M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) Chairman John L. Ocampo sold 149,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $45.11, for a total value of $6,721,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) traded up 5.39% during midday trading on Wednesday, hitting $47.87. The stock had a trading volume of 954,667 shares. The firm has a 50-day moving average price of $40.26 and a 200-day moving average price of $38.61. M/A-Com Technology Solutions Holdings Inc. has a 1-year low of $29.56 and a 1-year high of $47.91. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 1994.58 and a beta of 1.39.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.02. M/A-Com Technology Solutions Holdings had a net margin of 0.26% and a return on equity of 17.23%. The company had revenue of $152.70 million for the quarter. During the same period in the previous year, the business earned $0.34 EPS. The business’s revenue was up 35.6% on a year-over-year basis. On average, equities analysts anticipate that M/A-Com Technology Solutions Holdings Inc. will post $2.56 EPS for the current fiscal year.

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

MTSI has been the subject of a number of recent analyst reports. Jefferies Group reaffirmed 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 price objective on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research report on Wednesday, July 27th. Stifel Nicolaus lifted their price objective on M/A-Com Technology Solutions Holdings from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, November 16th. Finally, 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 report on Tuesday, September 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. M/A-Com Technology Solutions Holdings has an average rating of “Buy” and a consensus target price of $46.39.

Several large investors have recently made changes to their positions in the stock. Jennison Associates LLC increased 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 period. Royal Bank of Canada raised its stake in 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 acquired a new stake in M/A-Com Technology Solutions Holdings during the second quarter worth about $14,845,000. Weatherbie Capital LLC raised its stake in 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. Finally, Vanguard Group Inc. raised its stake in M/A-Com Technology Solutions Holdings by 19.8% in the second quarter. Vanguard Group Inc. now owns 2,137,938 shares of the company’s stock worth $70,509,000 after buying an additional 353,403 shares during the last quarter. Institutional investors own 73.27% of the company’s stock.

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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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