MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Sees Large Increase in Short Interest

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

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $125.35, for a total value of $5,737,645.55. Following the sale, the director now directly owns 5,509,746 shares in the company, valued at $690,646,661.10. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Geoffrey G. Ribar sold 6,656 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the transaction, the director now directly owns 14,031 shares in the company, valued at $1,706,309.91. This represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 743,064 shares of company stock worth $91,879,525 over the last 90 days. 16.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of MACOM Technology Solutions in the third quarter worth $111,000. Tidal Investments LLC grew its holdings in MACOM Technology Solutions by 16.8% during the 3rd quarter. Tidal Investments LLC now owns 15,071 shares of the semiconductor company's stock worth $1,677,000 after acquiring an additional 2,169 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of MACOM Technology Solutions by 2.6% in the 3rd quarter. Retirement Systems of Alabama now owns 99,555 shares of the semiconductor company's stock worth $11,076,000 after purchasing an additional 2,517 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of MACOM Technology Solutions by 42.5% in the 4th quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company's stock valued at $152,000 after purchasing an additional 349 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of MACOM Technology Solutions during the fourth quarter worth about $201,000. Institutional investors and hedge funds own 76.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Truist Financial initiated coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 target price on the stock. Barclays cut their price target on MACOM Technology Solutions from $160.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, MACOM Technology Solutions has an average rating of "Moderate Buy" and an average target price of $128.64.

MACOM Technology Solutions Stock Up 5.6 %

NASDAQ:MTSI traded up $6.32 during mid-day trading on Thursday, hitting $119.69. The company had a trading volume of 1,931,385 shares, compared to its average volume of 671,005. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions has a 1 year low of $84.00 and a 1 year high of $152.50. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of -83.11, a PEG ratio of 2.42 and a beta of 1.36. The business has a fifty day simple moving average of $103.30 and a 200-day simple moving average of $120.78.

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

About MACOM Technology Solutions

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.