Needham & Company Sets M/A-COM Technology Solutions Holdings Price Target at $22.00 (MTSI)

By admin | 6 years ago

Needham & Company lowered their price target on shares of M/A-COM Technology Solutions Holdings (NASDAQ: MTSI) from $25.00 to $22.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock.

MTSI has been the subject of a number of other recent research reports. Analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of M/A-COM Technology Solutions Holdings in a research note to investors on Tuesday, April 24th. They set an “overweight” rating and a $27.00 price target on the stock. Separately, analysts at Raymond James (NYSE: RJF) initiated coverage on shares of M/A-COM Technology Solutions Holdings in a research note to investors on Tuesday, April 24th. They set an “outperform” rating and a $24.00 price target on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of M/A-COM Technology Solutions Holdings in a research note to investors on Tuesday, April 24th. They set a “buy” rating and a $26.00 price target on the stock.

M/A-COM Technology Solutions Holdings traded down 2.96% on Wednesday, hitting $15.75. M/A-COM Technology Solutions Holdings has a 1-year low of $19.00 and a 1-year high of $22.43. The company’s market cap is $27.9 million.

M/A-COM Technology Solutions Holdings last released its earnings data on Tuesday, May 8th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that M/A-COM Technology Solutions Holdings will post $0.31 EPS next quarter.

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

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