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Needham & Company LLC hoisted their target price on shares of M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) from $22.00 to $24.00 in a research note issued on Thursday. Needham & Company LLC’s price target points to a potential upside of 21.03% from the stock’s previous close.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) traded down 0.35% on Thursday, hitting $19.83. 84,461 shares of the company’s stock traded hands. 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 $21.42 and its 200-day moving average is $18.99. The company’s market cap is $937.5 million.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.32 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 34.6% on a year-over-year basis. On average, analysts predict that M/A-COM Technology Solutions Holdings will post $1.22 earnings per share for the current fiscal year.

Several other analysts have also 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 Wednesday. They now have a $23.00 price target on the stock, up previously from $20.00. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $22.58.

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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