Needham Keeps a Buy Rating on MACOM Technology Solutions Holdings Inc (MTSI)

By Austin Angelo

Needham analyst Quinn Bolton reiterated a Buy rating on MACOM Technology Solutions Holdings Inc (MTSIResearch Report) on May 8 and set a price target of $20. The company’s shares closed on Friday at $15.20.

According to TipRanks.com, Bolton is a top 100 analyst with an average return of 17.0% and a 67.2% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as Quantenna Communications, Applied Materials Inc, and Ultra Clean Holdings.

MACOM Technology Solutions Holdings Inc has an analyst consensus of Hold, with a price target consensus of $17.63, a 16.0% upside from current levels. In a report issued on April 25, Northland Securities also assigned a Buy rating to the stock with a $25 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $25.92 and a one-year low of $12.33. Currently, MACOM Technology Solutions Holdings Inc has an average volume of 720.3K.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Charles Bland, a Director at MTSI bought 10,500 shares for a total of $21,000.

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.