M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) shares traded up 2.5% during trading on Thursday . The company traded as high as $42.27 and last traded at $42.23, with a volume of 234,240 shares changing hands. The stock had previously closed at $41.20.

A number of research analysts have recently commented on the company. Craig Hallum reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Sunday, July 17th. Needham & Company LLC reiterated a “buy” rating and set a $49.00 target price on shares of M/A-Com Technology Solutions Holdings in a research report on Wednesday, July 27th. Barclays PLC reiterated a “buy” rating and set a $44.00 target price on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, July 28th. Jefferies Group reiterated a “buy” rating and set a $51.00 target price on shares of M/A-Com Technology Solutions Holdings in a research report on Friday, May 13th. Finally, Zacks Investment Research downgraded M/A-Com Technology Solutions Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.75.

The firm has a market cap of $2.29 billion and a price-to-earnings ratio of 45.15. The firm has a 50 day moving average price of $38.96 and a 200-day moving average price of $38.63.

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

In related news, SVP Robert Dennehy sold 8,125 shares of the business’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 transaction of $324,187.50. Following the completion of the sale, the senior vice president now directly owns 63,584 shares in the company, valued at $2,537,001.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 1,729 shares of the business’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 value of $72,272.20. Following the sale, the senior vice president now owns 46,702 shares of the company’s stock, valued at $1,952,143.60. 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 boosted its stake in 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 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 about 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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