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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,450,000 shares, a decrease 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 shares of the company are sold short.

MACOM Technology Solutions Trading Up 1.3 %

MTSI opened at $142.77 on Friday. The company has a market cap of $10.34 billion, a P/E ratio of 138.61, a PEG ratio of 2.33 and a beta of 1.71. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $134.37 and its 200-day moving average is $117.18. MACOM Technology Solutions has a 1-year low of $79.25 and a 1-year high of $144.80.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Benchmark boosted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler upped their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Northland Securities boosted their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

Insider Activity

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 4,742 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $118.32, for a total value of $561,073.44. Following the transaction, the chief executive officer now directly owns 65,577 shares of the company’s stock, valued at $7,759,070.64. This represents a 6.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now directly owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 227,212 shares of company stock valued at $28,778,424 over the last ninety days. 22.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UMB Bank n.a. grew its holdings in MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of MACOM Technology Solutions in the 4th quarter worth about $36,000. Quarry LP acquired a new position in MACOM Technology Solutions in the third quarter valued at approximately $57,000. Allspring Global Investments Holdings LLC acquired a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at $66,000. Finally, GAMMA Investing LLC raised its stake in MACOM Technology Solutions by 75.4% during the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock worth $91,000 after buying an additional 353 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.