MACOM Technology Solutions Holdings Inc (MTSI) was Downgraded to a Sell Rating at Stifel Nicolaus

By Jason Carr

MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) received a Sell rating and a $20 price target from Stifel Nicolaus analyst Tore Svanberg today. The company’s shares closed yesterday at $21.98.

According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 17.7% and a 74.1% success rate. Svanberg covers the Consumer Goods sector, focusing on stocks such as Quantenna Communications, Silicon Laboratories, and Power Integrations.

The word on The Street in general, suggests a Hold analyst consensus rating for MACOM Technology Solutions Holdings Inc with a $26.20 average price target.

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The company has a one-year high of $46.33 and a one-year low of $15.46. Currently, MACOM Technology Solutions Holdings Inc has an average volume of 550.4K.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is neutral on the stock.

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MACOM Technology Solutions Holdings, Inc. engages in the provision of semiconductor solutions that enable internet applications, cloud connected apps economy, and modern, networked battlefield. Its products include radio frequency power products, optoelectronics, photonic solutions, optical sub-assemblies, amplifiers, diodes, crosspoints, and signal conditioners. The company was founded on March 25, 2009 and is headquartered in Lowell, MA.