M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) Chairman John L. Ocampo sold 28,000 shares of the stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $42.98, for a total transaction of $1,203,440.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) opened at 41.07 on Wednesday. The firm has a market cap of $2.20 billion, a PE ratio of 43.37 and a beta of 1.32. The company has a 50-day moving average of $41.81 and a 200 day moving average of $38.88. M/A-Com Technology Solutions Holdings Inc. has a one year low of $29.56 and a one year high of $45.46.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 business earned $142.30 million during the quarter, compared to analysts’ expectations of $140.02 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, equities research analysts expect that M/A-Com Technology Solutions Holdings Inc. will post $1.93 EPS for the current fiscal year.

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

Several hedge funds have recently modified their holdings of MTSI. Wellington Management Group LLP purchased a new stake in shares of M/A-Com Technology Solutions Holdings during the first quarter worth about $141,121,000. Jennison Associates LLC boosted its stake in shares of M/A-Com Technology Solutions Holdings by 38.3% in the second quarter. Jennison Associates LLC now owns 2,312,184 shares of the company’s stock worth $76,256,000 after buying an additional 640,827 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of M/A-Com Technology Solutions Holdings by 96.7% in the second quarter. Royal Bank of Canada now owns 1,129,296 shares of the company’s stock worth $37,245,000 after buying an additional 555,037 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of M/A-Com Technology Solutions Holdings during the second quarter worth about $14,845,000. Finally, Weatherbie Capital LLC boosted its stake in shares of M/A-Com Technology Solutions Holdings by 113.7% in the second quarter. Weatherbie Capital LLC now owns 688,043 shares of the company’s stock worth $22,692,000 after buying an additional 366,092 shares during the last quarter. Institutional investors and hedge funds own 72.13% of the company’s stock.

Several analysts have recently issued reports on MTSI shares. Jefferies Group reissued a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, September 8th. Goldman Sachs Group Inc. cut shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research report on Tuesday, September 20th. Bank of America Corp. cut shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and reduced their target price for the company from $47.00 to $38.00 in a report on Monday, June 27th. Barclays PLC reaffirmed a “buy” rating and issued a $44.00 target price on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, July 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 target price on shares of M/A-Com Technology Solutions Holdings in a report on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently 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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