M/a-com Technology Solutions Holdings, Inc. (MTSI): Peter Y Chung , director of M/a-com Technology Solutions Holdings, Inc. sold 1,400,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $40.00 per share for a total value of $56 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, Susan Ocampo (Chairman) sold 1,000,000 shares at $41.25 per share price.On Apr 5, 2016, Donghyun Thomas Hwang (SVP, Global Sales) sold 4,534 shares at $45.00 per share price.Also, On Mar 23, 2016, Walter Gregory Baker (SVP & GM, RF & Microwave) sold 5,000 shares at $42.73 per share price.On Feb 3, 2016, John Croteau (President and CEO) sold 3,000 shares at $39.00 per share price.
Shares of M/A-COM Technology Solutions Hldgs Inc (MTSI) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.98 points or -2.43% at $39.28 with 4,87,549 shares getting traded. Post opening the session at $39.93, the shares hit an intraday low of $39 and an intraday high of $40.44 and the price vacillated in this range throughout the day. The company has a market cap of $2,097 M and the number of outstanding shares has been calculated to be 5,33,84,356 shares. The 52-week high of M/A-COM Technology Solutions Hldgs Inc is $45.46 and the 52-week low is $25.82.
Company has been under the radar of several Street Analysts.M/A-COM Technology Solutions Hldgs Inc is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $41 .The Rating was issued on Mar 11, 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 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.