M/A-COM Technology Solutions Hldgs Inc (MTSI) : Cupps Capital Management scooped up 45,740 additional shares in M/A-COM Technology Solutions Hldgs Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 383,275 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $14.1 Million.M/A-COM Technology Solutions Hldgs Inc makes up approximately 2.78% of Cupps Capital Management’s portfolio.
Other Hedge Funds, Including , Raymond James Associates added MTSI to its portfolio by purchasing 46,596 company shares during the most recent quarter which is valued at $1.7 Million. M/A-COM Technology Solutions Hldgs Inc makes up approx 0.01% of Raymond James Associates’s portfolio. Ftb Advisors added MTSI to its portfolio by purchasing 310 company shares during the most recent quarter which is valued at $11,408.Columbus Circle Investors boosted its stake in MTSI in the latest quarter, The investment management firm added 16,348 additional shares and now holds a total of 29,198 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $1.1 Million. M/A-COM Technology Solutions Hldgs Inc makes up approx 0.01% of Columbus Circle Investors’s portfolio.Northpointe Capital reduced its stake in MTSI by selling 176,065 shares or 95.63% in the most recent quarter. The Hedge Fund company now holds 8,039 shares of MTSI which is valued at $328,715. M/A-COM Technology Solutions Hldgs Inc makes up approx 0.04% of Northpointe Capital’s portfolio.
M/A-COM Technology Solutions Hldgs Inc opened for trading at $34.98 and hit $36.05 on the upside on Friday, eventually ending the session at $35.65, with a gain of 3.33% or 1.15 points. The heightened volatility saw the trading volume jump to 8,04,734 shares. Company has a market cap of $1,903,140 M.
On the company’s financial health, M/A-COM Technology Solutions Hldgs Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.44. The company had revenue of $133.60 million for the quarter, 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 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.