M A-COM Tech (NASDAQ:MTSI) has been downgraded from Buy to Neutral in a statement by Goldman Sachs earlier today.
- Updated: September 20, 2016
Goldman Sachs has downgraded M A-COM Tech(NASDAQ:MTSI) from Buy to Neutral in a statement released on Tuesday September 20 2016.
Boasting a price of $42.46, M A-COM Tech (NASDAQ:MTSI) traded 3.25% lower on the day. The last stock price is up 5.37% from the 200-day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. The company has recorded a 50-day average of $40.87 and 200-day moving average of $38.99. 119,172 shares of M A-COM Tech traded hands, down from ann average volume of 462,045
M A-COM Tech has a one-year low of $27.34 and a 52 week high of $45.46 with a price-earnings ratio of 43. The company’s total market value is currently $0.0.
In addition to Goldman Sachs reporting it’s stock price target, a total of 11 analysts have released a report on MTSI. The one year target stock price is $47.36 with four firms rating the company a strong buy, seven firms rating the stock a buy, 0 analysts rating the stock a hold, 0 rating the stock to underperform, and lastly 0 analystsrating the stock as sell.
General Company Details For M A-COM Tech (NASDAQ:MTSI)
MACOM Technology Solutions Holdings, Inc., formerly M/A-COM Technology Solutions Holdings, Inc., is a provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum. The Company operates through semiconductors and modules segment. Its semiconductor products are electronic components, such as point-to-point wireless backhaul radios, antenna arrays, radar, magnetic resonance imaging (MRI) systems and unmanned aerial vehicles (UAVs). The Company offers its products in over three markets, such as networks, which include carrier and enterprise infrastructure, wired broadband and cellular backhaul, photonic solutions and fiber optic applications; aerospace and defense (A&D), which include military and commercial radar, RF jammers, electronic countermeasures and communication data links, and multi-market, which includes industrial, and medical and scientific applications.
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