M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) CEO John Croteau sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $42.11, for a total value of $84,220.00. Following the transaction, the chief executive officer now owns 120,306 shares of the company’s stock, valued at $5,066,085.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

John Croteau also recently made the following trade(s):

  • On Monday, August 1st, John Croteau sold 2,000 shares of M/A-Com Technology Solutions Holdings stock. The shares were sold at an average price of $39.78, for a total value of $79,560.00.

Shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) opened at 43.53 on Friday. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 45.97 and a beta of 1.32. The company’s 50-day moving average price is $41.64 and its 200 day moving average price is $38.91. M/A-Com Technology Solutions Holdings Inc. has a 12-month low of $29.56 and a 12-month high of $45.46.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.51 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. M/A-Com Technology Solutions Holdings had a return on equity of 14.99% and a net margin of 10.06%. The company had revenue of $142.30 million for the quarter, compared to the consensus estimate of $140.02 million. During the same quarter in the prior year, the business earned $0.33 EPS. M/A-Com Technology Solutions Holdings’s revenue was up 30.4% on a year-over-year basis. On average, equities analysts predict that M/A-Com Technology Solutions Holdings Inc. will post $1.93 earnings per share for the current year.

Insider Buying and Selling by Quarter for M/A-Com Technology Solutions Holdings (NASDAQ:MTSI)

Large investors have recently modified their holdings of the company. GW&K Investment Management LLC increased its stake in shares of M/A-Com Technology Solutions Holdings by 57.0% in the second quarter. GW&K Investment Management LLC now owns 848,321 shares of the company’s stock valued at $27,978,000 after buying an additional 308,072 shares during the period. BlackRock Group LTD increased its stake in shares of M/A-Com Technology Solutions Holdings by 11.4% in the first quarter. BlackRock Group LTD now owns 71,018 shares of the company’s stock valued at $3,109,000 after buying an additional 7,254 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of M/A-Com Technology Solutions Holdings by 1,719.5% in the first quarter. UBS Asset Management Americas Inc. now owns 196,504 shares of the company’s stock valued at $8,605,000 after buying an additional 185,704 shares during the period. First Republic Investment Management Inc. increased its stake in shares of M/A-Com Technology Solutions Holdings by 62.4% in the first quarter. First Republic Investment Management Inc. now owns 18,628 shares of the company’s stock valued at $816,000 after buying an additional 7,156 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of M/A-Com Technology Solutions Holdings during the first quarter valued at $141,121,000. Institutional investors own 72.13% of the company’s stock.

A number of brokerages recently issued reports on MTSI. Goldman Sachs Group Inc. downgraded M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Tuesday, September 20th. Jefferies Group reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Thursday, September 8th. Barclays PLC reiterated a “buy” rating and set a $44.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research note on Thursday, July 28th. Needham & Company LLC restated a “buy” rating and issued a $49.00 price target on shares of M/A-Com Technology Solutions Holdings in a research note on Wednesday, July 27th. Finally, Craig Hallum restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Sunday, July 17th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.21.

About M/A-Com Technology Solutions Holdings

MACOM Technology Solutions Holdings, Inc, formerly M/A-COM Technology Solutions Holdings, Inc, is a provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum. The Company operates through semiconductors and modules segment.

5 Day Chart for NASDAQ:MTSI

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