M/A-COM Technology Solutions Hldgs Inc (MTSI) is Downgraded by BofA/Merrill to Neutral

M/A-COM Technology Solutions Hldgs Inc (MTSI) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Jun 27, 2016.

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.

M/A-COM Technology Solutions Hldgs Inc closed down -1.84 points or -5.30% at $32.89 with 9,07,388 shares getting traded on Friday. Post opening the session at $32.72, the shares hit an intraday low of $32.05 and an intraday high of $33.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 3, 2016, John Croteau (President and CEO) sold 2,000 shares at $36.70 per share price. According to the SEC, on May 20, 2016, Preetinder S. Virk (SVP & GM, Carrier Networks) sold 778 shares at $36.07 per share price. On May 20, 2016, Walter Gregory Baker (SVP & GM, RF & Microwave) sold 6,149 shares at $36.65 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

M/A-COM Technology Solutions Hldgs Inc

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