The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) reached all time high today, Nov, 18 and still has $60.07 target or 28.00% above today’s $46.93 share price. This indicates more upside for the $2.88 billion company. This technical setup was reported by Barchart.com. If the $60.07 PT is reached, the company will be worth $806.40M 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. About 76,572 shares traded hands. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has risen 15.55% since April 18, 2016 and is uptrending. It has outperformed by 11.12% the S&P500.
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 “Overweight” rating given on Friday, March 11 by Barclays Capital. The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has “Buy” rating given on Thursday, December 3 by Stifel Nicolaus. On Wednesday, July 29 the stock rating was upgraded by Needham to “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $48 target price in Wednesday, January 27 report. Needham maintained the shares of MTSI in a report on Friday, December 18 with “Buy” rating. The firm has “Buy” rating by Craig Hallum given on Monday, January 11. The company was downgraded on Tuesday, September 20 by Goldman Sachs. The firm earned “Buy” rating on Tuesday, August 18 by Needham. The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) earned “Hold” rating by Zacks on Thursday, August 20. The rating was downgraded by Bank of America on Monday, June 27 to “Neutral”.
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 2016 Q2. Its down 0.01, from 1.01 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.
Brant Point Limited Com last reported 0.28% of its portfolio in the stock. Commercial Bank Of New York Mellon Corp holds 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 153,681 shares. Aqr Cap Management Limited Liability owns 19,574 shares or 0% of their US portfolio. Nationwide Fund holds 0.01% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 69,924 shares. Comerica Fincl Bank reported 20,932 shares or 0.01% of all its holdings. Moreover, Teachers Advsr has 0% invested in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 36,786 shares. Glenmede Trust Com Na holds 138 shares or 0% of its portfolio. Magee Thomson Investment Partners Ltd Liability Com reported 240,000 shares or 2.77% of all its holdings. Neuberger Berman Gru Ltd Com, a New York-based fund reported 978,360 shares. State Street has 0% invested in the company for 535,571 shares. Ladenburg Thalmann Financial Ser Incorporated holds 167 shares or 0% of its portfolio. Clough Capital Prns Limited Partnership, a Massachusetts-based fund reported 71,300 shares. Frontier Cap Management Ltd Limited Liability Company accumulated 0.13% or 469,170 shares. Moreover, Capstone Inv Advisors Limited Liability has 0.01% invested in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 9,597 shares. Moreover, Emerald Advisers Pa has 0.58% invested in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 366,938 shares.
Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 22 sales for $10.16 million net activity. On Tuesday, August 23 the insider Murphy Michael T. sold $219,945. Hwang Donghyun Thomas sold $87,600 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Tuesday, September 6. $267,217 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was sold by Behfar Alex. $308,680 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was sold by Virk Preetinder S.. Another trade for 1,000 shares valued at $42,170 was made by VAN LUNSEN GIL J on Tuesday, October 11. Shares for $6.15 million were sold by OCAMPO JOHN L. Dennehy Robert also sold $420,861 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) shares.
More notable recent MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) news were published by: Marketwatch.com which released: “MACOM Technology Solutions Holdings Inc.” on July 12, 2011, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: Diebold, Stratasys and MACOM Technology …” published on November 15, 2016, 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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