M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) SVP Walter Gregory Baker sold 3,341 shares of the stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $141,457.94. Following the transaction, the senior vice president now directly owns 17,550 shares of the company’s stock, valued at $743,067. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) opened at 40.69 on Wednesday. M/A-Com Technology Solutions Holdings Inc. has a 52-week low of $27.34 and a 52-week high of $45.46. The stock has a 50 day moving average of $40.89 and a 200 day moving average of $38.98. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 42.97 and a beta of 1.33.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.51 EPS for the quarter, meeting the Thomson Reuters’ 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 business earned $142.30 million during the quarter, compared to analyst estimates of $140.02 million. During the same period in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was up 30.4% on a year-over-year basis. On average, analysts predict that M/A-Com Technology Solutions Holdings Inc. will post $1.93 EPS for the current fiscal year.

MTSI has been the subject of several analyst reports. Bank of America Corp. cut shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and cut their price target for the stock from $47.00 to $38.00 in a report on Monday, June 27th. Barclays PLC reissued 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 reissued a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, September 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $49.00 price target on shares of M/A-Com Technology Solutions Holdings in a report on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. M/A-Com Technology Solutions Holdings presently has a consensus rating of “Buy” and an average price target of $46.21.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GW&K Investment Management LLC acquired a new position in M/A-Com Technology Solutions Holdings during the first quarter valued at approximately $23,658,000. Franklin Resources Inc. raised its position in M/A-Com Technology Solutions Holdings by 45.6% in the first quarter. Franklin Resources Inc. now owns 2,116,423 shares of the company’s stock worth $92,678,000 after buying an additional 663,171 shares during the last quarter. BlackRock Group LTD raised its position in M/A-Com Technology Solutions Holdings by 11.4% in the first quarter. BlackRock Group LTD now owns 71,018 shares of the company’s stock worth $3,109,000 after buying an additional 7,254 shares during the last quarter. TimesSquare Capital Management LLC raised its position in M/A-Com Technology Solutions Holdings by 13.2% in the first quarter. TimesSquare Capital Management LLC now owns 1,676,095 shares of the company’s stock worth $73,396,000 after buying an additional 195,895 shares during the last quarter. Finally, Blue Rock Advisors LLC purchased a new position in M/A-Com Technology Solutions Holdings during the first quarter worth about $200,000. 72.13% of the stock is owned by institutional investors and hedge funds.

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 Analyst Ratings Network's FREE daily email newsletter.