Shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) gapped up prior to trading on Tuesday . The stock had previously closed at $40.98, but opened at $41.30. M/A-Com Technology Solutions Holdings shares last traded at $42.66, with a volume of 267,977 shares trading hands.

Several research firms have recently issued reports on MTSI. Craig Hallum reissued a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Sunday, July 17th. Needham & Company LLC reissued a “buy” rating and issued a $49.00 price target on shares of M/A-Com Technology Solutions Holdings in a research report on Wednesday, July 27th. Jefferies Group reissued a “buy” rating and issued a $51.00 price target (up previously from $50.00) on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, April 28th. Barclays PLC reissued a “buy” rating and issued a $44.00 price target on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, July 28th. Finally, Zacks Investment Research lowered shares of M/A-Com Technology Solutions Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.75.

The company has a 50-day moving average price of $37.86 and a 200-day moving average price of $38.39. The company has a market capitalization of $2.21 billion and a price-to-earnings ratio of 43.54.

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

In related news, SVP Preetinder S. Virk sold 3,177 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $35.00, for a total value of $111,195.00. Following the transaction, the senior vice president now owns 43,946 shares of the company’s stock, valued at $1,538,110. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Mcmullan sold 5,175 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $42.45, for a total transaction of $219,678.75. Following the completion of the transaction, the chief financial officer now directly owns 52,100 shares in the company, valued at approximately $2,211,645. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in M/A-Com Technology Solutions Holdings stock. New York State Common Retirement Fund raised its position in M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) by 122.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

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.

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