M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) was downgraded by equities research analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. They presently have a $41.00 price objective on the stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 0.76% from the company’s previous close.

MTSI has been the topic of several other reports. Jefferies Group reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, September 8th. Craig Hallum reissued a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research note on Sunday, July 17th. Bank of America Corp. downgraded shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and cut their target price for the company from $47.00 to $38.00 in a research note on Monday, June 27th. Needham & Company LLC reissued a “buy” rating and issued a $49.00 target price on shares of M/A-Com Technology Solutions Holdings in a research note on Wednesday, July 27th. Finally, Barclays PLC reissued a “buy” rating and issued a $44.00 target price on shares of M/A-Com Technology Solutions Holdings in a research note on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. M/A-Com Technology Solutions Holdings presently has an average rating of “Buy” and an average price target of $46.21.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) traded down 4.17% on Tuesday, hitting $40.69. 626,199 shares of the stock traded hands. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 42.97 and a beta of 1.33. The firm’s 50-day moving average price is $40.89 and its 200-day moving average price is $38.98. M/A-Com Technology Solutions Holdings has a 12-month low of $27.34 and a 12-month high of $45.46.

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M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. M/A-Com Technology Solutions Holdings had a net margin of 10.06% and a return on equity of 14.99%. The business had revenue of $142.30 million for the quarter, compared to analyst estimates of $140.02 million. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, equities research analysts anticipate that M/A-Com Technology Solutions Holdings will post $1.93 EPS for the current fiscal year.

In other news, SVP Preetinder S. Virk sold 3,177 shares of the company’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $35.00, for a total transaction of $111,195.00. Following the completion of the transaction, the senior vice president now owns 43,946 shares of the company’s stock, valued at approximately $1,538,110. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lunsen Gil J. Van sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $41.06, for a total transaction of $41,060.00. Following the transaction, the director now directly owns 20,916 shares of the company’s stock, valued at approximately $858,810.96. The disclosure for this sale can be found here. Insiders own 57.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP purchased a new stake in shares of M/A-Com Technology Solutions Holdings during the first quarter worth about $141,121,000. Franklin Resources Inc. boosted its stake in shares of M/A-Com Technology Solutions Holdings by 45.6% in the first quarter. Franklin Resources Inc. now owns 2,116,423 shares of the company’s stock worth $92,678,000 after buying an additional 663,171 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of M/A-Com Technology Solutions Holdings by 38.3% in the second quarter. Jennison Associates LLC now owns 2,312,184 shares of the company’s stock worth $76,256,000 after buying an additional 640,827 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of M/A-Com Technology Solutions Holdings by 96.7% in the second quarter. Royal Bank of Canada now owns 1,129,296 shares of the company’s stock worth $37,245,000 after buying an additional 555,037 shares during the last quarter. Finally, GW&K Investment Management LLC purchased a new stake in shares of M/A-Com Technology Solutions Holdings during the first quarter worth about $23,658,000. 72.39% of the stock is owned by institutional investors.

About M/A-Com Technology Solutions Holdings

MACOM Technology Solutions Holdings, Inc, formerly M/A-COM Technology Solutions Holdings, Inc, is a provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum. The Company operates through semiconductors and modules segment.

5 Day Chart for NASDAQ:MTSI

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