Trade Report: The New Jersey Better Educational Savings Trust Takes Position in M/A-Com Technology Solutions Holdings Inc. (MTSI)

The New Jersey Better Educational Savings Trust Takes Position in M/A-Com Technology Solutions Holdings Inc. (MTSI)

New Jersey Better Educational Savings Trust bought a new position in M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) during the second quarter, Holdings Channel reports. The fund bought 15,000 shares of the company’s stock, valued at approximately $495,000.

Several other institutional investors have also recently modified their holdings of MTSI. BlackRock Group LTD boosted its position in shares of M/A-Com Technology Solutions Holdings by 11.4% in the first quarter. BlackRock Group LTD now owns 71,018 shares of the company’s stock worth $3,109,000 after buying an additional 7,254 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of M/A-Com Technology Solutions Holdings by 1,719.5% in the first quarter. UBS Asset Management Americas Inc. now owns 196,504 shares of the company’s stock valued at $8,605,000 after buying an additional 185,704 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of M/A-Com Technology Solutions Holdings by 0.8% in the first quarter. Loomis Sayles & Co. L P now owns 53,721 shares of the company’s stock valued at $2,352,000 after buying an additional 435 shares during the period. Wellington Management Group LLP bought a new position in shares of M/A-Com Technology Solutions Holdings during the first quarter valued at $141,121,000. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of M/A-Com Technology Solutions Holdings by 1.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,294,550 shares of the company’s stock valued at $56,689,000 after buying an additional 15,408 shares during the period. Institutional investors own 72.12% of the company’s stock.

Shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) traded down 0.05% during midday trading on Friday, reaching $36.50. The company had a trading volume of 473,276 shares. The stock has a market capitalization of $1.96 billion, a PE ratio of 38.54 and a beta of 1.32. The company’s 50-day moving average is $40.41 and its 200-day moving average is $38.53. M/A-Com Technology Solutions Holdings Inc. has a 1-year low of $29.56 and a 1-year high of $45.46.

MTSI has been the topic of several recent analyst reports. Jefferies Group restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Thursday, September 8th. Goldman Sachs Group Inc. cut M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Tuesday, September 20th. Barclays PLC restated a “buy” rating and set a $44.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research note on Thursday, July 28th. Needham & Company LLC restated a “buy” rating and set a $49.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research note on Wednesday, July 27th. Finally, Craig Hallum restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Sunday, July 17th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. M/A-Com Technology Solutions Holdings currently has a consensus rating of “Buy” and an average price target of $46.21.

In other M/A-Com Technology Solutions Holdings news, SVP Donghyun Thomas Hwang sold 1,729 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $41.80, for a total value of $72,272.20. Following the sale, the senior vice president now directly owns 46,702 shares of the company’s stock, valued at $1,952,143.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Croteau sold 2,000 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $42.11, for a total value of $84,220.00. Following the completion of the sale, the chief executive officer now directly owns 120,306 shares in the company, valued at $5,066,085.66. The disclosure for this sale can be found here. 57.10% of the stock is owned by corporate insiders.

About M/A-Com Technology Solutions Holdings

MACOM Technology Solutions Holdings, Inc, formerly M/A-COM Technology Solutions Holdings, Inc, is a provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum. The Company operates through semiconductors and modules segment.

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