Published On: Thu, Sep 8th, 2016

Jefferies Group Reaffirms Buy Rating for M/A-Com Technology Solutions Holdings Inc. (MTSI)

M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group in a research note issued on Thursday.
Other large investors have recently bought and sold shares of the company. Loomis Sayles & Co. L P raised its stake in M/A-Com Technology Solutions Holdings by 0.8% in the first quarter. Loomis Sayles & Co. L P now owns 53,721 shares of the company’s stock worth $2,352,000 after buying an additional 435 shares in the last quarter. Legal & General Group Plc raised its stake in M/A-Com Technology Solutions Holdings by 65.1% in the first quarter. Legal & General Group Plc now owns 3,693 shares of the company’s stock worth $161,000 after buying an additional 1,456 shares in the last quarter. Blue Rock Advisors LLC purchased a new stake in M/A-Com Technology Solutions Holdings during the first quarter worth approximately $200,000. Montag & Caldwell LLC raised its stake in M/A-Com Technology Solutions Holdings by 39.7% in the second quarter. Montag & Caldwell LLC now owns 18,080 shares of the company’s stock worth $596,000 after buying an additional 5,142 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in M/A-Com Technology Solutions Holdings by 4.9% in the first quarter. Geode Capital Management LLC now owns 146,115 shares of the company’s stock worth $6,398,000 after buying an additional 6,795 shares in the last quarter. 73.09% of the stock is currently owned by institutional investors.
In other news, SVP Donghyun Thomas Hwang sold 1,729 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $41.80, for a total value of $72,272.20. Following the sale, the senior vice president now directly owns 46,702 shares of the company’s stock, valued at approximately $1,952,143.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert Dennehy sold 8,125 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $39.90, for a total transaction of $324,187.50. Following the completion of the sale, the senior vice president now directly owns 63,584 shares in the company, valued at $2,537,001.60. The disclosure for this sale can be found here. 57.10% of the stock is currently owned by insiders.

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A number of other research firms have also recently issued reports on MTSI. Zacks Investment Research cut shares of M/A-Com Technology Solutions Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Barclays PLC reiterated a “buy” rating and set a $44.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research report on Thursday, July 28th. Needham & Company LLC reiterated a “buy” rating and set a $49.00 price objective on shares of M/A-Com Technology Solutions Holdings in a research report on Wednesday, July 27th. Bank of America Corp. cut shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $47.00 to $38.00 in a research report on Monday, June 27th. Finally, Craig Hallum reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Sunday, July 17th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $46.75.
Shares of M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) opened at 43.12 on Thursday. The firm has a market capitalization of $2.31 billion and a price-to-earnings ratio of 45.53. M/A-Com Technology Solutions Holdings has a 12-month low of $27.34 and a 12-month high of $45.46. The firm has a 50-day moving average of $39.97 and a 200 day moving average of $38.79.
M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, July 26th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm earned $142.30 million during the quarter, compared to analyst estimates of $140.02 million. M/A-Com Technology Solutions Holdings’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, equities research analysts expect that M/A-Com Technology Solutions Holdings will post $1.93 earnings per share for the current year.
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.

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