Macom Technology Solutions Holdings, Inc. (MTSI) Files Form 4 Insider Selling : Preetinder S. Virk Sells 3,177 Shares

Macom Technology Solutions Holdings, Inc. (MTSI): Preetinder S. Virk , SVP and GM, Carrier Networks of Macom Technology Solutions Holdings, Inc. sold 3,177 shares on Jul 12, 2016. The Insider selling transaction was reported by the company on Jul 14, 2016 to the Securities and Exchange Commission. The shares were sold at $35.00 per share for a total value of $111,195.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, John Croteau (President and CEO) sold 2,000 shares at $32.65 per share price.On May 20, 2016, Preetinder S. Virk (SVP & GM, Carrier Networks) sold 778 shares at $36.07 per share price.Also, On May 20, 2016, Walter Gregory Baker (SVP & GM, RF & Microwave) sold 6,149 shares at $36.65 per share price.On May 18, 2016, Michael T. Murphy (SVP, Engineering) sold 13,121 shares at $36.32 per share price.

M/A-COM Technology Solutions Hldgs Inc: On Wednesday, Jul 13, 2016 heightened volatility was witnessed in M/A-COM Technology Solutions Hldgs Inc which led to swings in the share price. The shares opened for trading at $34.92 and hit $35.47 on the upside , eventually ending the session at $34.95, with a gain of 0.40% or 0.14 points. The heightened volatility saw the trading volume jump to 4,40,856 shares. The 52-week high of the share price is $45.46 and the company has a market cap of $1,866 M . The 52-week low of the share price is at $25.82.

M/A-COM Technology Solutions Hldgs Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.M/A-COM Technology Solutions Hldgs Inc is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 27, 2016.

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 Company’s 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.

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