MA-COM Technology Solutions Holdings (MTSI) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.19-0.23 for the period, compared to the Thomson Reuters consensus estimate of $0.23. The company issued revenue guidance of $72-77 million, compared to the consensus revenue estimate of $75.58 million.

MA-COM Technology Solutions Holdings (MTSI) traded down 2.98% on Tuesday, hitting $10.75. MA-COM Technology Solutions Holdings (MTSI) has a 52-week low of $10.16 and a 52-week high of $22.43. The company has a market cap of $485.7 million and a price-to-earnings ratio of 4.62.

MA-COM Technology Solutions Holdings last posted its quarterly earnings results on Tuesday, November 13th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.16. The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $73.96 million. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts expect that MA-COM Technology Solutions Holdings (MTSI) will post $0.90 EPS for the current fiscal year.

Several analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of MA-COM Technology Solutions Holdings in a research note to investors on Friday. They set an equal weight rating on the stock. On a related note, analysts at Goldman Sachs initiated coverage on shares of MA-COM Technology Solutions Holdings in a research note to investors on Friday, September 7th. They set a buy rating and a $16.00 price target on the stock. Finally, analysts at Barclays Capital cut their price target on shares of MA-COM Technology Solutions Holdings from $23.00 to $20.00 in a research note to investors on Thursday, August 16th. They now have an overweight rating on the stock.

M/A-COM Technology Solutions Holdings, Inc. (M/A-COM Holdings) is a provider of analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave and millimeterwave spectrum.

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