The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) reached all time high today, Nov, 29 and still has $52.94 target or 8.00% above today’s $49.02 share price. This indicates more upside for the $2.67 billion company. This technical setup was reported by Barchart.com. If the $52.94 PT is reached, the company will be worth $213.60 million 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 48,569 shares traded hands. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has risen 18.87% since April 26, 2016 and is uptrending. It has outperformed by 13.61% 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 $22.33M for 29.89 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. $52 is the highest target while $37 is the lowest. The $48.17 average target is -1.73% below today’s ($49.02) stock price. M/A-Com Technology Solutions Holdings has been the topic of 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Outperform” rating in Tuesday, October 13 report. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, November 16. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, January 27. The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has “Neutral” rating given on Monday, June 27 by Bank of America. The firm has “Buy” rating by Jefferies given on Tuesday, August 18. On Tuesday, August 18 the stock rating was maintained by Needham with “Buy”. Barclays Capital maintained MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) rating on Friday, March 11. Barclays Capital has “Overweight” rating and $44 price target. Goldman Sachs downgraded MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Tuesday, September 20 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, February 3 by Goldman Sachs. Craig Hallum initiated MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) rating on Monday, January 11. Craig Hallum has “Buy” rating and $48 price target.
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 fall, 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.
Bancshares Of New York Mellon Corporation, a New York-based fund reported 153,681 shares. Advsrs Asset Management holds 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 1,097 shares. Comerica Bank reported 20,932 shares or 0.01% of all its holdings. Glenmede Com Na has 0% invested in the company for 138 shares. Bamco Inc Ny last reported 0.01% of its portfolio in the stock. Fund Sa, a France-based fund reported 51,900 shares. Kennedy Capital Mgmt owns 556,619 shares or 0.37% of their US portfolio. Employees Retirement Association Of Colorado holds 0.06% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 222,500 shares. Nordea Investment Mgmt has 0% invested in the company for 17,229 shares. First L P holds 0% or 43,875 shares in its portfolio. The New York-based International Grp has invested 0% in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Ubs Asset Management Americas Inc accumulated 0.01% or 299,712 shares. Wells Fargo & Mn has 0% invested in the company for 12,506 shares. Moreover, New York State Common Retirement Fund has 0% invested in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 23,400 shares. Agf Invs accumulated 100,000 shares or 0.04% of the stock.
Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 25 insider sales for $17.61 million net activity. MCMULLAN ROBERT sold $219,694 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Monday, August 22. 2,000 MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) shares with value of $79,560 were sold by Croteau John. On Thursday, November 17 Hwang Donghyun Thomas sold $318,045 worth of the stock or 6,990 shares. VAN LUNSEN GIL J sold $40,690 worth of stock or 1,000 shares. $6.15M worth of shares were sold by OCAMPO JOHN L on Thursday, September 8. Baker Walter Gregory sold $141,458 worth of stock or 3,341 shares. Virk Preetinder S. sold $308,680 worth of stock or 7,717 shares.
More recent MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) news were published by: Nasdaq.com which released: “Commit To Purchase MACOM Technology Solutions Holdings At $30, Earn 7.5 …” on October 13, 2016. Also Nasdaq.com published the news titled: “MACOM Technology Solutions Holdings (MTSI) Shares Cross Above 200 DMA” on November 09, 2016. Wsj.com‘s news article titled: “Macom Buys Applied Micro to Expand Into the Cloud” with publication date: November 21, 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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