Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for MACOM Technology Solutions Holdi (NASDAQ: MTSI) weakened of late. MTSI’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
MACOM Technology Solutions Holdi (NASDAQ: MTSI) stock rose modestly by 0.7% on 4/8/24. The stock closed at $101.40. However, trading volume in this advance was below average at 80% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.0% during the last week.
Current PriceTarget Research Rating
MTSI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MACOM Technology Solutions Holdi has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. MACOM Technology Solutions Holdi has a very low Appreciation Score of 10 but a good Power Rating of 76, triggering the Negative Value Trend Rating.
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