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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,450,000 shares, a decline of 18.1% from the December 31st total of 2,990,000 shares. Based on an average daily volume of 553,600 shares, the short-interest ratio is currently 4.4 days. Currently, 4.1% of the shares of the company are short sold.

Insider Transactions at MACOM Technology Solutions

In other news, CFO John Kober sold 2,250 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the transaction, the chief financial officer now owns 49,239 shares in the company, valued at approximately $6,405,501.51. The trade was a 4.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total value of $177,570.00. Following the sale, the senior vice president now directly owns 37,102 shares in the company, valued at approximately $4,392,134.76. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 220,032 shares of company stock worth $28,080,365. Company insiders own 16.30% of the company's stock.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors have recently modified their holdings of MTSI. Hsbc Holdings PLC boosted its position in MACOM Technology Solutions by 36.8% during the 2nd quarter. Hsbc Holdings PLC now owns 4,230 shares of the semiconductor company's stock worth $474,000 after acquiring an additional 1,138 shares during the last quarter. AQR Capital Management LLC raised its position in MACOM Technology Solutions by 4.2% during the second quarter. AQR Capital Management LLC now owns 15,715 shares of the semiconductor company's stock valued at $1,752,000 after purchasing an additional 629 shares in the last quarter. Algert Global LLC acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at $647,000. Creative Planning increased its stake in shares of MACOM Technology Solutions by 50.0% in the 2nd quarter. Creative Planning now owns 9,362 shares of the semiconductor company's stock valued at $1,044,000 after purchasing an additional 3,119 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of MACOM Technology Solutions by 4.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company's stock worth $290,000 after buying an additional 107 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Stock Up 0.1 %

Shares of NASDAQ:MTSI traded up $0.09 during midday trading on Monday, reaching $132.34. 462,265 shares of the company were exchanged, compared to its average volume of 656,693. The firm has a market cap of $9.84 billion, a PE ratio of 128.49, a P/E/G ratio of 2.32 and a beta of 1.71. MACOM Technology Solutions has a fifty-two week low of $79.25 and a fifty-two week high of $152.50. The stock has a fifty day simple moving average of $136.09 and a two-hundred day simple moving average of $119.30. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MTSI. Barclays boosted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Benchmark upped their target price 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. Northland Securities increased their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a "market perform" rating in a report on Monday, November 11th. Finally, Piper Sandler raised their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average 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.