MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) saw a large growth in short interest during 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. Approximately 20.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,215,951 shares, the days-to-cover ratio is presently 7.4 days.

MTSI has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Barclays reduced their price target on shares of MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Jefferies Group set a $61.00 target price on shares of MACOM Technology Solutions and gave the company a “buy” rating in a report on Wednesday, October 18th. cut their target price on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of MACOM Technology Solutions in a report on Thursday, September 14th. Two investment 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. MACOM Technology Solutions has an average rating of “Hold” and an average target price of $42.10.

In other MACOM Technology Solutions news, CEO John Croteau sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.94, for a total transaction of $63,880.00. Following the completion of the transaction, the chief executive officer now directly owns 149,219 shares of the company’s stock, valued at approximately $4,766,054.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 5,250 shares of company stock valued at $205,225 over the last three months. 57.10% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP grew its stake in MACOM Technology Solutions by 20.3% in the 2nd quarter. Royce & Associates LP now owns 103,500 shares of the semiconductor company’s stock valued at $5,772,000 after acquiring an additional 17,500 shares during the period. Amalgamated Bank acquired a new stake in MACOM Technology Solutions in the 2nd quarter valued at $293,000. TD Asset Management Inc. grew its stake in MACOM Technology Solutions by 9.2% in the 2nd quarter. TD Asset Management Inc. now owns 11,900 shares of the semiconductor company’s stock valued at $664,000 after acquiring an additional 1,000 shares during the period. Legal & General Group Plc grew its stake in MACOM Technology Solutions by 30.3% in the 2nd quarter. Legal & General Group Plc now owns 15,044 shares of the semiconductor company’s stock valued at $839,000 after acquiring an additional 3,498 shares during the period. Finally, AXA grew its stake in MACOM Technology Solutions by 16.7% in the 2nd quarter. AXA now owns 63,000 shares of the semiconductor company’s stock valued at $3,514,000 after acquiring an additional 9,000 shares during the period. 88.18% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions (MTSI) opened at $31.54 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.64 and a current ratio of 4.81. The firm has a market cap of $2,041.02, a P/E ratio of 18.68, a PEG ratio of 1.57 and a beta of 1.31. MACOM Technology Solutions has a 1-year low of $29.73 and a 1-year high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $166.40 million for 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%. MACOM Technology Solutions’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. sell-side analysts anticipate that MACOM Technology Solutions will post 0.95 earnings per share for the current year.

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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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