M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) fell 3.6% during mid-day trading on Tuesday . The stock traded as low as $40.48 and last traded at $40.95, with a volume of 299,275 shares traded. The stock had previously closed at $42.46.

Several brokerages have issued reports on MTSI. Goldman Sachs Group Inc. downgraded shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research report on Tuesday. Jefferies Group restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, September 8th. Barclays PLC restated a “buy” rating and set a $44.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, July 28th. Needham & Company LLC restated a “buy” rating and set a $49.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research report on Wednesday, July 27th. Finally, Craig Hallum restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Sunday, July 17th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. M/A-Com Technology Solutions Holdings has a consensus rating of “Buy” and an average price target of $46.21.

The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 42.97 and a beta of 1.33. The stock’s 50-day moving average price is $40.87 and its 200 day moving average price is $38.99.

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M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 the consensus estimate of $140.02 million. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. Equities analysts anticipate that M/A-Com Technology Solutions Holdings Inc. will post $1.93 EPS for the current fiscal year.

In other news, Chairman John L. Ocampo sold 144,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $42.73, for a total transaction of $6,153,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lunsen Gil J. Van sold 1,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the transaction, the director now directly owns 21,916 shares of the company’s stock, valued at $876,640. The disclosure for this sale can be found here. 57.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in M/A-Com Technology Solutions Holdings by 96.7% in the second quarter. Royal Bank of Canada now owns 1,129,296 shares of the company’s stock worth $37,245,000 after buying an additional 555,037 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in M/A-Com Technology Solutions Holdings by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 73,205 shares of the company’s stock worth $2,415,000 after buying an additional 1,278 shares in the last quarter. American Century Companies Inc. increased its position in M/A-Com Technology Solutions Holdings by 64.6% in the second quarter. American Century Companies Inc. now owns 137,747 shares of the company’s stock worth $4,543,000 after buying an additional 54,067 shares in the last quarter. Highbridge Capital Management LLC bought a new position in M/A-Com Technology Solutions Holdings during the second quarter worth $240,000. Finally, Cubist Systematic Strategies LLC increased its position in M/A-Com Technology Solutions Holdings by 276.8% in the second quarter. Cubist Systematic Strategies LLC now owns 20,786 shares of the company’s stock worth $686,000 after buying an additional 15,269 shares in the last quarter. 72.39% of the stock is owned by hedge funds and other institutional investors.

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

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