M/A-COM Technology Solutions Hldgs Inc (MTSI) : Segment Wealth Management reduced its stake in M/A-COM Technology Solutions Hldgs Inc by 0.38% during the most recent quarter end. The investment management company now holds a total of 91,172 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $3.4 Million after selling 350 shares in M/A-COM Technology Solutions Hldgs Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.M/A-COM Technology Solutions Hldgs Inc makes up approximately 1.24% of Segment Wealth Management’s portfolio.
Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in MTSI in the latest quarter, The investment management firm added 661 additional shares and now holds a total of 2,600 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $95,680.Finemark National Bank Trust reduced its stake in MTSI by selling 18 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 18 shares of MTSI which is valued at $662.Td Asset Management Inc reduced its stake in MTSI by selling 300 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 7,800 shares of MTSI which is valued at $301,860. Bluecrest Capital Management Ltd added MTSI to its portfolio by purchasing 7,658 company shares during the most recent quarter which is valued at $296,365. M/A-COM Technology Solutions Hldgs Inc makes up approx 0.03% of Bluecrest Capital Management Ltd’s portfolio.
M/A-COM Technology Solutions Hldgs Inc opened for trading at $37.39 and hit $38.525 on the upside on Monday, eventually ending the session at $38.06, with a gain of 3.42% or 1.26 points. The heightened volatility saw the trading volume jump to 6,39,422 shares. Company has a market cap of $2,032 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.