During November, there was a significant decrease in the number of short positions held in MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI). As of November 15, there was a total short interest of 3,080,000 shares, but as of November 30, there was a total short interest of only 2,460,000 shares. This represents a decrease of 20.1% from the total short interest that existed on November 15. The days-to-cover ratio currently stands at 5.1 days at this time. This figure is derived from an average trading volume of 482,600 shares used in the calculation. Short sales account for approximately 4.6% of the corporation’s total number of outstanding shares.
Several stock research analysts have recently published studies on the company that they have compiled themselves. MACOM Technology Solutions was previously recommended with a “buy” rating by StockNews.com; however, in a research report published on Thursday, October 20, the website changed its recommendation to a “hold” rating. Benchmark Research downgraded their recommendation for MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report published on Monday, November 7. The research firm Needham & Stock LLC upgraded MACOM Technology Solutions from a “buy” rating to a “strong-buy” rating and raised their price objective on the stock from $62 to $68 in a report released on Friday, November 4. Piper Sandler upgraded their rating of MACOM Technology Solutions to “overweight” in a report made public on August 19. Previously, they had given the company an “underweight” rating. Only two of the market analysts polled have suggested that investors keep their existing security holdings, while seven suggested that investors purchase the stock. According to the information made available by Bloomberg, the company’s stock is currently rated as having a consensus rating of “Moderate Buy,” with an average target price of $72.09.
On Wednesday, the price of a share of MTSI stock hit a new all-time high of $70.02 per share. The debt-to-equity ratio is calculated to be 0.71, the current ratio is 8.36, and the quick ratio is calculated to be 7.18. During the past year, the share price of MACOM Technology Solutions has ranged from $42.85 to $80.30, at its highest point. The company’s stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-to-growth ratio of 1.76, and a beta of 1.98. Additionally, the company has a price-to-earnings-to-growth ratio of 1.76. The stock price has reached $62.46 on its moving average over the past 50 days, while it has reached $56.59 on its moving average over the past 200 days.
On Tuesday, December 6, the company’s Chief Executive Officer, Stephen G. Daly, sold 35,000 shares of company stock. This was reported in another piece of news. A total of $2,363,200.00 was received for the sale of the shares, which works out to a price of $67.52 per share on average. The completion of the transaction has resulted in the company’s CEO now directly owning 368,194 shares of the company. The total value of these shares is approximately $24,860,458.88. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. On Monday, October 3, Robert Dennehy, Senior Vice President of the company, sold 2,000 of the company’s shares of stock. This is other news. The stock was sold at an average price of $52.40 per share, resulting in a total value of $104,800.00. This was the result of a transaction. The senior vice president now directly owns 86,650 shares of the company as a direct consequence of the transaction that took place earlier. At the price at which they are currently trading on the market, these shares have a value of approximately $4,540,460. – – – – – – – – – in – – – – – In addition, on Tuesday, December 6, the CEO of the company, Stephen G. Daly, sold 35,000 shares of the company’s stock. It was determined that the price of each share, which was ultimately sold for $2,363,200.00, was, on average, 67.52 dollars. As a result of the successful completion of the transaction, the CEO now owns 368,194 shares in the company. The current market value of these shares is $24,860,458.88. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company sold a total of 685,846 shares of company stock with a combined value of $46,448,722 over the previous ninety days. T