While MACOM Technology Solutions Holdings Inc has underperformed by -5.87%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MTSI rose by 7.73%, with highs and lows ranging from $152.50 to $90.01, whereas the simple moving average fell by -9.51% in the last 200 days.
On April 16, 2024, Evercore ISI started tracking MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) recommending Outperform. A report published by Piper Sandler on January 04, 2024, Downgraded its rating to ‘Neutral’ for MTSI. BofA Securities also Upgraded MTSI shares as ‘Buy’, setting a target price of $105 on the company’s shares in a report dated December 15, 2023. Craig Hallum September 06, 2023d the rating to Buy on September 06, 2023, and set its price target from $85 to $110. The Benchmark Company August 28, 2023d its ‘Hold’ rating to ‘Buy’ for MTSI, as published in its report on August 28, 2023. BofA Securities’s report from July 18, 2023 suggests a price prediction of $72 for MTSI shares, giving the stock a ‘Neutral’ rating. TD Cowen also rated the stock as ‘Outperform’.
Analysis of MACOM Technology Solutions Holdings Inc (MTSI)
Further, the quarter-over-quarter increase in sales is 38.80%, showing a positive trend in the upcoming months.
To gain a thorough understanding of MACOM Technology Solutions Holdings Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -9.49% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.88, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MTSI is recording an average volume of 737.98K. On a monthly basis, the volatility of the stock is set at 4.80%, whereas on a weekly basis, it is put at 3.73%, with a loss of -3.88% over the past seven days. Furthermore, long-term investors anticipate a median target price of $148.15, showing growth from the present price of $105.65, which can serve as yet another indication of whether MTSI is worth investing in or should be passed over.
How Do You Analyze MACOM Technology Solutions Holdings Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 15.15%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.33% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MTSI shares are owned by institutional investors to the tune of 84.33% at present.
