MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Sees Large Drop in Short Interest

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 1,940,000 shares, a decrease of 14.9% from the February 13th total of 2,280,000 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average trading volume of 707,500 shares, the days-to-cover ratio is presently 2.7 days.

MACOM Technology Solutions Trading Up 1.5 %

MACOM Technology Solutions stock traded up $1.60 during midday trading on Wednesday, reaching $108.90. 233,642 shares of the stock traded hands, compared to its average volume of 613,793. The company has a 50-day simple moving average of $124.18 and a two-hundred day simple moving average of $122.29. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The firm has a market cap of $8.10 billion, a PE ratio of -75.78, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions has a 12-month low of $88.32 and a 12-month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. Research analysts expect that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MTSI shares. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the sale, the senior vice president now owns 43,657 shares in the company, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares in the company, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 746,198 shares of company stock worth $92,503,343 over the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in MTSI. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth about $277,000. Natixis Advisors LLC raised its position in shares of MACOM Technology Solutions by 1.8% during the 3rd quarter. Natixis Advisors LLC now owns 29,025 shares of the semiconductor company’s stock worth $3,229,000 after acquiring an additional 512 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of MACOM Technology Solutions by 2.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 13,568 shares of the semiconductor company’s stock worth $1,510,000 after acquiring an additional 327 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of MACOM Technology Solutions by 7.5% during the 3rd quarter. Pathstone Holdings LLC now owns 18,553 shares of the semiconductor company’s stock worth $2,064,000 after acquiring an additional 1,294 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth about $1,577,000. 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.