Goldman Sachs Group Inc. cut shares of M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) from a buy rating to a neutral rating in a report published on Tuesday morning. The brokerage currently has $41.00 price objective on the stock.

Several other research firms have also recently commented on MTSI. Zacks Investment Research cut M/A-Com Technology Solutions Holdings from a strong-buy rating to a hold rating in a report on Wednesday, June 29th. Barclays PLC restated a buy rating and issued a $44.00 price target on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, July 28th. Needham & Company LLC restated a buy rating and issued a $49.00 price target on shares of M/A-Com Technology Solutions Holdings in a report on Wednesday, July 27th. Bank of America Corp. cut M/A-Com Technology Solutions Holdings from a buy rating to a neutral rating and lowered their price target for the company from $47.00 to $38.00 in a report on Monday, June 27th. Finally, Craig Hallum restated a buy rating on shares of M/A-Com Technology Solutions Holdings in a report on Sunday, July 17th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. M/A-Com Technology Solutions Holdings presently has an average rating of Buy and a consensus price target of $46.21.

Shares of M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) traded up 0.29% during mid-day trading on Tuesday, hitting $40.81. 23,899 shares of the stock traded hands. The stock has a 50 day moving average price of $40.89 and a 200-day moving average price of $38.98. M/A-Com Technology Solutions Holdings has a one year low of $27.34 and a one year high of $45.46. The company has a market cap of $2.19 billion, a P/E ratio of 43.09 and a beta of 1.33.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last announced its earnings results on Tuesday, July 26th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. M/A-Com Technology Solutions Holdings had a net margin of 10.06% and a return on equity of 14.99%. The firm earned $142.30 million during the quarter, compared to the consensus estimate of $140.02 million. During the same quarter in the previous year, the company posted $0.33 EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, analysts forecast that M/A-Com Technology Solutions Holdings will post $1.93 earnings per share for the current fiscal year.

In other M/A-Com Technology Solutions Holdings news, SVP Walter Gregory Baker sold 3,341 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $42.34, for a total value of $141,457.94. Following the transaction, the senior vice president now directly owns 17,550 shares of the company’s stock, valued at approximately $743,067. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Preetinder S. Virk sold 3,177 shares of the company’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 completion of the transaction, the senior vice president now directly owns 43,946 shares in the company, valued at $1,538,110. The disclosure for this sale can be found here. 57.10% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. BlackRock Group LTD raised its position in shares of M/A-Com Technology Solutions Holdings by 11.4% in the first quarter. BlackRock Group LTD now owns 71,018 shares of the company’s stock worth $3,109,000 after buying an additional 7,254 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of M/A-Com Technology Solutions Holdings by 1,719.5% in the first quarter. UBS Asset Management Americas Inc. now owns 196,504 shares of the company’s stock worth $8,605,000 after buying an additional 185,704 shares during the last quarter. First Republic Investment Management Inc. raised its position in shares of M/A-Com Technology Solutions Holdings by 62.4% in the first quarter. First Republic Investment Management Inc. now owns 18,628 shares of the company’s stock worth $816,000 after buying an additional 7,156 shares during the last quarter. Cupps Capital Management LLC raised its stake in M/A-Com Technology Solutions Holdings by 13.6% in the first quarter. Cupps Capital Management LLC now owns 383,275 shares of the company’s stock valued at $16,783,000 after buying an additional 45,740 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in M/A-Com Technology Solutions Holdings during the first quarter valued at about $141,121,000. 72.13% of the stock is currently owned by institutional investors.

M/A-Com Technology Solutions Holdings Company Profile

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.

5 Day Chart for NASDAQ:MTSI

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