What Smart Money Thinks of MACOM Technology Solutions Holdings Inc (MTSI)?

However, some hedge funds actually cashed in their positions entirely. It’s worth mentioning that Jacob Gottlieb’s Visium Asset Management cashed in the biggest position of all the hedgies studied by Insider Monkey, totaling about $8 million in stock. Ken Griffin’s fund, Citadel Investment Group, also cut its stock, about $3.5 million worth.

Let’s also examine hedge fund activity in other stocks similar to MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). These stocks are Triumph Group Inc (NYSE:TGI), ExlService Holdings, Inc. (NASDAQ:EXLS), Evercore Partners Inc. (NYSE:EVR), and Enbridge Energy Management, L.L.C. (NYSE:EEQ). This group of stocks’ market valuations resemble MTSI’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TGI 17 124755 0
EXLS 8 56257 -5
EVR 19 197858 0
EEQ 6 23910 1

As you can see these stocks had an average of 13 funds with bullish positions and the average amount invested in these stocks was $101 million. That figure was $56 million in MTSI’s case. Evercore Partners Inc. (NYSE:EVR) is the most popular stock in this table with 19 funds holding shares. On the other hand Enbridge Energy Management, L.L.C. (NYSE:EEQ) is the least popular one with only six bullish hedge fund positions. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Evercore Partners Inc. (NYSE:EVR) might be a better candidate to consider taking a long position in.

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Disclosure: None