Are Insiders Cutting Back Their Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)?

As of the latest SEC filings, insiders at MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have decreased their position in the stock by -86.17% over the past 6 months..  Insiders now own 0.50% of total outstanding shares.

TECHNICAL INDICATORS

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) stands 6.68% away from its 50-day simple moving average and also 21.71% away from the 200-day average.  Recently, the equity stands -7.20% away from the 52-week high and 93.71% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 51.78.

RECOMMENDATIONS

The consensus analysts recommendation at this point stands at 1.90 for MACOM Technology Solutions Holdings, Inc..  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Further, analysts have a 12 month target price of $60.50 on company shares.  This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. 

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