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M A-COM Tech (NASDAQ:MTSI) was Downgraded at JPMorgan from a “Overweight” Rating to “Neutral” One

JP Morgan Analyst Rating Change M A-COM Tech NASDAQ:MTSI

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

In an analyst report issued to clients today, JPMorgan cut shares of M A-COM Tech (NASDAQ:MTSI) to “Neutral” rating from “Overweight” rating.

Despite the firm’s rating downgrade NASDAQ:MTSI is right now trading 4.88% higher at $31.49 as of 4:09 AM New York time. M A-COM Tech shares have [From2] 0% in the last 200 days, while the Standard & Poor’s 500 index has surged 6.00% in the same time period.

Out of 11 analysts covering M A-COM Tech, 11 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $52 and the lowest is $38 according to Thomson/First Call. The 12-month mean target is $47.36, which means upside potential of 50.40% over the current price.

Institutional Ownership

Summit Partners L P had the largest stake with ownership of 1.22 million shares as of q2 2015 for 11.35% of the US equity exposure. Magee Thomson Investment Partners Llc is another bullish institutional investor who is having 300,300 shares of M A-COM Tech or 4.2% of their US equity exposure. Furthermore, Weatherbie Capital Llc have 3.34% of their US equity exposure invested in the company for 627,718 shares. The Minnesota-based fund Summit Creek Advisors Llc revealed it had purchased a stake worth about 2.42% of the institutional investor’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 equity 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 7 February, hitting $31.49. A total of 2.37M shares of the company’s stock traded hands. This is up from average of 1.05M 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 $2.02B 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) was Downgraded at JPMorgan from a “Overweight” Rating to “Neutral” One appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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M A-COM Tech (NASDAQ:MTSI) was Downgraded at JPMorgan from a “Overweight” Rating to “Neutral” One


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