M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a note issued to investors on Saturday. They presently have a $49.00 target price on the stock, down from their previous target price of $50.00. Jefferies Group’s target price would indicate a potential upside of 4.37% from the stock’s previous close.

MTSI has been the subject of several other research reports. Needham & Company LLC restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a report on Wednesday. Stifel Nicolaus upped their target price on shares of M/A-Com Technology Solutions Holdings from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday. Barclays PLC restated a “buy” rating and issued a $44.00 target price on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. cut shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Tuesday, September 20th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.39.

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

Shares of M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) traded up 0.79% during trading on Friday, reaching $46.95. 474,041 shares of the company’s stock were exchanged. The stock has a market cap of $2.52 billion, a P/E ratio of 1956.25 and a beta of 1.39. M/A-Com Technology Solutions Holdings has a 12-month low of $29.56 and a 12-month high of $47.25. The company has a 50 day moving average of $39.75 and a 200 day moving average of $38.41.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, November 15th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.02. M/A-Com Technology Solutions Holdings had a net margin of 0.26% and a return on equity of 17.60%. The company earned $152.70 million during the quarter. During the same period last year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 35.6% on a year-over-year basis. Equities research analysts anticipate that M/A-Com Technology Solutions Holdings will post $2.56 EPS for the current year.

In other news, CEO John Croteau sold 2,000 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $42.11, for a total value of $84,220.00. Following the completion of the transaction, the chief executive officer now owns 120,306 shares in the company, valued at approximately $5,066,085.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael T. Murphy sold 5,115 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $43.00, for a total transaction of $219,945.00. Following the completion of the transaction, the senior vice president now owns 34,720 shares of the company’s stock, valued at approximately $1,492,960. The disclosure for this sale can be found here. Company insiders own 57.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC increased 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 worth $76,256,000 after buying an additional 640,827 shares in the last quarter. Royal Bank of Canada increased 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 worth $37,245,000 after buying an additional 555,037 shares in the last quarter. Marshall Wace LLP bought a new position in shares of M/A-Com Technology Solutions Holdings during the second quarter worth about $14,845,000. Weatherbie Capital LLC increased 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 worth $22,692,000 after buying an additional 366,092 shares in the last quarter. Finally, Vanguard Group Inc. increased 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 worth $70,509,000 after buying an additional 353,403 shares in the last quarter. Institutional investors and hedge funds 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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