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MACOM Technology Solutions Holdings (MTSI) Gets a Buy Rating from Benchmark Co.

In a report released today, David Williams from Benchmark Co. reiterated a Buy rating on MACOM Technology Solutions Holdings (MTSIResearch Report), with a price target of $65.00. The company’s shares closed last Friday at $57.71.

According to TipRanks.com, Williams is a 5-star analyst with an average return of 15.1% and a 57.1% success rate. Williams covers the Technology sector, focusing on stocks such as Lattice Semiconductor, Rigetti Computing, and ON Semiconductor.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MACOM Technology Solutions Holdings with a $65.63 average price target, which is a 15.7% upside from current levels. In a report issued on July 20, Stifel Nicolaus also maintained a Buy rating on the stock with a $70.00 price target.

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The company has a one-year high of $80.30 and a one-year low of $42.85. Currently, MACOM Technology Solutions Holdings has an average volume of 415.6K.

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTSI in relation to earlier this year.

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. Its 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. The company was founded on March 25, 2009 and is headquartered in Lowell, MA.

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