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Shares of M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) have earned an average rating of “Buy” from the nine ratings firms that are covering the stock, StockRatingsNetwork.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $21.08.

Shares of M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) opened at 20.79 on Wednesday. M/A-COM Technology Solutions Holdings has a 52-week low of $13.20 and a 52-week high of $23.44. The stock’s 50-day moving average is $21.41 and its 200-day moving average is $18.71. The company’s market cap is $978.4 million.

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 (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. On average, analysts predict that M/A-COM Technology Solutions Holdings will post $1.19 earnings per share for the current fiscal year.

MTSI has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of M/A-COM Technology Solutions Holdings in a research note on Tuesday, July 15th. They now have a $24.00 price target on the stock, up previously from $20.00. 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.

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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