M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a report issued on Wednesday.

A number of other research firms also recently commented on MTSI. Barclays PLC reiterated a “buy” rating and issued a $44.00 price objective on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, July 28th. Stifel Nicolaus raised their price target on shares of M/A-Com Technology Solutions Holdings from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday. 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 price target for the company. in a report on Tuesday, September 20th. Finally, Jefferies Group restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, September 8th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. M/A-Com Technology Solutions Holdings has an average rating of “Buy” and an average target price of $46.57.

Analyst Recommendations for M/A-Com Technology Solutions Holdings (NASDAQ:MTSI)

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

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, November 15th. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.02. The business earned $152.70 million during the quarter. M/A-Com Technology Solutions Holdings had a net margin of 10.06% and a return on equity of 14.99%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. On average, analysts forecast that M/A-Com Technology Solutions Holdings will post $1.93 EPS for the current fiscal year.

In other M/A-Com Technology Solutions Holdings news, Director Lunsen Gil J. Van sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the transaction, the director now owns 21,916 shares of the company’s stock, valued at approximately $876,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $36.17, for a total transaction of $72,340.00. Following the completion of the transaction, the insider now directly owns 120,006 shares of the company’s stock, valued at approximately $4,340,617.02. The disclosure for this sale can be found here. 57.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of MTSI. Jennison Associates LLC boosted its position in shares of M/A-Com Technology Solutions Holdings by 38.3% in the second quarter. Jennison Associates LLC now owns 2,312,184 shares of the company’s stock valued at $76,256,000 after buying an additional 640,827 shares in the last quarter. Royal Bank of Canada boosted its position in shares of M/A-Com Technology Solutions Holdings by 96.7% in the second quarter. Royal Bank of Canada now owns 1,129,296 shares of the company’s stock valued at $37,245,000 after buying an additional 555,037 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of M/A-Com Technology Solutions Holdings during the second quarter valued at approximately $14,845,000. Weatherbie Capital LLC boosted its position in shares of M/A-Com Technology Solutions Holdings by 113.7% in the second quarter. Weatherbie Capital LLC now owns 688,043 shares of the company’s stock valued at $22,692,000 after buying an additional 366,092 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of M/A-Com Technology Solutions Holdings by 19.8% in the second quarter. Vanguard Group Inc. now owns 2,137,938 shares of the company’s stock valued at $70,509,000 after buying an additional 353,403 shares in the last quarter. 72.60% of the stock is 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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