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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) was the recipient of a significant 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. Based on an average trading volume of 553,600 shares, the days-to-cover ratio is presently 4.4 days. Currently, 4.1% of the company’s stock are short sold.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded up $2.64 during trading hours on Friday, reaching $145.41. 438,142 shares of the stock were exchanged, compared to its average volume of 518,219. The stock has a market cap of $10.53 billion, a P/E ratio of 141.18, a P/E/G ratio of 2.33 and a beta of 1.71. The firm’s 50 day moving average is $134.52 and its 200 day moving average is $117.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. MACOM Technology Solutions has a 52-week low of $79.25 and a 52-week high of $145.95.

Analysts Set New Price Targets

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

Insider Activity at MACOM Technology Solutions

In related news, CEO Stephen G. Daly sold 7,122 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $112.53, for a total value of $801,438.66. Following the completion of the sale, the chief executive officer now directly owns 55,826 shares of the company’s stock, valued at $6,282,099.78. The trade was a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the transaction, the senior vice president now owns 6,564 shares of the company’s stock, valued at $912,855.48. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 227,212 shares of company stock valued at $28,778,424 over the last quarter. 22.75% of the stock is owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in 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 period. EP Wealth Advisors LLC grew its holdings in MACOM Technology Solutions by 4.3% during the second quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock worth $290,000 after acquiring an additional 107 shares during the period. Verdence Capital Advisors LLC raised its position in MACOM Technology Solutions by 6.1% in the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 137 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in MACOM Technology Solutions by 3.4% in the third quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock valued at $534,000 after acquiring an additional 157 shares during the period. Finally, Chartwell Investment Partners LLC boosted its position in shares of MACOM Technology Solutions by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock worth $2,783,000 after purchasing an additional 199 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.