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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,410,000 shares, a growth of 22.3% from the March 31st total of 1,970,000 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average trading volume of 818,400 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analyst Weigh In

Several analysts recently commented on MTSI shares. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price target for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Barclays lowered their target price on MACOM Technology Solutions from $160.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus cut their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Bank of America reduced their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $128.64.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI traded down $2.31 during midday trading on Tuesday, hitting $111.42. 107,414 shares of the stock were exchanged, compared to its average volume of 662,046. MACOM Technology Solutions has a one year low of $84.00 and a one year high of $152.50. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $103.17 and a two-hundred day moving average price of $120.87. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of -77.43, a P/E/G ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts predict that MACOM Technology Solutions will post 2.43 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the completion of the sale, the senior vice president now directly owns 35,603 shares of the company's stock, valued at approximately $3,560,300. The trade was a 15.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey G. Ribar sold 6,656 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares in the company, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 743,064 shares of company stock worth $91,879,525. Company insiders own 16.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Elequin Capital LP acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at $26,000. UMB Bank n.a. boosted its holdings in shares of MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after buying an additional 101 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the first quarter worth about $25,000. Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $33,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $35,000. Institutional investors own 76.14% of the company's stock.

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.