EPS growth.

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 firm has “Buy” rating given on Wednesday, November 16 by Stifel Nicolaus. On Wednesday, July 29 the stock rating was upgraded by Needham to “Buy”. Craig Hallum initiated MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Monday, January 11 with “Buy” rating. Goldman Sachs downgraded the shares of MTSI in a report on Tuesday, September 20 to “Neutral” rating. The firm has “Hold” rating by Zacks given on Thursday, August 20. The stock has “Buy” rating given by Needham on Friday, December 18. The company was downgraded on Monday, June 27 by Bank of America. Stifel Nicolaus maintained MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Wednesday, January 27 with “Buy” rating. As per Tuesday, August 18, the company rating was maintained by Needham. As per Tuesday, August 18, the company rating was reinitiated by Jefferies.

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 in Q2 2016. Its down 0.01, from 1.01 in 2016Q1. The ratio dropped, 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.
Guggenheim Lc has 0% invested in the company for 12,769 shares. Rainier Investment Mngmt Lc owns 402,050 shares or 0.64% of their US portfolio. Comerica State Bank last reported 20,932 shares in the company. Paradigm Asset Mgmt Comm owns 16,300 shares or 0% of their US portfolio. Renaissance Ltd Llc has invested 0.01% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Agf Invests holds 100,000 shares or 0.04% of its portfolio. Bancorp owns 11,150 shares or 0.01% of their US portfolio. Diam Ltd last reported 0.01% of its portfolio in the stock. Raymond James And Assoc owns 59,046 shares or 0.01% of their US portfolio. Axa holds 0.02% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 120,000 shares. Great West Life Assurance Can holds 2,400 shares or 0% of its portfolio. The New York-based Morgan Stanley has invested 0% in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Tudor Inv Et Al reported 8,900 shares or 0.01% of all its holdings. Teacher Retirement Systems Of Texas last reported 0% of its portfolio in the stock. California Public Employees Retirement Systems has 21,800 shares for 0% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 24 sales for $17.20 million net activity. Hwang Donghyun Thomas sold $87,600 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Tuesday, September 6. Another trade for 7,717 shares valued at $308,680 was made by Virk Preetinder S. on Thursday, July 28. VAN LUNSEN GIL J sold $40,690 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Tuesday, November 15. Shares for $267,217 were sold by Behfar Alex. On Thursday, October 6 OCAMPO JOHN L sold $1.20M worth of the stock or 28,000 shares. Another trade for 2,000 shares valued at $84,220 was sold by Croteau John. The insider Dennehy Robert sold 9,589 shares worth $420,861.

More recent MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) news were published by: Wsj.com which released: “Macom Buys Applied Micro to Expand Into the Cloud” on November 21, 2016. Also Nasdaq.com published the news titled: “Commit To Purchase MACOM Technology Solutions Holdings At $30, Earn 7.5 …” on October 13, 2016. Finance.Yahoo.com‘s news article titled: “The Zacks Analyst Blog Highlights: Diebold, Stratasys and MACOM Technology …” with publication date: November 15, 2016 was also an interesting one.

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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