M/A-COM Technology Solutions Hldgs Inc (MTSI) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Sep 20, 2016.
Many Wall Street Analysts have commented on M/A-COM Technology Solutions Hldgs Inc. M/A-COM Technology Solutions Hldgs Inc was Downgraded by BofA/Merrill to ” Neutral” 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 -0.61 points or -1.44% at $41.82 with 537,046 shares getting traded on Friday. Post opening the session at $42.34, the shares hit an intraday low of $41.4 and an intraday high of $42.34 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Sep 15, 2016, Lunsen Gil J Van (director) sold 1,000 shares at $41.06 per share price. According to the SEC, on Sep 8, 2016, Robert Dennehy (SVP, Operations) sold 9,589 shares at $43.89 per share price. On Sep 8, 2016, Donghyun Thomas Hwang (SVP, Global Sales) sold 2,000 shares at $43.80 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 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.