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M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) shares hit a new 52-week high during trading on Monday , AnalystRatings.Net reports. The stock traded as high as $22.05 and last traded at $21.69, with a volume of 272,594 shares traded. The stock had previously closed at $20.00.

A number of research firms have recently commented on MTSI. Analysts at Raymond James reiterated an “outperform” rating on shares of M/A-COM Technology Solutions Holdings in a research note on Tuesday, April 29th. They now have a $20.00 price target on the stock. 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $20.66.

The stock’s 50-day moving average is $17.55 and its 200-day moving average is $17.36. The company’s market cap is $1.035 billion.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) last released its earnings data on Tuesday, April 29th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.24 earnings per share. M/A-COM Technology Solutions Holdings’s revenue was up 36.8% compared to the same quarter last year. Analysts expect that M/A-COM Technology Solutions Holdings will post $1.19 EPS for the current fiscal year.

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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