The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) hit a new 52-week high and has $49.81 target or 3.00% above today’s $48.36 share price. The 9 months bullish chart indicates low risk for the $2.74 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $49.81 price target is reached, the company will be worth $82.20 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. The stock increased 1.02% or $0.49 during the last trading session, hitting $48.36. About 176,507 shares traded hands. 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 $23.23M for 29.49 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. As per Thursday, December 3, the company rating was maintained by Stifel Nicolaus. The rating was initiated by Craig Hallum with “Buy” on Monday, January 11. On Wednesday, January 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Tuesday, August 18 the stock rating was reinitiated by Jefferies with “Buy”. The rating was maintained by Barclays Capital on Friday, March 11 with “Overweight”. The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has “Buy” rating given on Friday, December 18 by Needham. The rating was downgraded by Zacks on Thursday, August 20 to “Hold”. The firm earned “Buy” rating on Tuesday, August 18 by Needham. The rating was upgraded by Needham to “Buy” on Wednesday, July 29. The firm has “Neutral” rating given on Monday, June 27 by Bank of America.
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.
Stephens Investment Mgmt Gru Limited Liability Corporation has 231,595 shares for 0.25% of their US portfolio. Northern Tru accumulated 478,096 shares or 0.01% of the stock. The Ontario – Canada-based Td Asset Mngmt has invested 0% in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). State Street has 0% invested in the company for 535,571 shares. Tfs Lc last reported 8,684 shares in the company. Columbia Wanger Asset Mgmt Ltd Com holds 0.3% or 773,652 shares in its portfolio. Rhumbline Advisers has 22,943 shares for 0% of their US portfolio. Renaissance Tech Lc holds 0.01% or 102,800 shares in its portfolio. The Ontario – Canada-based Mackenzie Corp has invested 0.04% in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Cornerstone Cap Mgmt Hldg Ltd Limited Liability Company accumulated 0% or 4,849 shares. Citadel Ltd Liability Corp accumulated 106,373 shares or 0% of the stock. Ameriprise holds 158,848 shares or 0% of its portfolio. Arcadia Mgmt Corp Mi, a Michigan-based fund reported 333 shares. Lazard Asset Mgmt Limited Liability accumulated 0.05% or 673,150 shares. Legal & General Group Public Ltd has 0% invested in the company for 3,693 shares.
Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 24 selling transactions for $17.20 million net activity. 6,990 shares were sold by Hwang Donghyun Thomas, worth $318,045. On Thursday, July 28 the insider Behfar Alex sold $267,217. On Tuesday, October 11 VAN LUNSEN GIL J sold $42,170 worth of the stock or 1,000 shares. Croteau John sold $65,300 worth of stock or 2,000 shares. 28,000 MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) shares with value of $1.20M were sold by OCAMPO JOHN L. Shares for $111,195 were sold by Virk Preetinder S. on Tuesday, July 12. 5,175 shares were sold by MCMULLAN ROBERT, worth $219,694.
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. Nasdaq.com‘s news article titled: “MACOM Technology Solutions Holdings (MTSI) Shares Cross Above 200 DMA” with publication date: November 09, 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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