Large Inflow of Money Witnessed in M/A-COM Technology Solutions Holdings

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) : Investors lapped up stocks on upticks to the tune of $1.11 million in the Wednesdays trading session. The trading value on downticks was comparatively at $0.78 million and the uptick to downtick ratio of 1.43 indicates continuous buying by the bulls. The net money flow into the stock was $0.34 million. Upticks saw transactions worth $0.01 clearly indicating buying by large investors. The total money flow for block trades stood at $0.01 million, which is a positive for the stock in the long-term. M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) fell $0.12 during the day at $31.6, a drop of -0.38% over the previous days close. However, for the week, the stock is -3.92%, compared to the previous week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Croteau John, director officer (President and CEO) of Macom Technology Solutions Holdings, Inc., had unloaded 2,000 shares at an average price of $36.7 in a transaction dated on June 1, 2016. The total value of the transaction was worth $73,400. Currently the company Insiders own 57.1% of M/A-COM Technology Solutions Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.31% . Institutional Investors own 72.38% of M/A-COM Technology Solutions Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -41.24%.

The company shares have dropped -14.13% from its 1 Year high price. On Apr 1, 2016, the shares registered one year high at $45.46 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $35.97 and the 200 Day Moving Average price is recorded at $38.71. M/A-COM Technology Solutions Holdings (NASDAQ:MTSI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.20 and $31.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.34, notching a gain of 1.95% for the day. The total traded volume was 746,142 . The stock had closed at $31.72 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.