M/A-COM Technology Solutions Hldgs Inc (MTSI) : Boardman Bay Capital Management added new position in M/A-COM Technology Solutions Hldgs Inc during the most recent quarter end. The investment management firm now holds 25,132 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $992,714 , the company said in a statement filed on Aug 15, 2016 with the SEC.M/A-COM Technology Solutions Hldgs Inc makes up approximately 2.01% of Boardman Bay Capital Management’s portfolio.
Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in MTSI by selling 74,169 shares or 10.44% in the most recent quarter. The Hedge Fund company now holds 636,107 shares of MTSI which is valued at $25,317,059. M/A-COM Technology Solutions Hldgs Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio. New Jersey Better Educational Savings Trust added MTSI to its portfolio by purchasing 15,000 company shares during the most recent quarter which is valued at $575,250. M/A-COM Technology Solutions Hldgs Inc makes up approx 0.37% of New Jersey Better Educational Savings Trust’s portfolio.Emerald Mutual Fund Advisers Trust reduced its stake in MTSI by selling 22,610 shares or 5.59% in the most recent quarter. The Hedge Fund company now holds 381,818 shares of MTSI which is valued at $15,085,629. M/A-COM Technology Solutions Hldgs Inc makes up approx 0.80% of Emerald Mutual Fund Advisers Trust’s portfolio. Huntington National Bank added MTSI to its portfolio by purchasing 34 company shares during the most recent quarter which is valued at $1,345.
M/A-COM Technology Solutions Hldgs Inc opened for trading at $41.12 and hit $42.81 on the upside on Thursday, eventually ending the session at $42.76, with a gain of 3.79% or 1.56 points. The heightened volatility saw the trading volume jump to 4,48,451 shares. Company has a market cap of $2,295 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. M/A-COM Technology Solutions Hldgs Inc was Downgraded by BofA/Merrill to ” Neutral” on Jun 27, 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 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.