TimesSquare Capital Management LLC Has $21.45 Million Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

TimesSquare Capital Management LLC increased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,722 shares of the semiconductor company's stock after buying an additional 14,422 shares during the period. TimesSquare Capital Management LLC owned 0.29% of MACOM Technology Solutions worth $21,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTSI. Opal Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the first quarter valued at approximately $25,000. Elequin Capital LP acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc raised its position in shares of MACOM Technology Solutions by 9,400.0% in the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after buying an additional 282 shares in the last quarter. Allworth Financial LP raised its position in shares of MACOM Technology Solutions by 131.3% in the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock valued at $37,000 after buying an additional 197 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $42,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO John Kober sold 2,250 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $125.65, for a total value of $282,712.50. Following the transaction, the chief financial officer owned 47,128 shares in the company, valued at $5,921,633.20. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen G. Daly sold 14,665 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $122.71, for a total transaction of $1,799,542.15. Following the transaction, the chief executive officer owned 36,327 shares in the company, valued at $4,457,686.17. This represents a 28.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 454,227 shares of company stock valued at $56,118,317 over the last quarter. Company insiders own 16.30% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on MTSI. Truist Financial boosted their price objective on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research report on Monday, July 7th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research report on Wednesday, April 9th. Stifel Nicolaus lowered their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wall Street Zen downgraded shares of MACOM Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Bank of America boosted their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $136.40.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI traded up $0.46 during midday trading on Wednesday, reaching $137.76. 597,139 shares of the company were exchanged, compared to its average volume of 664,754. The stock's 50-day moving average price is $130.05 and its 200-day moving average price is $120.90. The stock has a market cap of $10.24 billion, a P/E ratio of -112.92, a PEG ratio of 2.63 and a beta of 1.43. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. MACOM Technology Solutions's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.