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MA-Com Technology Solutions Holdings (NASDAQ:MTSI) issued its quarterly earnings data on Monday. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.34, AnalystRatingsNetwork.com reports. The company had revenue of $83.50 million for the quarter, compared to the consensus estimate of $84.78 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. MA-Com Technology Solutions Holdings updated its Q2 guidance to $0.26-0.28 EPS.

Several analysts have recently commented on the stock. 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 issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.71.

Shares of MA-Com Technology Solutions Holdings (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 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.

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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