The IBD SmartSelect Composite Rating for MACOM Tech Solutions increased from 91 to 96 Tuesday.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
MACOM Tech Solutions is not currently near a proper buy zone. Look for the stock to form and break out of a new chart pattern.
The stock earns a 96 EPS Rating, meaning its recent quarterly and annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 44% EPS gain for Q2. It has now posted accelerating EPS increases for five consecutive quarters. Revenue growth came in at 30%, down from 39% in the prior quarter.
MACOM Tech Solutions holds the No. 1 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR and Analog Devices are also among the group's highest-rated stocks.
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