M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.54-0.58 for the period, compared to the Thomson Reuters consensus estimate of $0.58. The company issued revenue guidance of $150-154 million, compared to the consensus revenue estimate of $149.63 million.

Several brokerages have recently commented on MTSI. Needham & Company LLC restated a buy rating and issued a $49.00 price objective on shares of M/A-Com Technology Solutions Holdings in a report on Tuesday, November 1st. Jefferies Group restated a buy rating on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, September 8th. Goldman Sachs Group Inc. downgraded shares of M/A-Com Technology Solutions Holdings from a buy rating to a neutral rating and set a $41.00 target price on the stock. in a research note on Tuesday, September 20th. Finally, Barclays PLC reaffirmed a buy rating and set a $44.00 target price on shares of M/A-Com Technology Solutions Holdings in a research note on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $46.21.

Earnings History and Estimates for M/A-Com Technology Solutions Holdings (NASDAQ:MTSI)

Shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) opened at 41.51 on Wednesday. The firm has a 50 day moving average of $39.52 and a 200-day moving average of $38.32. The stock has a market capitalization of $2.23 billion, a P/E ratio of 43.83 and a beta of 1.39. M/A-Com Technology Solutions Holdings Inc. has a 12 month low of $29.56 and a 12 month high of $45.46.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last released its earnings results on Tuesday, November 15th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.02. M/A-Com Technology Solutions Holdings had a return on equity of 14.99% and a net margin of 10.06%. The company earned $152.70 million during the quarter, compared to analyst estimates of $149.97 million. During the same period in the prior year, the business posted $0.34 earnings per share. M/A-Com Technology Solutions Holdings’s revenue was up 35.6% on a year-over-year basis. Analysts forecast that M/A-Com Technology Solutions Holdings Inc. will post $1.93 earnings per share for the current year.

In related news, SVP Donghyun Thomas Hwang sold 1,729 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were 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 through this hyperlink. Also, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $36.17, for a total transaction of $72,340.00. Following the completion of the sale, the insider now directly owns 120,006 shares in the company, valued at $4,340,617.02. The disclosure for this sale can be found here. 57.10% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in shares of M/A-Com Technology Solutions Holdings by 14.3% in the second quarter. Fifth Third Bancorp now owns 3,896 shares of the company’s stock worth $128,000 after buying an additional 486 shares during the period. BlackRock Inc. boosted its position in shares of M/A-Com Technology Solutions Holdings by 349.0% in the second quarter. BlackRock Inc. now owns 6,227 shares of the company’s stock worth $206,000 after buying an additional 4,840 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of M/A-Com Technology Solutions Holdings during the second quarter worth $240,000. US Bancorp DE boosted its position in shares of M/A-Com Technology Solutions Holdings by 8.8% in the second quarter. US Bancorp DE now owns 8,244 shares of the company’s stock worth $272,000 after buying an additional 670 shares during the period. Finally, Morgan Stanley boosted its position in shares of M/A-Com Technology Solutions Holdings by 289.7% in the third quarter. Morgan Stanley now owns 6,523 shares of the company’s stock worth $276,000 after buying an additional 4,849 shares during the period. 72.60% of the stock is currently owned by institutional investors and hedge funds.

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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