Goldman Sachs Group Inc. lowered shares of MA-Com Technology Solutions Holdings (NASDAQ:MTSI) from a buy rating to a neutral rating in a report released on Tuesday, TheFlyOnTheWall.com reports. Goldman Sachs Group Inc. currently has $17.00 price objective on the stock. The analysts noted that the move was a valuation call.
In other MA-Com Technology Solutions Holdings news, SVP Michael T. Murphy sold 11,219 shares of the stock on the open market in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $17.98, for a total value of $201,717.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on MTSI. Analysts at Raymond James raised their price target on shares of MA-Com Technology Solutions Holdings from $16.00 to $18.00 in a research note to investors on Monday, August 5th. They now have an outperform rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of MA-Com Technology Solutions Holdings from $19.00 to $20.00 in a research note to investors on Thursday, August 1st. They now have a buy rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of MA-Com Technology Solutions Holdings from $17.00 to $19.00 in a research note to investors on Thursday, August 1st. They now have a buy rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. MA-Com Technology Solutions Holdings has a consensus rating of Buy and a consensus target price of $18.04.
MA-Com Technology Solutions Holdings (NASDAQ:MTSI) traded up 4.54% during mid-day trading on Tuesday, hitting $17.05. 14,575 shares of the company’s stock traded hands. MA-Com Technology Solutions Holdings has a 1-year low of $10.01 and a 1-year high of $18.00. The stock’s 50-day moving average is $16.71 and its 200-day moving average is $15.1. The company has a market cap of $787.3 million and a P/E ratio of 18.79.
MA-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.01. The company had revenue of $82.20 million for the quarter, compared to the consensus estimate of $80.12 million. During the same quarter last year, the company posted $0.25 earnings per share. MA-Com Technology Solutions Holdings’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that MA-Com Technology Solutions Holdings will post $0.92 earnings per share for the current fiscal year.
M/A-COM Technology Solutions Holdings, Inc (NASDAQ:MTSI) is a provider of high-performance analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave and millimeterwave spectrum.
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