M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) traded up 5.9% on Friday . The stock traded as high as $34.18 and last traded at $34.15, with a volume of 779,849 shares trading hands. The stock had previously closed at $32.25.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of M/A-Com Technology Solutions Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Bank of America Corp. cut shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and reduced their target price for the company from $47.00 to $38.00 in a research note on Monday, June 27th. Jefferies Group reiterated a “buy” rating and issued a $51.00 target price on shares of M/A-Com Technology Solutions Holdings in a research note on Friday, May 13th. Needham & Company LLC reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Wednesday, April 27th. Finally, Barclays PLC reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Saturday, March 12th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. M/A-Com Technology Solutions Holdings has a consensus rating of “Buy” and a consensus target price of $45.94.

The stock has a market capitalization of $1.82 billion and a P/E ratio of 50.15. The firm has a 50 day moving average of $35.02 and a 200-day moving average of $38.43.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last announced its earnings results on Tuesday, April 26th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The company had revenue of $133.60 million for the quarter, compared to the consensus estimate of $130.55 million. During the same period in the previous year, the firm posted $0.41 EPS. The business’s quarterly revenue was up 30.5% on a year-over-year basis. On average, equities research analysts forecast that M/A-Com Technology Solutions Holdings Inc. will post $1.95 EPS for the current year.

In related news, major shareholder John L. Ocampo sold 1,000,000 shares of M/A-Com Technology Solutions Holdings stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $41.25, for a total transaction of $41,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Y. Chung sold 1,400,000 shares of M/A-Com Technology Solutions Holdings stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $40.00, for a total transaction of $56,000,000.00. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in the company. Russell Frank Co increased its stake in shares of M/A-Com Technology Solutions Holdings by 6.1% in the fourth quarter. Russell Frank Co now owns 357,721 shares of the company’s stock valued at $14,940,000 after buying an additional 20,456 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of M/A-Com Technology Solutions Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 43,432 shares of the company’s stock valued at $1,776,000 after buying an additional 689 shares during the last quarter. American Century Companies Inc. increased its stake in shares of M/A-Com Technology Solutions Holdings by 6.1% in the fourth quarter. American Century Companies Inc. now owns 128,660 shares of the company’s stock valued at $5,261,000 after buying an additional 7,401 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of M/A-Com Technology Solutions Holdings by 122.6% in the fourth quarter. New York State Common Retirement Fund now owns 49,420 shares of the company’s stock valued at $2,021,000 after buying an additional 27,220 shares during the last quarter. Finally, Segment Wealth Management LLC increased its stake in shares of M/A-Com Technology Solutions Holdings by 0.4% in the fourth quarter. Segment Wealth Management LLC now owns 91,522 shares of the company’s stock valued at $3,742,000 after buying an additional 350 shares during the last quarter.

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 in semiconductors and modules segment. The Company’s semiconductor products are electronic components, which include point-to-point wireless backhaul radios, antenna arrays, radar, magnetic resonance imaging systems (MRI) and unmanned aerial vehicles (UAVs).

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