Shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) rose 6.5% during trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $50.00 to $52.00. Stifel Nicolaus currently has a buy rating on the stock. M/A-Com Technology Solutions Holdings traded as high as $45.01 and last traded at $44.21, with a volume of 1,175,364 shares. The stock had previously closed at $41.51.

Other analysts have also issued research reports about the company. Jefferies Group reaffirmed a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Thursday, September 8th. Barclays PLC reaffirmed a “buy” rating and issued a $44.00 price target 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 target on shares of M/A-Com Technology Solutions Holdings in a research note on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. lowered 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 research note on Tuesday, September 20th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $46.57.

In other news, insider John Croteau sold 2,000 shares of M/A-Com Technology Solutions Holdings stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $36.17, for a total value of $72,340.00. Following the completion of the transaction, the insider now owns 120,006 shares of the company’s stock, valued at approximately $4,340,617.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 1,729 shares of M/A-Com Technology Solutions Holdings stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $41.80, for a total value of $72,272.20. Following the completion of the transaction, the senior vice president now directly owns 46,702 shares of the company’s stock, valued at approximately $1,952,143.60. The disclosure for this sale can be found here. 57.10% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Jennison Associates LLC raised its position in 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. Vanguard Group Inc. increased its stake in 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 during the last quarter. Silvercrest Asset Management Group LLC increased its stake in M/A-Com Technology Solutions Holdings by 14.3% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,479,586 shares of the company’s stock valued at $48,796,000 after buying an additional 185,036 shares during the last quarter. Royal Bank of Canada increased its stake in 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 during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in M/A-Com Technology Solutions Holdings by 9.4% in the third quarter. Neuberger Berman Group LLC now owns 1,070,189 shares of the company’s stock valued at $45,312,000 after buying an additional 91,829 shares during the last quarter. 72.60% of the stock is owned by hedge funds and other institutional investors.

The company has a 50 day moving average of $39.49 and a 200-day moving average of $38.32. The firm has a market capitalization of $2.37 billion, a P/E ratio of 46.68 and a beta of 1.39.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ 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 firm’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. Analysts predict that M/A-Com Technology Solutions Holdings Inc. will post $1.93 earnings per share for the current fiscal year.

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.

5 Day Chart for NASDAQ:MTSI

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