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M/A-COM Technology Solutions Holdings (NASDAQ:MTSI)‘s stock had its “outperform” rating reiterated by Raymond James in a research note issued on Wednesday. They currently have a $23.00 price target on the stock, up from their previous price target of $20.00. Raymond James’ price objective indicates a potential upside of 17.17% from the company’s current price.

Shares of M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) traded down 1.40% during mid-day trading on Wednesday, hitting $19.68. The stock had a trading volume of 179,956 shares. M/A-COM Technology Solutions Holdings has a 1-year low of $13.20 and a 1-year high of $23.44. The stock’s 50-day moving average is $21.62 and its 200-day moving average is $18.96. The company’s market cap is $926.2 million.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.32 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.32. The company had revenue of $112.40 million for the quarter, compared to the consensus estimate of $110.75 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 34.6% compared to the same quarter last year. On average, analysts predict that M/A-COM Technology Solutions Holdings will post $1.19 earnings per share for the current fiscal year.

Separately, 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. M/A-COM Technology Solutions Holdings presently has a consensus rating of “Buy” and a consensus target price of $21.45.

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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