Weatherbie Capital buys $27,177,699 stake in M/A-COM Technology Solutions Hldgs Inc (MTSI)

M/A-COM Technology Solutions Hldgs Inc (MTSI) : Weatherbie Capital scooped up 366,092 additional shares in M/A-COM Technology Solutions Hldgs Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 688,043 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $27,177,699.M/A-COM Technology Solutions Hldgs Inc makes up approximately 3.55% of Weatherbie Capital’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag reduced its stake in MTSI by selling 3,362 shares or 10.31% in the most recent quarter. The Hedge Fund company now holds 29,244 shares of MTSI which is valued at $1,155,138.Blackrock Fund Advisors reduced its stake in MTSI by selling 5,500 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 558,610 shares of MTSI which is valued at $22,065,095. Thompson Davis sold out all of its stake in MTSI during the most recent quarter. The investment firm sold 4,750 shares of MTSI which is valued $189,050.California Public Employees Retirement System reduced its stake in MTSI by selling 1,900 shares or 8.02% in the most recent quarter. The Hedge Fund company now holds 21,800 shares of MTSI which is valued at $836,030.Swiss National Bank boosted its stake in MTSI in the latest quarter, The investment management firm added 11,200 additional shares and now holds a total of 47,000 shares of M/A-COM Technology Solutions Hldgs Inc which is valued at $1,802,450.

M/A-COM Technology Solutions Hldgs Inc opened for trading at $41.63 and hit $43.4526 on the upside on Tuesday, eventually ending the session at $42.35, with a gain of 2.54% or 1.05 points. The heightened volatility saw the trading volume jump to 8,23,535 shares. Company has a market cap of $2,273 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 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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