MACOM Technology Solutions Holdings Inc (MTSI) was Downgraded to a Hold Rating at Craig-Hallum


In a report released today, Richard Shannon from Craig-Hallum downgraded MACOM Technology Solutions Holdings Inc (MTSI) to Hold, with a price target of $19. The company’s shares opened today at $15.65.

According to TipRanks.com, Shannon is a 4-star analyst with an average return of 5.4% and a 40.5% success rate. Shannon covers the Consumer Goods sector, focusing on stocks such as Lumentum Holdings, Finisar Corp, and Inphi Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for MACOM Technology Solutions Holdings Inc with a $18.80 average price target, a 20.1% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $14 price target.

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The company has a one-year high of $25.92 and a one-year low of $13.07. Currently, MACOM Technology Solutions Holdings Inc has an average volume of 704.5K.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

MACOM Technology Solutions Holdings, Inc. engages in the design, development, manufacture and market of semiconductors and modules. It products include integrated circuits (IC), multi-chip modules (MCM), power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.

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