M/A-Com Technology Solutions Holdings Inc. (MTSI) Trading 2.5% Higher
M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI)’s share price shot up 2.5% during mid-day trading on Thursday . The stock traded as high as $42.27 and last traded at $42.23, with a volume of 234,240 shares trading hands. The stock had previously closed at $41.20.
Several brokerages have weighed in on MTSI. Craig Hallum restated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Sunday, July 17th. Jefferies Group restated 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. Bank of America Corp. downgraded shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and lowered their target price for the company from $47.00 to $38.00 in a research note on Monday, June 27th. Needham & Company LLC restated a “buy” rating and issued a $49.00 target price on shares of M/A-Com Technology Solutions Holdings in a research note on Wednesday, July 27th. Finally, Barclays PLC restated a “buy” rating and issued a $44.00 target price on shares of M/A-Com Technology Solutions Holdings in a research note on Thursday, July 28th. Two 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 market capitalization of $2.34 billion and a price-to-earnings ratio of 45.98. The stock’s 50-day moving average price is $39.40 and its 200 day moving average price is $38.69.
M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The company earned $142.30 million during the quarter, compared to the consensus estimate of $140.02 million. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. Analysts forecast that M/A-Com Technology Solutions Holdings Inc. will post $1.93 earnings per share for the current fiscal year.
In other M/A-Com Technology Solutions Holdings news, CFO Robert Mcmullan sold 5,175 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $42.45, for a total transaction of $219,678.75. Following the completion of the sale, the chief financial officer now owns 52,100 shares in the company, valued at $2,211,645. The transaction was disclosed in a legal filing with the SEC, 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 on Monday, August 29th. The shares were 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 of the company’s stock, valued at approximately $1,952,143.60. The disclosure for this sale can be found here.
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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