Shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) have been given an average recommendation of “Buy” by the thirteen ratings firms that are currently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.03.

MTSI has been the topic of a number of recent analyst reports. Jefferies Group restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, September 8th. Barclays PLC reaffirmed a “buy” rating and issued 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 reaffirmed a “buy” rating and issued a $49.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research note on Wednesday, July 27th. Craig Hallum reaffirmed a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Sunday, July 17th. Finally, Zacks Investment Research lowered M/A-Com Technology Solutions Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th.

Shares of M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) opened at 42.92 on Thursday. M/A-Com Technology Solutions Holdings has a one year low of $29.56 and a one year high of $45.46. The firm’s 50-day moving average price is $41.74 and its 200 day moving average price is $38.91. The company has a market capitalization of $2.30 billion, a PE ratio of 45.32 and a beta of 1.32.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.51 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.51. M/A-Com Technology Solutions Holdings had a return on equity of 14.99% and a net margin of 10.06%. The company had revenue of $142.30 million for the quarter, compared to analysts’ expectations of $140.02 million. During the same quarter last year, the business earned $0.33 earnings per share. M/A-Com Technology Solutions Holdings’s revenue was up 30.4% on a year-over-year basis. Analysts anticipate that M/A-Com Technology Solutions Holdings will post $1.93 earnings per share for the current year.

In related news, CEO John Croteau sold 2,000 shares of M/A-Com Technology Solutions Holdings stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 120,306 shares of the company’s stock, valued at $5,066,085.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert Dennehy sold 8,125 shares of M/A-Com Technology Solutions Holdings stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $39.90, for a total value of $324,187.50. Following the completion of the transaction, the senior vice president now directly owns 63,584 shares in the company, valued at $2,537,001.60. The disclosure for this sale can be found here. 57.10% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. GW&K Investment Management LLC raised its position in M/A-Com Technology Solutions Holdings by 57.0% in the second quarter. GW&K Investment Management LLC now owns 848,321 shares of the company’s stock worth $27,978,000 after buying an additional 308,072 shares in the last quarter. First Republic Investment Management Inc. raised its position in M/A-Com Technology Solutions Holdings by 62.4% in the first quarter. First Republic Investment Management Inc. now owns 18,628 shares of the company’s stock worth $816,000 after buying an additional 7,156 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in 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 worth $56,689,000 after buying an additional 15,408 shares in the last quarter. Legal & General Group Plc raised its position in M/A-Com Technology Solutions Holdings by 65.1% in the first quarter. Legal & General Group Plc now owns 3,693 shares of the company’s stock worth $161,000 after buying an additional 1,456 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in M/A-Com Technology Solutions Holdings during the first quarter worth approximately $141,121,000. 72.13% of the stock is currently owned by institutional investors.

M/A-Com Technology Solutions Holdings Company Profile

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.

5 Day Chart for NASDAQ:MTSI

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