Published on 1 Dec 2023 on Insider Monkey via Yahoo Finance

MACOM Technology Solutions Holdings (MTSI) Rallied on Acquisition Announcement

Artisan Partners, an investment management company, released its “Artisan Small Cap Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, its Investor Class fund ARTSX returned -7.98%, Advisor Class fund APDSX posted a return of -7.96%, and Institutional Class fund APHSX returned -7.97%, compared to a return of -7.32% for the Russell 2000 Growth Index. From a sector perspective, allocation impacts drove the sector’s underperformance, while security selection was positive. From an allocation perspective, the portfolio was hurt by its lack of exposure to energy and overweight exposure to health care. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Artisan Small Cap Fund highlighted stocks like MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the third quarter 2023 investor letter. Headquartered in Lowell, Massachusetts, MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) designs and manufactures analog semiconductor solutions. On November 30, 2023, MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) stock closed at $83.98 per share. One-month return of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) was 11.91%, and its shares gained 22.12% of their value over the last 52 weeks. MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has a market capitalization of $5.98 billion.

Artisan Small Cap Fund made the following comment about MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in its Q3 2023 investor letter: