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

TimesSquare Capital Management LLC decreased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 14.7% during the 4th quarter, HoldingsChannel reports. The fund owned 199,300 shares of the semiconductor company’s stock after selling 34,453 shares during the quarter. TimesSquare Capital Management LLC’s holdings in MACOM Technology Solutions were worth $25,891,000 at the end of the most recent quarter.

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

MACOM Technology Solutions Price Performance

MTSI stock opened at $123.63 on Thursday. The company has a market capitalization of $9.19 billion, a P/E ratio of -85.85, a PEG ratio of 2.41 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $82.36 and a twelve month high of $152.50. The business has a 50 day simple moving average of $133.47 and a 200-day simple moving average of $121.25. 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 (NASDAQ:MTSI) last issued its quarterly 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 positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

MTSI has been the topic of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Barclays increased their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Piper Sandler increased their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, 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. 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’s stock. According to MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 286,635 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $123.31, for a total value of $35,344,961.85. Following the completion of the sale, the director now owns 5,123,636 shares of the company’s stock, valued at approximately $631,795,555.16. This trade represents a 5.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ambra R. Roth sold 1,366 shares of the firm’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 transaction, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 402,665 shares of company stock valued at $50,415,191. 16.30% of the stock is owned by company 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.