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MA-Com Technology Solutions Holdings Inc (NASDAQ:MTSI) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.26-0.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28, Analyst Ratings.Net reports. The company issued revenue guidance of $103-107 million, compared to the consensus revenue estimate of $96.74 million.

Shares of MA-Com Technology Solutions Holdings Inc (NASDAQ:MTSI) traded up 5.89% during mid-day trading on Monday, hitting $17.44. 55,511 shares of the company’s stock traded hands. MA-Com Technology Solutions Holdings Inc has a 52 week low of $12.45 and a 52 week high of $18.25. The stock’s 50-day moving average is $16.42 and its 200-day moving average is $16.29. The company has a market cap of $809.1 million and a price-to-earnings ratio of 28.40.

MA-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Monday, February 10th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.34. The company had revenue of $83.50 million for the quarter, compared to the consensus estimate of $84.78 million. During the same quarter last year, the company posted $0.20 earnings per share. MA-Com Technology Solutions Holdings’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that MA-Com Technology Solutions Holdings Inc will post $1.07 earnings per share for the current fiscal year.

A number of research firms have recently commented on MTSI. Analysts at Zacks upgraded shares of MA-Com Technology Solutions Holdings from an underperform rating to a neutral rating in a research note to investors on Monday, December 23rd. They now have a $16.00 price target on the stock. Analysts at Barclays initiated coverage on shares of MA-Com Technology Solutions Holdings in a research note to investors on Monday, December 23rd. They set an overweight rating on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. MA-Com Technology Solutions Holdings presently has a consensus rating of Buy and an average price target of $18.71.

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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