MTSI Stock Summary and Trading Ideas (Macom Technology Solns | NASDAQ:MTSI)

MACOM Technology Solutions Holdings Inc is a provider of analog, digital and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions are found in systems for industrial, medical, scientific, and test and measurement markets. The firm's portfolio of products includes integrated circuits, multichip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems. Roughly a third of the firm's revenue is generated in the United States, with the rest coming from China, Taiwan, and other countries across the world.

Macom Technology Solns trades on the NASDAQ stock market under the symbol MTSI.

As of April 24, 2024, MTSI stock price climbed to $100.72 with 260,354 million shares trading.

MTSI has a beta of 1.59, meaning it tends to be more sensitive to market movements. MTSI has a correlation of 0.27 to the broad based SPY ETF.

MTSI has a market cap of $7.26 billion. This is considered a Mid Cap stock.

Last quarter Macom Technology Solns reported $157 million in Revenue and $.58 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.01.

In the last 3 years, MTSI stock traded as high as $104.90 and as low as $42.85.

The top ETF exchange traded funds that MTSI belongs to (by Net Assets): VTI, IJH, VB, IWM, VBK.

MTSI has outperformed the market in the last year with a price return of +59.4% while the SPY ETF gained +24.2%. MTSI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.9% and -2.0%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

MTSI support price is $96.12 and resistance is $101.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTSI stock will trade within this expected range on the day.