Revenue Update on M/A-COM Technology Solutions Hldgs Inc(NASDAQ:MTSI)

M/A-COM Technology Solutions Hldgs Inc(NASDAQ:MTSI) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $142.29M. Analysts estimated a revenue of $140.02M. Earnings per share were $0.51. Analysts had estimated an EPS of $0.51.

In a different note, On Jun 27, 2016, Bank of America said it Downgrades its rating on M/A-COM Technology Solutions Hldgs Inc. The shares have been rated ‘Neutral’ by the firm.

M/A-COM Technology Solutions Hldgs Inc (MTSI) made into the market gainers list on Fridays trading session with the shares advancing 0.56% or 0.22 points. Due to strong positive momentum, the stock ended at $39.51, which is also near the day’s high of $39.65. The stock began the session at $39.29 and the volume stood at 4,65,309 shares. The 52-week high of the shares is $45.46 and the 52 week low is $25.82. The company has a current market capitalization of $2,120 M and it has 5,36,65,599 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 14, 2016, Preetinder S. Virk (SVP and GM, Carrier Networks) sold 3,177 shares at $35.00 per share price.Also, On Jul 5, 2016, John Croteau (President and CEO) sold 2,000 shares at $32.65 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.

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