TimesSquare Capital Management LLC Decreases Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

TimesSquare Capital Management LLC cut its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 10.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 233,753 shares of the semiconductor company’s stock after selling 26,002 shares during the quarter. TimesSquare Capital Management LLC owned about 0.32% of MACOM Technology Solutions worth $26,007,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC lifted its position in MACOM Technology Solutions by 958.1% during the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after acquiring an additional 1,212,094 shares during the period. Hood River Capital Management LLC lifted its holdings in shares of MACOM Technology Solutions by 280.5% during the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after purchasing an additional 519,603 shares during the period. Vanguard Group Inc. boosted its position in MACOM Technology Solutions by 8.1% in the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares during the last quarter. F M Investments LLC purchased a new stake in MACOM Technology Solutions in the second quarter valued at approximately $18,817,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in MACOM Technology Solutions by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock worth $132,821,000 after buying an additional 154,066 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Down 0.9 %

Shares of MTSI opened at $137.86 on Friday. The stock has a 50 day moving average price of $110.59 and a 200 day moving average price of $106.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 140.67, a PEG ratio of 4.64 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a one year low of $72.15 and a one year high of $140.27.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the transaction, the senior vice president now directly owns 37,102 shares of the company’s stock, valued at approximately $4,392,134.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Donghyun Thomas Hwang sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total value of $177,570.00. Following the completion of the sale, the senior vice president now owns 37,102 shares of the company’s stock, valued at approximately $4,392,134.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Ocampo sold 305,395 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total value of $32,518,459.60. Following the transaction, the director now directly owns 6,550,889 shares in the company, valued at $697,538,660.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 670,896 shares of company stock valued at $71,284,378 over the last 90 days. 22.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on MTSI shares. Needham & Company LLC lifted their price objective on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Barclays increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday. Stifel Nicolaus boosted their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Piper Sandler increased their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

MACOM Technology Solutions Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.