MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Short Interest Down 18.1% in December

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) saw 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 daily 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.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $142.77 on Friday. The company’s 50 day simple moving average is $134.37 and its two-hundred day simple moving average is $117.18. The stock has a market capitalization of $10.34 billion, a PE ratio of 138.61, a P/E/G 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. MACOM Technology Solutions has a 1 year low of $79.25 and a 1 year high of $144.80.

Insider Activity

In other news, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the transaction, the senior vice president now owns 6,564 shares in the company, valued at $912,855.48. The trade was a 17.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Ocampo sold 105,782 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $123.67, for a total value of $13,082,059.94. Following the sale, the director now directly owns 5,914,008 shares of the company’s stock, valued at $731,385,369.36. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 227,212 shares of company stock worth $28,778,424 over the last 90 days. 22.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. raised its holdings in shares of MACOM Technology Solutions by 46.2% in the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock valued at $7,672,000 after acquiring an additional 21,786 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after purchasing an additional 210,151 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after purchasing an additional 116,090 shares during the last quarter. Algert Global LLC grew its stake in MACOM Technology Solutions by 103.6% in the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock worth $1,315,000 after buying an additional 6,015 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of MACOM Technology Solutions by 958.1% in 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. Institutional investors own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MTSI. 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 research report on Friday, October 25th. Northland Securities increased 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 research report on Monday, November 11th. Barclays raised their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Benchmark upped their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research 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 company. According to data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

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.