Noteworthy Price Action: Could MACOM Technology Solutions Holdings Inc Change Direction After Making 52-Week High?

Noteworthy Price Action: Could MACOM Technology Solutions Holdings Inc Change Direction After Making 52 Week High?

The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) hit a new 52-week high and has $48.14 target or 5.00% above today’s $45.85 share price. The 6 months bullish chart indicates low risk for the $2.48B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $48.14 price target is reached, the company will be worth $124.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.02 million shares traded hands or 97.53% up from the average. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has risen 21.87% since April 28, 2016 and is uptrending. It has outperformed by 15.94% the S&P500.

Analysts await MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) to report earnings on January, 24. They expect $0.41 earnings per share, up 127.78% or $0.23 from last year’s $0.18 per share. MTSI’s profit will be $22.18 million for 27.96 P/E if the $0.41 EPS becomes a reality. After $0.44 actual earnings per share 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 stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has “Buy” rating given on Thursday, December 3 by Stifel Nicolaus. As per Monday, January 11, the company rating was initiated by Craig Hallum. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, September 20. The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has “Hold” rating given on Thursday, August 20 by Zacks. The stock has “Buy” rating given by Goldman Sachs on Wednesday, February 3. The firm earned “Buy” rating on Wednesday, July 29 by Needham. The stock has “Outperform” rating given by Barclays Capital on Tuesday, October 13. The rating was downgraded by Bank of America on Monday, June 27 to “Neutral”. Needham maintained MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Tuesday, August 18 with “Buy” rating. The rating was maintained by Barclays Capital on Friday, March 11 with “Overweight”.

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.
Art Advisors Ltd Liability Corporation owns 80,785 shares or 0.13% of their US portfolio. Great West Life Assurance Can owns 2,400 shares or 0% of their US portfolio. Legal And General Group Incorporated Public Ltd Com last reported 3,693 shares in the company. State Common Retirement Fund accumulated 0% or 23,400 shares. State Street Corp owns 535,571 shares or 0% of their US portfolio. Cubist Systematic Strategies Limited Liability reported 20,786 shares or 0.04% of all its holdings. Bamco Inc Ny holds 40,000 shares or 0.01% of its portfolio. Wells Fargo And Com Mn holds 12,506 shares or 0% of its portfolio. Moreover, Ftb Advisors has 0% invested in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 380 shares. First Advsrs Lp accumulated 0% or 43,875 shares. The New York-based Bnp Paribas Arbitrage has invested 0% in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). The Switzerland-based Credit Suisse Ag has invested 0% in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Capstone Inv Ltd Llc reported 9,597 shares or 0.01% of all its holdings. Clough Cap Prtnrs Limited Partnership has 0.13% invested in the company for 71,300 shares. Visium Asset Mngmt L P reported 244,017 shares or 0.56% of all its holdings.

Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 25 sales for $17.61 million net activity. The insider Croteau John sold 2,000 shares worth $79,560. 3,341 shares with value of $141,458 were sold by Baker Walter Gregory on Friday, September 16. VAN LUNSEN GIL J also sold $42,170 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Tuesday, October 11. Hwang Donghyun Thomas sold $318,045 worth of stock or 6,990 shares. $6.15M worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) shares were sold by OCAMPO JOHN L. 3,177 shares were sold by Virk Preetinder S., worth $111,195. Dennehy Robert had sold 8,125 shares worth $324,188.

Another recent and important MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) news was published by Nasdaq.com which published an article titled: “Commit To Purchase MACOM Technology Solutions Holdings At $30, Earn 7.5 …” on October 13, 2016.

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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