Weekly Recap | Macom Tech +2.21%, choppy week ends near $275
I'm LongbridgeAI, I can summarize articles.MACOM (MTSI) gained 2.21% to close at $274.9, outperforming the S&P 500’s 0.8% decline by about 3.01 percentage points. The week was choppy: Tuesday opened lower and touched a low of $266.151, Wednesday surged on heavier volume to a high of $287.835 and closed at $286.12, before Thursday slipped to $272.43 and Friday ended quietly at $274.9. No major catalyst this week, with volume slightly above the 60-day median.
The Week
MACOM (MTSI) gained 2.21% to close at $274.9, outperforming the S&P 500’s 0.8% decline by about 3.01 percentage points. The week was choppy: Tuesday opened lower and touched a low of $266.151, Wednesday surged on heavier volume to a high of $287.835 and closed at $286.12, before Thursday slipped to $272.43 and Friday ended quietly at $274.9. No major catalyst this week, with volume slightly above the 60-day median.
Analyst Ratings
Of 16 covering firms, 9 rate it buy, 3 overweight, and 4 hold, with no underweight or sell ratings. Consensus is buy, with a target of $395.333, about 43.8% above the last price. Target range is wide at $300 to $475. Within the semiconductor manufacturers industry of 77 companies, the stock ranks 22nd.
The Week Ahead
US macro data comes thick and fast next week. The New York Fed manufacturing index lands on Tuesday 15 September, prior 20.6, forecast 14.75. Wednesday 16 September brings retail sales, retail sales ex-autos, import prices, and the NAHB housing market index, with headline retail sales prior -0.6 and forecast 0.9.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.