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M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.30-0.32 for the period, compared to the Thomson Reuters consensus estimate of $0.32, StockRatingsNetwork reports. The company issued revenue guidance of $108-112 million, compared to the consensus revenue estimate of $109.80 million.

Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an outperform rating on shares of M/A-COM Technology Solutions Holdings in a research note on Tuesday. They now have a $20.00 price target on the stock. On a related note, analysts at Zacks downgraded shares of M/A-COM Technology Solutions Holdings from an outperform rating to a neutral rating in a research note on Monday, April 14th. They now have a $23.60 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of M/A-COM Technology Solutions Holdings from $20.00 to $22.00 in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $20.66.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) traded up 1.69% during mid-day trading on Tuesday, hitting $17.50. 66,954 shares of the company’s stock traded hands. M/A-COM Technology Solutions Holdings has a one year low of $12.76 and a one year high of $21.70. The stock’s 50-day moving average is $19.77 and its 200-day moving average is $17.23. The company has a market cap of $815.4 million and a P/E ratio of 54.12.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $107.80 million for the quarter, compared to the consensus estimate of $104.98 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. Analysts expect that M/A-COM Technology Solutions Holdings will post $1.18 EPS for the current fiscal year.

In other M/A-COM Technology Solutions Holdings news, SVP Suja Ramnath unloaded 7,500 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $18.17, for a total transaction of $136,275.00. Following the transaction, the senior vice president now directly owns 34,548 shares of the company’s stock, valued at approximately $627,737. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

M/A-COM Technology Solutions Holdings, Inc (NASDAQ:MTSI) is a provider of high-performance analog semiconductor solutions for uses in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum.

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