M A-Com Technology (NASDAQ:MTSI) Rating Reaffirmed
M A-Com Technology (NASDAQ:MTSI) just had their share rating of a ‘”Buy”‘ issued by research analysts at Needham, who now has a $46.00 Estimated Target Price on the $1.96 billion market cap company or a 17.59% upside potential. This key information was shown in a note on Friday morning.
From a total of 9 analysts covering M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $46 while the lowest target price is $36. The mean of all analyst targets is $39.94 with a 2.61% above today’s ($38.74) stock price. M/A-Com Technology Solutions Holdings was the topic of 6 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on December 3 with “Buy” rating. Zacks downgraded MTSI stock in a recent report from August 20 to “Hold” rating. Finally, Jefferies reinitiated the stock with “Buy” rating in a report issued on an August 18.
The stock increased 1.84% or $0.7 during the last trading session, striking $38.74. Approximately 441,430 shares of stock traded hands or 7.53% up from the average. M A-COM Technology Solutions Hldgs Inc (NASDAQ:MTSI) has risen 8.25% since May 15, 2015 and is uptrending. It has outperformed by 12.06% the S&P500.
The overall sentiment of institutions has decreased to 1.44 in Q2 2015. Its down 0.18, from 1.62 in 2015Q2. The ratio dived, as 22 institutions have sold all the shares of M A-COM Technology Solutions Hldgs Inc that they owned while 28 funds have taken shares off the table. 18 funds have purchased shares for the first time while 54 added to their positions. These institutions now hold 31.93 million shares or 5.47% less than the 33.77 million shares they owned in 2015Q2.
The Fund Summit Partners L P currently is holding shares equating to 75.17% of its total portfolio in M A-COM Technology Solutions Hldgs Inc representing a total of 6.21 million shares. Another fund,Bodri Capital Management Llc, is holding a total of 100,000 shares equating to 2.88% of their holdings. Additionally, Summit Creek Advisors Llc has a 492,705 share stake in M A-COM Technology Solutions Hldgs Inc which represents 2.32% of their total portfolio. The Fund, Aureus Asset Management Llc, based out of Massachusetts, has also built up a stake in the stock, which represents a total of 1.81% of their total portfolio. Finally Century Capital Management Llc, a fund which is based in the state of Massachusetts reported a total holdings of 702,175 shares.
Insider activity is a very important aspect to track on any stock. Going back to April 3, 2015, shareholders of M A-COM Technology Solutions Hldgs Inc have witnessed 0 buys, and a total of 6 insider sales equating to a net activity of approximately $1.23 million . Baker Walter Gregory sold 16,664 shares worth approximately $583,240. Dennehy Robert sold 10,000 shares worth approximately $340,000. Croteau John sold 3,000 shares worth approximately $83,340. Bland Charles R sold 500 shares worth approximately $21,000. The company insider Kennedy John Francis sold 1,055 shares worth $41,947.
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 company has a market cap of $1.96 billion. The Company’s semiconductor products are electronic components which includes point-to-point wireless backhaul radios, radar, automobile navigation systems, digital cable television set-top boxes, magnetic resonance imaging systems and unmanned aerial vehicles. It currently has negative earnings. The Firm 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.
According to Zacks Investment Research, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts.”