Westfield Capital Management Co. LP Purchases 210,151 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Westfield Capital Management Co. LP increased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 21.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,210,547 shares of the semiconductor company's stock after acquiring an additional 210,151 shares during the period. Westfield Capital Management Co. LP owned about 1.68% of MACOM Technology Solutions worth $134,686,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CWM LLC increased its position in shares of MACOM Technology Solutions by 7.3% during the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company's stock valued at $162,000 after purchasing an additional 99 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in MACOM Technology Solutions by 4.3% during the second quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company's stock worth $290,000 after buying an additional 107 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in MACOM Technology Solutions by 6.1% during the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company's stock worth $264,000 after buying an additional 137 shares during the last quarter. Avior Wealth Management LLC raised its position in MACOM Technology Solutions by 3.4% in the third quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company's stock worth $534,000 after acquiring an additional 157 shares during the period. Finally, Chartwell Investment Partners LLC boosted its stake in MACOM Technology Solutions by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company's stock valued at $2,783,000 after acquiring an additional 199 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTSI has been the subject of several research analyst reports. Benchmark raised their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Northland Securities raised their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a "market perform" rating in a research report on Monday, November 11th. Needham & Company LLC upped their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Piper Sandler boosted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.91.

Insider Activity

In related news, CFO John Kober sold 19,470 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total value of $2,470,353.60. Following the transaction, the chief financial officer now directly owns 51,489 shares in the company, valued at approximately $6,532,924.32. This represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the sale, the senior vice president now directly owns 37,148 shares in the company, valued at $3,884,566.36. This represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 273,268 shares of company stock worth $32,128,941. 22.75% of the stock is owned by company insiders.

MACOM Technology Solutions Price Performance

MTSI stock traded up $3.17 during mid-day trading on Friday, reaching $134.50. 683,814 shares of the company traded hands, compared to its average volume of 659,462. The company has a fifty day moving average price of $116.33 and a 200-day moving average price of $108.57. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $140.27. The company has a market capitalization of $9.74 billion, a P/E ratio of 130.58, a P/E/G ratio of 2.31 and a beta of 1.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

About MACOM Technology Solutions

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.