M A-COM Tech (NASDAQ:MTSI) Rating Reconfirmed

The broker have set price target of $40.0 on M A-COM Tech (NASDAQ:MTSI) shares. This is -2.15 % from the last price. In a research note revealed to clients and investors on 16 November, Barclays reconfirmed their Overweight rating on shares of MTSI.

NASDAQ:MTSI is now trading 4.88% higher at $31.49 as of 8:08 AM New York time. M A-COM Tech’s stock is 0% in the last 200 days. It has underperformed the S&P 500, which has surged 6.00% in the same time period.

According to data compiled by Thomson Reuters, M A-COM Tech (NASDAQ:MTSI)’s stock is covered by 11 equity analysts across the Street, with 0 analysts giving it a Sell rating, 11 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $47.36, which reflects an upside potential of 50.40% over the current price.

Institutional Ownership

Summit Partners L P had the biggest stake with ownership of 1.22M shares as of Q2 2015 for 11.35% of the US long stock exposure. Magee Thomson Investment Partners Llc is another notably bullish investment professional who is owning 300,300 shares of M A-COM Tech or 4.2% of their US long stock exposure. Furthermore, Weatherbie Capital Llc have 3.34% of their US long stock exposure invested in the company for 627,718 shares. The Minnesota-based fund Summit Creek Advisors Llc revealed it had acquired a stake worth about 2.42% of the investment professional’s stock portfolio in M A-COM Tech. The Connecticut-based fund Scholtz & Company Llc is also positive about the stock, possessing 349,037 shares or 2.13% of their US long stock exposure.

M A-COM Tech (NASDAQ:MTSI) Profile

MACOM Technology Solutions Holdings, Inc. is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia. It also offers foundry services.

M A-COM Tech (NASDAQ:MTSI) traded up 4.88% on 16 November, hitting $31.49. A total of 2.37 million shares of the company’s stock traded hands. This is up from average of 1.05 million shares. M A-COM Tech has a 52 week low of $29.73 and a 52 week high of $65.99. The company has a market cap of $2.02 billion and a P/E ratio of 0.

Get the latest M A-COM Tech (NASDAQ:MTSI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post M A-COM Tech (NASDAQ:MTSI) Overweight Rating Reaffirmed by Barclays; With $40.0 Target appeared first on Octafinance.