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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,940,000 shares, a drop of 14.9% from the February 13th total of 2,280,000 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily volume of 707,500 shares, the days-to-cover ratio is currently 2.7 days.

Insiders Place Their Bets

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the firm’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 completion of the transaction, the director now directly owns 14,031 shares of the company’s stock, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock worth $92,503,343 over the last quarter. 16.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 purchasing an additional 1,120,510 shares during the last quarter. Norges Bank purchased a new stake in MACOM Technology Solutions during the fourth quarter valued at about $82,833,000. Vanguard Group Inc. grew its stake in shares of MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after buying an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of MACOM Technology Solutions in the fourth quarter worth about $31,260,000. Finally, Westfield Capital Management Co. LP lifted its stake in shares of MACOM Technology Solutions by 21.0% in 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 acquiring an additional 210,151 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on MTSI shares. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $108.65 on Friday. MACOM Technology Solutions has a 52-week low of $90.01 and a 52-week high of $152.50. The company has a fifty day moving average of $123.13 and a 200-day moving average of $122.10. The company has a market capitalization of $8.08 billion, a P/E ratio of -75.45, a P/E/G 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) last issued its quarterly 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%. As a group, equities research analysts predict that MACOM Technology Solutions will post 2.43 EPS 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.