Today: The M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) Receives $45.03 Consensus PT from Brokerages

The M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) Receives $45.03 Consensus PT from Brokerages

M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) has been given a consensus recommendation of “Buy” by the thirteen research firms that are presently covering the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $45.03.

Several equities research analysts have weighed in on the company. Goldman Sachs Group Inc. cut M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Tuesday, September 20th. Jefferies Group reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, September 8th. Barclays PLC reiterated a “buy” rating and issued a $44.00 price objective on shares of M/A-Com Technology Solutions Holdings in a report on Thursday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $49.00 price objective on shares of M/A-Com Technology Solutions Holdings in a report on Wednesday, July 27th. Finally, Craig Hallum reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a report on Sunday, July 17th.

Shares of M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) opened at 42.92 on Thursday. The company’s 50-day moving average price is $41.74 and its 200 day moving average price is $38.91. The company has a market cap of $2.30 billion, a P/E ratio of 45.32 and a beta of 1.32. M/A-Com Technology Solutions Holdings has a one year low of $29.56 and a one year high of $45.46.

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

In related news, SVP Robert Dennehy sold 8,125 shares of the firm’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 transaction, the senior vice president now owns 63,584 shares of the company’s stock, valued at approximately $2,537,001.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 directly owns 43,946 shares of the company’s stock, valued at approximately $1,538,110. The disclosure for this sale can be found here. Corporate insiders own 57.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in M/A-Com Technology Solutions Holdings by 45.6% in the first quarter. Franklin Resources Inc. now owns 2,116,423 shares of the company’s stock worth $92,678,000 after buying an additional 663,171 shares during the period. BlackRock Group LTD raised its stake in 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. TimesSquare Capital Management LLC raised its stake in M/A-Com Technology Solutions Holdings by 13.2% in the first quarter. TimesSquare Capital Management LLC now owns 1,676,095 shares of the company’s stock worth $73,396,000 after buying an additional 195,895 shares during the last quarter. Blue Rock Advisors LLC acquired a new stake in M/A-Com Technology Solutions Holdings during the first quarter worth approximately $200,000. Finally, Royce & Associates LP acquired a new stake in M/A-Com Technology Solutions Holdings during the first quarter worth approximately $5,912,000. 72.13% of the stock is owned by institutional investors.

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