Craig-Hallum Upgrades MACOM Technology Solutions Holdings (MTSI)
Nasdaq Fintel reports that on September 6, 2023, Craig-Hallum upgraded their outlook for MACOM Technology Solutions Holdings (NASDAQ:MTSI) from Hold to Buy .
Analyst Price Forecast Suggests 3.09% Upside
As of August 31, 2023, the average one-year price target for MACOM Technology Solutions Holdings is 84.66. The forecasts range from a low of 65.65 to a high of $99.75. The average price target represents an increase of 3.09% from its latest reported closing price of 82.12.
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The projected annual revenue for MACOM Technology Solutions Holdings is 731MM, an increase of 8.18%. The projected annual non-GAAP EPS is 3.12.
What is the Fund Sentiment?
There are 628 funds or institutions reporting positions in MACOM Technology Solutions Holdings. This is a decrease of 22 owner(s) or 3.38% in the last quarter. Average portfolio weight of all funds dedicated to MTSI is 0.28%, a decrease of 5.03%. Total shares owned by institutions decreased in the last three months by 1.20% to 68,444K shares. The put/call ratio of MTSI is 0.38, indicating a bullish outlook.