MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 29.5% since Nov 1.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
MACOM currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Microchip Technology Inc. (NASDAQ:MCHP) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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MICROCHIP TECH (MCHP): Free Stock Analysis Report
MA-COM TECH SOL (MTSI): Free Stock Analysis Report
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