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

By Austin Angelo

In a report released today, Richard Shannon from Craig-Hallum downgraded MACOM Technology Solutions Holdings Inc (MTSIResearch Report) 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.

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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.