MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC cut its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 199,300 shares of the semiconductor company's stock after selling 34,453 shares during the period. TimesSquare Capital Management LLC owned approximately 0.27% of MACOM Technology Solutions worth $25,891,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MTSI. Westfield Capital Management Co. LP increased its position in shares of MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock worth $134,686,000 after acquiring an additional 210,151 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company's stock worth $59,037,000 after purchasing an additional 182,058 shares during the period. The Manufacturers Life Insurance Company boosted its position in MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock worth $82,945,000 after purchasing an additional 116,090 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in MACOM Technology Solutions in the 3rd quarter valued at $11,005,000. Finally, Assenagon Asset Management S.A. purchased a new position in MACOM Technology Solutions in the third quarter valued at about $8,916,000. 76.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on MTSI. 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 note on Friday, October 25th. Barclays increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Benchmark reissued a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $131.50.

Insider Activity

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares in the company, valued at $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan Ocampo sold 300,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now directly owns 4,823,636 shares in the company, valued at $598,757,936.68. This trade represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 662,473 shares of company stock worth $82,292,578. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Stock Down 3.3 %

MTSI stock traded down $4.07 during mid-day trading on Friday, hitting $119.94. 352,272 shares of the company were exchanged, compared to its average volume of 740,402. The company has a market capitalization of $8.92 billion, a PE ratio of -83.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. The firm has a fifty day simple moving average of $133.23 and a 200 day simple moving average of $121.26. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.21 and a twelve month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. On average, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.