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

TimesSquare Capital Management LLC lessened its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Millennium Management LLC raised its holdings in MACOM Technology Solutions by 958.1% in the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company's stock valued at $149,214,000 after buying an additional 1,212,094 shares during the period. Hood River Capital Management LLC lifted its stake in 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 in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 in the last quarter. F M Investments LLC purchased a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at $18,817,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in MACOM Technology Solutions by 12.5% during 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 acquiring an additional 154,066 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the transaction, the senior vice president now owns 37,148 shares of the company's stock, valued at approximately $3,884,566.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 37,148 shares of the company's stock, valued at approximately $3,884,566.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert Dennehy sold 6,683 shares of MACOM Technology Solutions stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total transaction of $713,610.74. Following the completion of the transaction, the senior vice president now owns 26,396 shares in the company, valued at approximately $2,818,564.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 670,896 shares of company stock valued at $71,284,378 over the last ninety days. Insiders own 22.75% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MTSI. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Stifel Nicolaus upped their price target on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Benchmark lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a research note on Friday. Finally, Piper Sandler boosted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and an average price target of $128.00.

MACOM Technology Solutions Stock Down 0.9 %

MTSI stock traded down $1.28 during midday trading on Friday, reaching $137.86. 1,071,352 shares of the company were exchanged, compared to its average volume of 423,936. The stock's 50-day simple moving average is $110.59 and its 200 day simple moving average is $106.63. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $72.15 and a 1-year high of $140.27. 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 company has a market cap of $9.95 billion, a price-to-earnings ratio of 140.67, a price-to-earnings-growth ratio of 4.64 and a beta of 1.69.

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.