MA-COM Technology Solutions Holdings Upgraded to Neutral at Zacks (MTSI)

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MA-COM Technology Solutions Holdings (NASDAQ: MTSI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, StockRatingsNetwork.com reports. The firm currently has a $14.30 price target on the stock. Zacks‘ price target suggests a potential upside of 2.73% from the stock’s previous close.

MA-COM Technology Solutions Holdings (NASDAQ: MTSI) traded down 0.43% on Tuesday, hitting $13.86. MA-COM Technology Solutions Holdings has a 1-year low of $10.01 and a 1-year high of $20.84. The stock’s 50-day moving average is currently $15.27. The company has a market cap of $636.9 million and a price-to-earnings ratio of 14.41.

MA-COM Technology Solutions Holdings (NASDAQ: MTSI) last released its earnings data on Tuesday, April 30th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.02. The company had revenue of $77.80 million for the quarter, compared to the consensus estimate of $77.59 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. MA-COM Technology Solutions Holdings has set its Q3 guidance at $0.22-0.24 EPS. On average, analysts predict that MA-COM Technology Solutions Holdings will post $0.94 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus cut their price target on shares of MA-COM Technology Solutions Holdings from $20.00 to $19.00 in a research note to investors on Thursday, May 2nd. They now have a “buy” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of MA-COM Technology Solutions Holdings from $18.50 to $16.00 in a research note to investors on Thursday, May 2nd. Finally, analysts at Jefferies Group cut their price target on shares of MA-COM Technology Solutions Holdings from $21.00 to $19.00 in a research note to investors on Thursday, May 2nd.

Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. MA-COM Technology Solutions Holdings currently has an average rating of “Buy” and a consensus target price of $17.47.

M/A-COM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) is a provider of analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave and millimeterwave spectrum.

To view Zacks’ full report, visit www.zacks.com

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