MACOM Technology Solutions Holdings, Inc. (MTSI) Short Interest Up 17.0% in November

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 9,001,086 shares, a growth of 17.0% from the November 15th total of 7,692,332 shares. Based on an average trading volume of 1,215,951 shares, the days-to-cover ratio is currently 7.4 days. Approximately 20.4% of the shares of the company are short sold.

Shares of MACOM Technology Solutions (NASDAQ:MTSI) opened at $32.87 on Friday. The company has a market capitalization of $2,037.16, a P/E ratio of 18.65, a PEG ratio of 1.56 and a beta of 1.31. MACOM Technology Solutions has a 12-month low of $29.73 and a 12-month high of $65.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The business had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. sell-side analysts anticipate that MACOM Technology Solutions will post 0.95 EPS for the current fiscal year.

A number of brokerages have issued reports on MTSI. Bank of America downgraded MACOM Technology Solutions from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 15th. Craig Hallum reissued a “buy” rating and issued a $54.00 price target on shares of MACOM Technology Solutions in a report on Tuesday, October 3rd. decreased their price target on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. Zacks Investment Research downgraded MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a report on Thursday, October 19th. Finally, decreased their price target on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.10.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $45.20, for a total value of $90,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 5,250 shares of company stock valued at $205,225 over the last three months. 42.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of MACOM Technology Solutions during the second quarter worth approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MACOM Technology Solutions by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 199 shares in the last quarter. Advisor Group Inc. increased its position in shares of MACOM Technology Solutions by 6.6% during the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 143 shares in the last quarter. BT Investment Management Ltd purchased a new stake in shares of MACOM Technology Solutions during the second quarter worth approximately $162,000. Finally, Peddock Capital Advisors LLC increased its position in shares of MACOM Technology Solutions by 1,797.5% during the second quarter. Peddock Capital Advisors LLC now owns 3,093 shares of the semiconductor company’s stock worth $172,000 after purchasing an additional 2,930 shares in the last quarter. Institutional investors and hedge funds own 88.18% of the company’s stock.

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About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

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