Cupps Capital Management Lowers stake in M/A-COM Technology Solutions Hldgs Inc (MTSI)

M/A-COM Technology Solutions Hldgs Inc (MTSI) : Cupps Capital Management reduced its stake in M/A-COM Technology Solutions Hldgs Inc by 15.92% during the most recent quarter end. The investment management company now holds a total of 75,645 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $3,211,887 after selling 14,320 shares in M/A-COM Technology Solutions Hldgs Inc , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.M/A-COM Technology Solutions Hldgs Inc makes up approximately 1.40% of Cupps Capital Management’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added MTSI to its portfolio by purchasing 3,853 company shares during the most recent quarter which is valued at $163,598. M/A-COM Technology Solutions Hldgs Inc makes up approx 0.01% of Cutler Group Lp’s portfolio. Simplex Trading added MTSI to its portfolio by purchasing 4,099 company shares during the most recent quarter which is valued at $175,929. M/A-COM Technology Solutions Hldgs Inc makes up approx 0.02% of Simplex Trading’s portfolio. First Mercantile Trust Co added MTSI to its portfolio by purchasing 1,890 company shares during the most recent quarter which is valued at $81,119. M/A-COM Technology Solutions Hldgs Inc makes up approx 0.01% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in MTSI in the latest quarter, The investment management firm added 1,172 additional shares and now holds a total of 2,073 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $87,771.

M/A-COM Technology Solutions Hldgs Inc closed down -1.39 points or -3.27% at $41.07 with 2,33,993 shares getting traded on Tuesday. Post opening the session at $42.17, the shares hit an intraday low of $40.78 and an intraday high of $42.64 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. M/A-COM Technology Solutions Hldgs Inc was Downgraded by Goldman to ” Neutral” on Sep 20, 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 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.

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