M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) had its price objective increased by equities research analysts at Stifel Nicolaus from $50.00 to $52.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 11.64% from the company’s previous close.

Several other brokerages also recently commented on MTSI. Jefferies Group reaffirmed a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note 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 price objective on the stock. in a research report on Tuesday, September 20th. Barclays PLC reissued a “buy” rating and set a $44.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, July 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $49.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research report on Wednesday, July 27th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $46.57.

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

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) opened at 46.58 on Wednesday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 49.19 and a beta of 1.39. The firm has a 50 day moving average of $39.79 and a 200-day moving average of $38.42. M/A-Com Technology Solutions Holdings has a 1-year low of $29.56 and a 1-year high of $46.66.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, November 15th. The company reported $0.54 EPS for the quarter, missing the 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 firm earned $152.70 million during the quarter. During the same quarter last year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, equities research analysts anticipate that M/A-Com Technology Solutions Holdings will post $2.56 earnings per share for the current fiscal year.

In related news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $36.17, for a total value of $72,340.00. Following the transaction, the insider now owns 120,006 shares in the company, valued at approximately $4,340,617.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lunsen Gil J. Van sold 1,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the transaction, the director now owns 21,916 shares in the company, valued at approximately $876,640. The disclosure for this sale can be found here. 57.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions 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 last quarter. Teacher Retirement System of Texas boosted its position in M/A-Com Technology Solutions Holdings by 55.4% in the second quarter. Teacher Retirement System of Texas now owns 4,041 shares of the company’s stock valued at $133,000 after buying an additional 1,441 shares in the last quarter. BlackRock Inc. boosted its position in 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 valued at $206,000 after buying an additional 4,840 shares in the last quarter. LaSalle Street Capital Management LLC bought a new position in M/A-Com Technology Solutions Holdings during the second quarter valued at about $225,000. Finally, Scout Investments Inc. bought a new position in M/A-Com Technology Solutions Holdings during the third quarter valued at about $237,000. Institutional investors own 72.60% of the company’s stock.

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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