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Goldman Sachs Group Inc. disclosed MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI), boosting its stock price target to $41.00 today

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) had its price target upped to $41 by Goldman Sachs Group Inc. in an issued report issued 9/20/2016. The updated target price indicates a possible steady performance relative to the company’s most recent stock close price.

Displaying a price of $41.10, MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) traded 3.25% lower on the day. The last close is up 5.37% relative to the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the date range. The company has recorded a 50-day moving average of $40.87 and two hundred day average of $38.99. Volume of trade was was down over the average, with 119,172 shares of MTSI changing hands under the typical 462,045 shares.

Performance Chart:

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI)

With a market capitalization of $0.0, MACOM Technology Solutions Holdings Inc has a 52 week low of $27.34 and a 52 week high of $45.46 with a PE ratio of 43.

Also covering MACOM Technology Solutions Holdings Inc’s price target, a total of 11 firms have reported on the company. The consensus target stock price is $47.36 with four analysts rating the stock a strong buy, seven analysts rating the company a buy, 0 firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokeragesrating the company as sell.

More About MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI)

MACOM Technology Solutions Holdings, Inc., formerly M/A-COM Technology Solutions Holdings, Inc., is a provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum. The Company operates through semiconductors and modules segment. Its semiconductor products are electronic components, such as point-to-point wireless backhaul radios, antenna arrays, radar, magnetic resonance imaging (MRI) systems and unmanned aerial vehicles (UAVs). The Company offers its products in over three markets, such as networks, which include carrier and enterprise infrastructure, wired broadband and cellular backhaul, photonic solutions and fiber optic applications; aerospace and defense (A&D), which include military and commercial radar, RF jammers, electronic countermeasures and communication data links, and multi-market, which includes industrial, and medical and scientific applications.

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