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 January. As of January 15th, there was short interest totalling 2,450,000 shares, a drop of 18.1% from the December 31st total of 2,990,000 shares. Based on an average trading volume of 553,600 shares, the days-to-cover ratio is currently 4.4 days. Approximately 4.1% of the company’s stock are short sold.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 25,351 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $130.05, for a total transaction of $3,296,897.55. Following the transaction, the director now directly owns 6,046,676 shares of the company’s stock, valued at approximately $786,370,213.80. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the sale, the senior vice president now owns 37,102 shares of the company’s stock, valued at approximately $4,392,134.76. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,032 shares of company stock valued at $28,080,365. 16.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MTSI. Westfield Capital Management Co. LP increased its stake in MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares during the period. Geode Capital Management LLC increased its stake 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 period. The Manufacturers Life Insurance Company lifted its holdings 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 in the last quarter. Jennison Associates LLC boosted its position in MACOM Technology Solutions by 0.5% in the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock valued at $69,172,000 after buying an additional 2,646 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of MACOM Technology Solutions by 52.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after acquiring an additional 182,058 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MTSI shares. Northland Securities boosted 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 raised their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Barclays raised their price target 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. Finally, Benchmark increased their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

MACOM Technology Solutions Trading Up 3.2 %

NASDAQ:MTSI traded up $4.03 on Thursday, reaching $130.93. The company’s stock had a trading volume of 711,154 shares, compared to its average volume of 661,625. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 126.78, a price-to-earnings-growth ratio of 2.58 and a beta of 1.71. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions has a 12-month low of $79.25 and a 12-month high of $152.50. The stock has a 50 day moving average price of $136.20 and a 200 day moving average price of $118.80.

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.