MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Short Interest Down 14.9% in February

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) was the target 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. Based on an average trading volume of 707,500 shares, the short-interest ratio is presently 2.7 days. Currently, 3.1% of the shares of the company are short sold.

Insider Activity at MACOM Technology Solutions

In related news, CFO John Kober sold 2,250 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total transaction of $292,702.50. Following the sale, the chief financial officer now owns 49,239 shares in the company, valued at $6,405,501.51. The trade was a 4.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan Ocampo sold 97,527 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the transaction, the director now directly owns 4,689,225 shares of the company's stock, valued at $581,839,038. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 746,198 shares of company stock worth $92,503,343. Corporate insiders own 16.30% of the company's stock.

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Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MTSI. Vanguard Group Inc. grew its position in MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock worth $846,656,000 after acquiring an additional 368,979 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in MACOM Technology Solutions by 38.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after buying an additional 1,120,510 shares during the period. Westfield Capital Management Co. LP increased its holdings in MACOM Technology Solutions by 21.0% during the 3rd 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 during the period. Geode Capital Management LLC lifted its stake in MACOM Technology Solutions by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock worth $132,882,000 after acquiring an additional 6,784 shares during the period. Finally, Millennium Management LLC increased its position in shares of MACOM Technology Solutions by 14.8% during the fourth quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock valued at $110,513,000 after buying an additional 109,529 shares during the period. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI traded down $1.76 during trading on Friday, reaching $106.89. The company's stock had a trading volume of 1,515,497 shares, compared to its average volume of 619,787. MACOM Technology Solutions has a 12 month low of $90.01 and a 12 month high of $152.50. The firm has a 50 day moving average of $122.61 and a 200-day moving average of $122.26. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of -74.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its earnings results 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 positive return on equity of 12.42% and a negative net margin of 13.05%. Research analysts expect that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MTSI. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $131.50.

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.