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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 2,450,000 shares, a drop of 18.1% from the December 15th total of 2,990,000 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily volume of 553,600 shares, the days-to-cover ratio is presently 4.4 days.

Insider Activity

In other news, CEO Stephen G. Daly sold 4,742 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $118.32, for a total value of $561,073.44. Following the completion of the transaction, the chief executive officer now owns 65,577 shares in the company, valued at $7,759,070.64. This trade represents a 6.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 25,351 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total transaction of $3,296,897.55. Following the completion of the transaction, the director now owns 6,046,676 shares of the company’s stock, valued at $786,370,213.80. This represents a 0.42 % 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. 22.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds have recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $36,000. Quarry LP purchased a new position in shares of MACOM Technology Solutions during the 3rd quarter worth about $57,000. Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions during the 3rd quarter worth about $66,000. Finally, GAMMA Investing LLC lifted its holdings in shares of MACOM Technology Solutions by 75.4% during the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock worth $91,000 after acquiring an additional 353 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTSI has been the subject of a number of research analyst reports. Piper Sandler increased their price target 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. Barclays increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Benchmark increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Northland Securities increased their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $142.77 on Friday. MACOM Technology Solutions has a 12-month low of $79.25 and a 12-month high of $144.80. The stock has a market capitalization of $10.34 billion, a P/E ratio of 138.61, a P/E/G ratio of 2.33 and a beta of 1.71. The firm’s 50-day moving average is $134.37 and its two-hundred day moving average is $117.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

MACOM Technology Solutions Company Profile

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.