MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 13,681,154 shares, an increase of 12.3% from the February 15th total of 12,181,976 shares. Based on an average daily trading volume, of 1,280,710 shares, the short-interest ratio is presently 10.7 days. Approximately 48.5% of the company’s shares are sold short.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $35.05, for a total transaction of $70,100.00. Following the sale, the insider now owns 147,219 shares in the company, valued at approximately $5,160,025.95. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Robert Dennehy acquired 10,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were bought at an average price of $20.43 per share, for a total transaction of $204,300.00. Following the acquisition, the senior vice president now owns 66,556 shares in the company, valued at approximately $1,359,739.08. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 2,750 shares of company stock worth $91,765. Corporate insiders own 32.20% of the company’s stock.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. GW&K Investment Management LLC grew its stake in shares of MACOM Technology Solutions by 4.8% in the 4th quarter. GW&K Investment Management LLC now owns 763,034 shares of the semiconductor company’s stock valued at $24,829,000 after buying an additional 35,084 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $802,000. Cramer Rosenthal Mcglynn LLC grew its stake in shares of MACOM Technology Solutions by 45.6% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 950,052 shares of the semiconductor company’s stock valued at $42,382,000 after buying an additional 297,456 shares in the last quarter. Jennison Associates LLC grew its stake in shares of MACOM Technology Solutions by 3.2% in the 3rd quarter. Jennison Associates LLC now owns 2,140,833 shares of the semiconductor company’s stock valued at $95,503,000 after buying an additional 65,664 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of MACOM Technology Solutions by 122.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock valued at $280,034,000 after buying an additional 3,457,245 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. BidaskClub upgraded MACOM Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday. Piper Jaffray Companies initiated coverage on MACOM Technology Solutions in a report on Monday, February 26th. They issued a “neutral” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, November 15th. dropped their target price on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, November 15th. Finally, dropped their target price on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $36.77.

MACOM Technology Solutions (NASDAQ:MTSI) opened at $23.31 on Monday. The firm has a market capitalization of $1,501.30, a PE ratio of -6.62 and a beta of 1.43. MACOM Technology Solutions has a twelve month low of $17.84 and a twelve month high of $65.99. The company has a quick ratio of 4.00, a current ratio of 5.70 and a debt-to-equity ratio of 0.89.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The business had revenue of $130.93 million during the quarter, compared to analyst estimates of $132.91 million. MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. MACOM Technology Solutions’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. sell-side analysts forecast that MACOM Technology Solutions will post -0.06 earnings per share for the current fiscal year.

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MACOM Technology Solutions Company Profile

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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