M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI)’s share price was up 2.5% during trading on Monday . The company traded as high as $40.89 and last traded at $40.74, with a volume of 236,327 shares. The stock had previously closed at $39.73.

A number of equities analysts recently commented on MTSI shares. Bank of America Corp. lowered M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $47.00 to $38.00 in a research note on Monday, June 27th. Zacks Investment Research raised M/A-Com Technology Solutions Holdings from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research note on Saturday, April 30th. Needham & Company LLC reaffirmed a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Wednesday, April 27th. Jefferies Group reaffirmed a “buy” rating and issued a $51.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research note on Friday, May 13th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $44.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $46.75.

The firm has a 50-day moving average price of $37.55 and a 200 day moving average price of $38.36. The stock has a market cap of $2.30 billion and a P/E ratio of 45.28.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.51 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.51. The business earned $142.30 million during the quarter, compared to the consensus estimate of $140.02 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. M/A-Com Technology Solutions Holdings’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, equities research analysts predict that M/A-Com Technology Solutions Holdings Inc. will post $1.93 EPS for the current fiscal year.

In other news, SVP Robert Dennehy sold 8,125 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $39.90, for a total value of $324,187.50. Following the completion of the transaction, the senior vice president now owns 63,584 shares in the company, valued at approximately $2,537,001.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lunsen Gil J. Van sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the director now owns 22,916 shares of the company’s stock, valued at approximately $916,640. The disclosure for this sale can be found here.

An institutional investor recently raised its position in M/A-Com Technology Solutions Holdings stock. New York State Common Retirement Fund boosted its position in shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) by 122.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,420 shares of the company’s stock after buying an additional 27,220 shares during the period. New York State Common Retirement Fund owned 0.09% of M/A-Com Technology Solutions Holdings worth $2,021,000 at the end of the most recent 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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