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M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) SVP Michael T. Murphy unloaded 3,600 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $22.58, for a total value of $81,288.00. Following the completion of the sale, the senior vice president now directly owns 45,219 shares in the company, valued at approximately $1,021,045. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

MTSI has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of M/A-COM Technology Solutions Holdings from $23.00 to $24.00 in a research note on Thursday, July 31st. Separately, analysts at Needham & Company LLC raised their price target on shares of M/A-COM Technology Solutions Holdings from $22.00 to $24.00 in a research note on Thursday, July 31st. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of M/A-COM Technology Solutions Holdings in a research note on Wednesday, July 30th. They now have a $23.00 price target on the stock, up previously from $20.00. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $22.43.

Shares of M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) traded down 0.04% during mid-day trading on Wednesday, hitting $22.75. The stock had a trading volume of 141,452 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 $21.03 and a 200-day moving average of $19.65. The company’s market cap is $1.079 billion.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) last announced its earnings results on Tuesday, July 29th. The company reported $0.32 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.32. The company had revenue of $112.40 million for the quarter, compared to the consensus estimate of $110.75 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 34.6% on a year-over-year basis. On average, analysts predict that M/A-COM Technology Solutions Holdings will post $1.22 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.

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