M/A-COM Technology Solutions Hldgs Inc (MTSI) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.44. The company posted revenue of $133.60 million in the period, compared to analysts expectations of $130.01 million. The company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on M/A-COM Technology Solutions Hldgs Inc. Company shares were Reiterated by Barclays on Mar 11, 2016 to “Overweight”, Firm has raised the Price Target to $ 44 from a previous price target of $41 .M/A-COM Technology Solutions Hldgs Inc was Resumed by Goldman to “Buy” on Feb 3, 2016.
M/A-COM Technology Solutions Hldgs Inc opened for trading at $39.68 and hit $40.88 on the upside on Friday, eventually ending the session at $40.49, with a gain of 1.33% or 0.53 points. The heightened volatility saw the trading volume jump to 4,69,451 shares. Company has a market cap of $2,150 M.
In a different news, on Apr 11, 2016, Susan Ocampo (Chairman) sold 10,000 shares at $42.22 per share price. According to the SEC, on Apr 5, 2016, Donghyun Thomas Hwang (SVP, Global Sales) sold 4,534 shares at $45.00 per share price. On Mar 23, 2016, Walter Gregory Baker (SVP & GM, RF & Microwave) sold 5,000 shares at $42.73 per share price, according to the Form-4 filing with the securities and exchange commission.
M/A-COM Technology Solutions Holdings Inc. is a supplier of analog semiconductor solutions for use in wireless and wireline applications across the radio microwave and millimeter wave spectrum. The Companys semiconductor products are electronic components which includes point-to-point wireless backhaul radios radar automobile navigation systems digital cable television (CATV) set-top boxes magnetic resonance imaging systems and unmanned aerial vehicles. The Company operates in four markets: Networks which includes CATV cellular backhaul cellular infrastructure and fiber optic applications; Aerospace and Defense; Automotive which includes global positioning system modules sold to the automotive industry; and Multi-market which includes industrial medical mobile communications and scientific applications. The Company serves systems manufacturers OEMs contract manufacturers and distributors.