Share on StockTwits

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) CEO John Croteau sold 3,000 shares of M/A-COM Technology Solutions Holdings stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $22.95, for a total transaction of $68,850.00. Following the transaction, the chief executive officer now directly owns 176,517 shares in the company, valued at approximately $4,051,065. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on MTSI. 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 stock. M/A-COM Technology Solutions Holdings currently has a consensus rating of “Buy” and an average target price of $20.66.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) traded up 0.44% on Thursday, hitting $22.91. The stock had a trading volume of 32,020 shares. M/A-COM Technology Solutions Holdings has a one year low of $13.20 and a one year high of $23.44. The stock has a 50-day moving average of $20.33 and a 200-day moving average of $18.3. The company’s market cap is $1.078 billion.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.24 earnings per share. M/A-COM Technology Solutions Holdings’s revenue was up 36.8% compared to the same quarter last year. On average, analysts predict that M/A-COM Technology Solutions Holdings will post $1.19 earnings per share for the current fiscal year.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.