M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) : Zacks Investment Research ranks M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.5, which indicates as a Strong Buy.
M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) stock is expected to deviate a maximum of $4.86 from the average target price of $46.06 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $38.
For the current week, the company shares have a recommendation consensus of Buy.
M/A-COM Technology Solutions Holdings (NASDAQ:MTSI): stock turned positive on Tuesday. Though the stock opened at $30.25, the bulls momentum made the stock top out at $32.12 level for the day. The stock recorded a low of $30.04 and closed the trading day at $31.72, in the green by 6.43%. The total traded volume for the day was 1,102,741. The stock had closed at $29.805 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Croteau John, director officer (President and CEO) of Macom Technology Solutions Holdings, Inc., had unloaded 2,000 shares at an average price of $36.7 in a transaction dated on June 1, 2016. The total value of the transaction was worth $73,400.
M/A-COM Technology Solutions Holdings, Inc. is a supplier of analog semiconductor solutions for use in wireless and wireline applications across the radio microwave and millimeter wave spectrum. The Companys semiconductor products are electronic components which includes point-to-point wireless backhaul radios, radar, automobile navigation systems, digital cable television (CATV) set-top boxes, magnetic resonance imaging systems and unmanned aerial vehicles. The Company operates in four markets: Networks, which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications; Aerospace and Defense; Automotive, which includes global positioning system modules sold to the automotive industry; and Multi-market, which includes industrial, medical, mobile communications and scientific applications. The Company serves systems manufacturers, OEMs, contract manufacturers and distributors.