MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Short Interest Update

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 2,450,000 shares, a decline of 18.1% from the December 15th total of 2,990,000 shares. Based on an average trading volume of 553,600 shares, the short-interest ratio is currently 4.4 days. Approximately 4.1% of the company’s stock are sold short.

Insiders Place Their Bets

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 7,122 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $112.53, for a total transaction of $801,438.66. Following the completion of the transaction, the chief executive officer now owns 55,826 shares in the company, valued at $6,282,099.78. The trade was a 11.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John Kober sold 2,250 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total transaction of $292,702.50. Following the transaction, the chief financial officer now owns 49,239 shares of the company’s stock, valued at $6,405,501.51. This trade represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 227,212 shares of company stock worth $28,778,424 in the last 90 days. Corporate insiders own 22.75% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of large investors have recently bought and sold shares of the company. Millennium Management LLC raised its position in MACOM Technology Solutions by 958.1% during the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after buying an additional 1,212,094 shares during the last quarter. Westfield Capital Management Co. LP raised its position in MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after buying an additional 210,151 shares during the last quarter. Geode Capital Management LLC raised its position in MACOM Technology Solutions by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock worth $113,044,000 after buying an additional 46,812 shares during the last quarter. Dimensional Fund Advisors LP raised its position in MACOM Technology Solutions by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock worth $110,722,000 after buying an additional 69,689 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after buying an additional 116,090 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Up 1.3 %

MTSI stock opened at $142.77 on Friday. The company has a fifty day moving average price of $134.37 and a 200 day moving average price of $117.18. MACOM Technology Solutions has a 12 month low of $79.25 and a 12 month high of $144.80. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 138.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

Analyst Ratings Changes

MTSI has been the subject of several research analyst reports. Northland Securities upped their target price on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Benchmark upped their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler upped their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Barclays upped their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.