MA-Com Technology Solutions Holdings Stock Rating Upgraded by Stephens (MTSI)
MA-Com Technology Solutions Holdings (NASDAQ:MTSI) was upgraded by research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report released on Monday, TheFlyOnTheWall.com reports.
MA-Com Technology Solutions Holdings (NASDAQ:MTSI) opened at 17.34 on Monday. MA-Com Technology Solutions Holdings has a 52 week low of $10.01 and a 52 week high of $18.00. The stock’s 50-day moving average is $16.85 and its 200-day moving average is $15.17. The company has a market cap of $800.7 million and a price-to-earnings ratio of 19.98.
MA-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.01. The company had revenue of $82.20 million for the quarter, compared to the consensus estimate of $80.12 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of MA-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $17.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Raymond James raised their price target on shares of MA-Com Technology Solutions Holdings from $16.00 to $18.00 in a research note to investors on Monday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of MA-Com Technology Solutions Holdings from $19.00 to $20.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $18.04.
M/A-COM Technology Solutions Holdings, Inc (NASDAQ:MTSI) is a provider of high-performance analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave and millimeterwave spectrum.
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