Lunsen Gil J. Van Sells 1,000 Shares of M/A-Com Technology Solutions Holdings Inc. (MTSI) Stock

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 on Tuesday, October 11th. The stock was sold at an average price of $42.17, for a total transaction of $42,170.00. Following the completion of the sale, the director now owns 19,916 shares of the company’s stock, valued at $839,857.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) opened at 38.56 on Tuesday. The company has a 50-day moving average of $41.52 and a 200 day moving average of $38.76. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 40.72 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 issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. M/A-Com Technology Solutions Holdings had a net margin of 10.06% and a return on equity of 14.99%. The firm had revenue of $142.30 million for the quarter, compared to analyst estimates of $140.02 million. During the same period in the previous year, the business earned $0.33 EPS. The company’s revenue was up 30.4% compared to the same quarter last year. On average, equities research analysts anticipate 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)

Large investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake 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 raised its stake 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. raised its stake 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 stake in shares of M/A-Com Technology Solutions Holdings during the second quarter valued at about $225,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of M/A-Com Technology Solutions Holdings during the second quarter valued at about $240,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

MTSI has been the subject of a number of recent research reports. Bank of America Corp. cut shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $47.00 to $38.00 in a report on Monday, June 27th. Barclays PLC restated a “buy” rating and set a $44.00 price target on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, July 28th. Zacks Investment Research cut shares of M/A-Com Technology Solutions Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Jefferies Group restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, September 8th. Finally, 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 for the company. in a report on Tuesday, September 20th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.21.

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

Receive News & Ratings for M/A-Com Technology Solutions Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/A-Com Technology Solutions Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
GoPro Planning to Cut 200 Jobs
GoPro Planning to Cut 200 Jobs
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Retailers Anticipating Strong Support for Small Business Saturday
Retailers Anticipating Strong Support for Small Business Saturday
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Disney to Build Larger Hong Kong Kingdom
Disney to Build Larger Hong Kong Kingdom


 
© 2006-2016 Ticker Report. Google+.