Zacks Investment Research cut shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday morning.

According to Zacks, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts. “

A number of other research firms also recently issued reports on MTSI. Jefferies Group reissued a buy rating and set a $49.00 price target (down previously from $50.00) on shares of M/A-Com Technology Solutions Holdings in a research report on Saturday, November 19th. Goldman Sachs Group Inc. downgraded 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 report on Tuesday, September 20th. Needham & Company LLC reissued a buy rating on shares of M/A-Com Technology Solutions Holdings in a research report on Wednesday, November 16th. Stifel Nicolaus boosted their price target on M/A-Com Technology Solutions Holdings from $50.00 to $52.00 and gave the company a buy rating in a research report on Wednesday, November 16th. Finally, Barclays PLC reaffirmed a buy rating and issued a $44.00 target price on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. M/A-Com Technology Solutions Holdings has a consensus rating of Buy and an average 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) remained flat at $47.87 during midday trading on Wednesday. The stock had a trading volume of 954,667 shares. M/A-Com Technology Solutions Holdings has a 12-month low of $29.56 and a 12-month high of $47.91. The firm has a market capitalization of $2.57 billion, a P/E ratio of 1994.58 and a beta of 1.39. The firm’s 50 day moving average is $40.26 and its 200 day moving average is $38.61.

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 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 0.26% and a return on equity of 17.23%. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. On average, equities analysts forecast that M/A-Com Technology Solutions Holdings will post $2.56 earnings per share for the current fiscal year.

In other M/A-Com Technology Solutions Holdings news, SVP Donghyun Thomas Hwang sold 1,729 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $41.80, for a total transaction of $72,272.20. Following the sale, the senior vice president now owns 46,702 shares in the company, valued at $1,952,143.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lunsen Gil J. Van sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $41.06, for a total value of $41,060.00. Following the sale, the director now owns 20,916 shares in the company, valued at approximately $858,810.96. The disclosure for this sale can be found here. Company insiders own 57.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in MTSI. Fifth Third Bancorp raised its position in 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 valued at $128,000 after buying an additional 486 shares during the period. Teacher Retirement System of Texas raised 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 during the period. Scout Investments Inc. bought a new position in M/A-Com Technology Solutions Holdings during the third quarter valued at approximately $237,000. Quantbot Technologies LP bought a new position in M/A-Com Technology Solutions Holdings during the third quarter valued at approximately $240,000. Finally, BlackRock Inc. raised 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 during the period. Hedge funds and other institutional investors own 73.27% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “M/A-Com Technology Solutions Holdings Inc. (MTSI) Lowered to Strong Sell at Zacks Investment Research” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this article can be read at https://www.thecerbatgem.com/2016/11/24/ma-com-technology-solutions-holdings-inc-mtsi-lowered-to-strong-sell-at-zacks-investment-research.html.

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

Receive News & Stock Ratings for M/A-Com Technology Solutions Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/A-Com Technology Solutions Holdings Inc. and related stocks with our FREE daily email newsletter.