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BofA Merrill downgraded M A-COM Tech (NASDAQ:MTSI) from Neutral to Underperform in a report released today.

BofA Merrill has downgraded M A-COM Tech (NASDAQ:MTSI) from Neutral to Underperform in a report released on 11/15/2017.

Previously on 10/18/2017, Needham reported on M A-COM Tech (NASDAQ:MTSI) reduced the target price from $56.00 to $45.00. At the time, this indicated a possible upside of 0.19%.

Just yesterday M A-COM Tech (NASDAQ:MTSI) traded 3.05% higher at $40.88. M A-COM Tech’s 50-day moving average is $43.59 and its 200-day moving average is $50.72. The last closing price is down -25.68% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 1,096,089 shares of MTSI traded hands, up from an average trading volume of 929,917

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M A-COM Tech has 52 week low of $35.33 and a 52 week high of $65.99 and has a market capitalization of $0.

In addition to BofA Merrill reporting its stock price target, a total of 11 brokers have issued a research note on the company. The average stock price target is $47.36 with 4 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On M A-COM Tech (NASDAQ:MTSI)

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. It offered a portfolio of over 4,500 standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components and complete subsystems, across more than 40 product lines serving three primary markets, as of September 30, 2016. The Company's products are RF Power Products, Optoelectronics and Photonic Solutions, among others.

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