M/A-COM Technology Solutions Hldgs Inc (MTSI) : Summit Partners L P reduced its stake in M/A-COM Technology Solutions Hldgs Inc by 57.92% during the most recent quarter end. The investment management company now holds a total of 2,615,938 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $105,893,170 after selling 3,600,000 shares in M/A-COM Technology Solutions Hldgs Inc , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.M/A-COM Technology Solutions Hldgs Inc makes up approximately 63.39% of Summit Partners L P’s portfolio.
M/A-COM Technology Solutions Hldgs Inc opened for trading at $39.6 and hit $40.07 on the upside on Wednesday, eventually ending the session at $39.96, with a gain of 1.16% or 0.46 points. The heightened volatility saw the trading volume jump to 5,02,581 shares. Company has a market cap of $2,122 M.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in MTSI during the most recent quarter. The investment firm sold 395 shares of MTSI which is valued $15,990.Creative Planning boosted its stake in MTSI in the latest quarter, The investment management firm added 293 additional shares and now holds a total of 693 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $28,669.
On the company’s financial health, M/A-COM Technology Solutions Hldgs Inc reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.39. The company had revenue of $115.77 million for the quarter, compared to analysts expectations of $112.77 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 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. Company shares were Reiterated by Stifel on Jan 27, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $46 .
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.