MACOM Technology Solutions Holdings Inc (MTSI)
MACOM Technology Solutions Holdings, Inc. designs and manufactures analog semiconductor solutions for use in wired and wireless applications in the radio frequency (RF), microwave, millimeter wave and light wave spectrum in the United States, China, Asia Pacific and internationally. . . The company is headquartered in Lowell, Massachusetts.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 1.66% per annum.
- MTSI price at the close of May 7, 2024 was $103.00 and was higher than the top border of the primary price channel by $23.64 (29.79%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 36.97% per annum.
- MTSI price at the close of May 7, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of MTSI price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: December 4, 2020
End date: August 2, 2023
a = 4.0593
b = 0.0000
s = 0.1162
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1162) – 1
= 59.19%
December 4, 2020 calculations
Top border of price channel:
Exp(Y399)
= Exp(a + b × X399 + 2 × s)
= Exp(a + b × 576 + 2 × s)
= Exp(4.0593 + 0.0000 × 576 + 2 × 0.1162)
= Exp(4.3177)
= $75.01
Bottom border of price channel:
Exp(Y399)
= Exp(a + b × X399 – 2 × s)
= Exp(a + b × 576 – 2 × s)
= Exp(4.0593 + 0.0000 × 576 – 2 × 0.1162)
= Exp(3.8527)
= $47.12
August 2, 2023 calculations
Top border of price channel:
Exp(Y1,066)
= Exp(a + b × X1,066 + 2 × s)
= Exp(a + b × 1,547 + 2 × s)
= Exp(4.0593 + 0.0000 × 1,547 + 2 × 0.1162)
= Exp(4.3614)
= $78.37
Bottom border of price channel:
Exp(Y1,066)
= Exp(a + b × X1,066 – 2 × s)
= Exp(a + b × 1,547 – 2 × s)
= Exp(4.0593 + 0.0000 × 1,547 – 2 × 0.1162)
= Exp(3.8965)
= $49.23
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 1.66% per annum.
- MTSI price at the close of May 7, 2024 was $103.00 and was higher than the top border of the primary price channel by $23.64 (29.79%).
Secondary Trend
Start date: April 6, 2022
End date: May 7, 2024
a = 2.9716
b = 0.0009
s = 0.0866
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 36.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0866) – 1
= 41.41%
April 6, 2022 calculations
Top border of price channel:
Exp(Y735)
= Exp(a + b × X735 + 2 × s)
= Exp(a + b × 1,064 + 2 × s)
= Exp(2.9716 + 0.0009 × 1,064 + 2 × 0.0866)
= Exp(4.0619)
= $58.08
Bottom border of price channel:
Exp(Y735)
= Exp(a + b × X735 – 2 × s)
= Exp(a + b × 1,064 – 2 × s)
= Exp(2.9716 + 0.0009 × 1,064 – 2 × 0.0866)
= Exp(3.7154)
= $41.08
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.9716 + 0.0009 × 1,826 + 2 × 0.0866)
= Exp(4.7187)
= $112.02
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.9716 + 0.0009 × 1,826 – 2 × 0.0866)
= Exp(4.3722)
= $79.22
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 36.97% per annum.
- MTSI price at the close of May 7, 2024 was inside the secondary price channel.