TimesSquare Capital Management LLC Cuts Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

TimesSquare Capital Management LLC lowered its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTSI. CWM LLC grew its position in shares of MACOM Technology Solutions by 16.4% in the 3rd quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock worth $188,000 after buying an additional 238 shares during the last quarter. Creative Planning boosted its stake in MACOM Technology Solutions by 11.3% in the 3rd quarter. Creative Planning now owns 10,421 shares of the semiconductor company’s stock worth $1,159,000 after purchasing an additional 1,059 shares in the last quarter. Raymond James & Associates boosted its stake in MACOM Technology Solutions by 5.2% in the 3rd quarter. Raymond James & Associates now owns 38,917 shares of the semiconductor company’s stock worth $4,330,000 after purchasing an additional 1,924 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $66,000. Finally, Eastern Bank acquired a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $136,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Barclays lifted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Benchmark reiterated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $123.63 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of -85.85, a price-to-earnings-growth ratio of 2.41 and a beta of 1.71. The company has a 50 day moving average price of $133.47 and a 200-day moving average price of $121.25. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $82.36 and a 1-year high of $152.50.

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

Insider Activity

In related 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 value of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Kober sold 2,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total transaction of $292,702.50. Following the completion of the sale, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at approximately $6,405,501.51. The trade was a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 402,665 shares of company stock valued at $50,415,191 in the last three months. 16.30% of the stock is currently owned by corporate insiders.

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.