Rainier Investment Management LLC raised its stake in shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) by 20.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 402,050 shares of the company’s stock after buying an additional 68,620 shares during the period. Rainier Investment Management LLC owned about 0.75% of M/A-Com Technology Solutions Holdings worth $13,260,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp increased 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 during the last quarter. Teacher Retirement System of Texas increased its position in shares of M/A-Com Technology Solutions Holdings by 55.4% in the second quarter. Teacher Retirement System of Texas now owns 4,041 shares of the company’s stock valued at $133,000 after buying an additional 1,441 shares during the last quarter. BlackRock Inc. increased its position in shares of M/A-Com Technology Solutions Holdings by 349.0% in the second quarter. BlackRock Inc. now owns 6,227 shares of the company’s stock valued at $206,000 after buying an additional 4,840 shares during the last quarter. LaSalle Street Capital Management LLC acquired a new position in shares of M/A-Com Technology Solutions Holdings during the second quarter valued at approximately $225,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of M/A-Com Technology Solutions Holdings during the second quarter valued at approximately $257,000. Institutional investors and hedge funds own 72.45% of the company’s stock.

Institutional Ownership by Quarter for M/A-Com Technology Solutions Holdings (NASDAQ:MTSI)

M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) traded up 4.03% on Friday, hitting $40.78. The stock had a trading volume of 326,130 shares. M/A-Com Technology Solutions Holdings Inc. has a 12 month low of $29.56 and a 12 month high of $45.46. The stock has a market cap of $2.19 billion, a PE ratio of 43.06 and a beta of 1.39. The firm’s 50 day moving average price is $39.47 and its 200-day moving average price is $38.37.

Several equities analysts have recently commented on MTSI shares. Jefferies Group restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, September 8th. 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. 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. Craig Hallum reaffirmed a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a report on Sunday, July 17th. Finally, Goldman Sachs Group Inc. cut M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Tuesday, September 20th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. M/A-Com Technology Solutions Holdings presently has a consensus rating of “Buy” and an average target price of $46.21.

In related news, SVP Michael T. Murphy sold 5,115 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $43.00, for a total value of $219,945.00. Following the transaction, the senior vice president now directly owns 34,720 shares of the company’s stock, valued at approximately $1,492,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lunsen Gil J. Van sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the transaction, the director now directly owns 21,916 shares in the company, valued at $876,640. The disclosure for this sale can be found here. 57.10% of the stock is currently owned by corporate insiders.

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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