MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Short Interest Update

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) was the target of a significant drop in short interest during the month of 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. Approximately 4.1% of the company's shares are short sold. Based on an average daily volume of 553,600 shares, the days-to-cover ratio is currently 4.4 days.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Ambra R. Roth sold 1,366 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the sale, the senior vice president now directly owns 6,564 shares in the company, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 105,782 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the transaction, the director now directly owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. This represents a 1.76 % decrease in their position. 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 quarter. 22.75% of the stock is currently owned by insiders.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors have recently made changes to their positions in the stock. Millennium Management LLC raised its holdings in MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company's stock worth $149,214,000 after purchasing an additional 1,212,094 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of 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 raised its stake in shares of MACOM Technology Solutions by 4.8% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MACOM Technology Solutions by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company's stock valued at $110,722,000 after buying an additional 69,689 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake 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 buying an additional 116,090 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MTSI shares. Northland Securities lifted their target price 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 target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Barclays increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Finally, Benchmark boosted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.00.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI traded up $2.00 during midday trading on Friday, reaching $144.77. 305,608 shares of the company traded hands, compared to its average volume of 620,591. The stock has a 50-day moving average price of $134.37 and a 200 day moving average price of $117.18. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 140.86, a PEG 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 52 week low of $79.25 and a 52 week high of $145.95.

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.