M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) Director Lunsen Gil J. Van sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $42.17, for a total transaction of $42,170.00. Following the completion of the transaction, the director now owns 19,916 shares in the company, valued at approximately $839,857.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) opened at 39.35 on Friday. The company has a 50-day moving average of $41.67 and a 200-day moving average of $38.89. The company has a market cap of $2.11 billion, a PE ratio of 41.55 and a beta of 1.32. M/A-Com Technology Solutions Holdings Inc. has a 52 week low of $29.56 and a 52 week high of $45.46.

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

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

A number of research analysts recently commented on MTSI shares. 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 issued a $44.00 price target on shares of M/A-Com Technology Solutions Holdings in a research note on Thursday, July 28th. Needham & Company LLC reiterated 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. Craig Hallum reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Sunday, July 17th. Finally, Zacks Investment Research downgraded shares of M/A-Com Technology Solutions Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $46.21.

Several hedge funds have recently added to or reduced their stakes in MTSI. TD Asset Management Inc. raised its position in shares of M/A-Com Technology Solutions Holdings by 2.6% in the second quarter. TD Asset Management Inc. now owns 8,000 shares of the company’s stock valued at $264,000 after buying an additional 200 shares in the last quarter. Rhumbline Advisers raised its position in shares of M/A-Com Technology Solutions Holdings by 0.9% in the second quarter. Rhumbline Advisers now owns 22,943 shares of the company’s stock valued at $757,000 after buying an additional 205 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of M/A-Com Technology Solutions Holdings by 0.8% in the first quarter. Loomis Sayles & Co. L P now owns 53,721 shares of the company’s stock valued at $2,352,000 after buying an additional 435 shares in the last quarter. Fifth Third Bancorp raised its position in shares of M/A-Com Technology Solutions Holdings by 14.3% in the second quarter. Fifth Third Bancorp now owns 3,896 shares of the company’s stock valued at $128,000 after buying an additional 486 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of M/A-Com Technology Solutions Holdings by 8.8% in the second quarter. US Bancorp DE now owns 8,244 shares of the company’s stock valued at $272,000 after buying an additional 670 shares in the last quarter. Institutional investors and hedge funds own 72.13% of the company’s stock.

M/A-Com Technology Solutions Holdings Company Profile

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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