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M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) SVP Michael T. Murphy sold 5,989 shares of the stock on the open market in a transaction dated Monday, June 16th. The shares were sold at an average price of $21.98, for a total transaction of $131,638.22. Following the sale, the senior vice president now directly owns 45,098 shares in the company, valued at approximately $991,254. 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 (NASDAQ:MTSI) traded down 1.04% during mid-day trading on Wednesday, hitting $22.78. The stock had a trading volume of 154,591 shares. M/A-COM Technology Solutions Holdings has a 1-year low of $13.20 and a 1-year high of $23.25. The stock’s 50-day moving average is $18.53 and its 200-day moving average is $17.78. The company’s market cap is $1.072 billion.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $107.80 million for the quarter, compared to the consensus estimate of $104.98 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. On average, analysts predict that M/A-COM Technology Solutions Holdings will post $1.19 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on MTSI shares. Analysts at Raymond James reiterated an “outperform” rating on shares of M/A-COM Technology Solutions Holdings in a research note on Tuesday, April 29th. They now have a $20.00 price target on the stock. Analysts at Zacks downgraded shares of M/A-COM Technology Solutions Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $23.60 price target on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. M/A-COM Technology Solutions Holdings presently has an average rating of “Buy” and a consensus target price of $20.66.

M/A-COM Technology Solutions Holdings, Inc (NASDAQ:MTSI) is a provider of high-performance analog semiconductor solutions for uses in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum.

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