Westfield Capital Management Co. LP Sells 18,782 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Westfield Capital Management Co. LP decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 441,270 shares of the semiconductor company’s stock after selling 18,782 shares during the quarter. Westfield Capital Management Co. LP owned 0.61% of MACOM Technology Solutions worth $42,203,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Riverview Trust Co purchased a new stake in shares of MACOM Technology Solutions in the first quarter valued at approximately $47,000. Harvest Fund Management Co. Ltd acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at $69,000. Fidelis Capital Partners LLC acquired a new position in shares of MACOM Technology Solutions in the 1st quarter valued at $77,000. Hennessy Advisors Inc. acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at $129,000. Finally, International Assets Investment Management LLC acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at $156,000. Institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $135.00 price target (up from $100.00) on shares of MACOM Technology Solutions in a research report on Monday, May 13th. Evercore ISI assumed coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price target on the stock. Benchmark increased their price target on MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Craig Hallum increased their price target on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Stifel Nicolaus increased their price target on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.00.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock traded down $0.68 on Friday, hitting $104.27. The company’s stock had a trading volume of 532,279 shares, compared to its average volume of 1,007,449. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.70 and a current ratio of 7.34. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $64.13 and a 1 year high of $118.76. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 118.49, a price-to-earnings-growth ratio of 5.33 and a beta of 1.70. The firm has a fifty day moving average price of $106.36 and a 200-day moving average price of $97.10.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.05). MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The firm had revenue of $181.23 million during the quarter, compared to analyst estimates of $180.97 million. As a group, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 161,140 shares of MACOM Technology Solutions stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $102.88, for a total value of $16,578,083.20. Following the sale, the director now directly owns 7,328,664 shares in the company, valued at approximately $753,972,952.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Susan Ocampo sold 161,140 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $102.88, for a total transaction of $16,578,083.20. Following the transaction, the director now directly owns 7,328,664 shares in the company, valued at approximately $753,972,952.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO John Kober sold 13,666 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total value of $1,407,324.68. Following the completion of the transaction, the chief financial officer now owns 47,006 shares in the company, valued at $4,840,677.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 533,427 shares of company stock worth $54,860,618. Insiders own 22.75% of the company’s stock.

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.