M/A-COM Technology Solutions Holdings (MTSI) Receives Price Target

M/A-COM Technology Solutions Holdings (MTSI) : Currently there are 7 street experts covering M/A-COM Technology Solutions Holdings (MTSI) stock. The most bullish and bearish price target for the stock is $52 and $42 respectively for the short term. The average price target of all the analysts comes to $47.14. The estimated standard deviation from the target is $3.63.

M/A-COM Technology Solutions Holdings (MTSI) : 4 brokerage houses believe that M/A-COM Technology Solutions Holdings (MTSI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on M/A-COM Technology Solutions Holdings (MTSI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.


Also, In a research note released to the investors, Bank of America downgrades its rating on M/A-COM Technology Solutions Holdings (NASDAQ:MTSI).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 27, 2016.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.12 and $39.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.76, notching a gain of 3.79% for the day. The total traded volume was 448,451 . The stock had closed at $41.20 on the previous day.

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.

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