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M A-COM Tech (NASDAQ:MTSI) target price lowered to $42.00, issued a ratings update today by Needham

Yesterday M A-COM Tech (NASDAQ:MTSI) traded 3.05% higher at $40.88. The company’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 S&P 500 which has increased 0.02% over the same time. 1,096,089 shares of the stock were exchanged, up from an average trading volume of 929,917

In a report released on 11/15/2017 Needham reduced the stock price target of M A-COM Tech (NASDAQ:MTSI) from $45.00 to $42.00 reporting a possible upside of 0.03%.

On 10/18/2017, Needham reported about M A-COM Tech (NASDAQ:MTSI) lowered the target price from $56.00 to $45.00 that indicated a possible upside of 0.19%.

See Chart Below

M A-COM Tech (NASDAQ:MTSI)

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

Also covering M A-COM Tech's price target, a total of 11 analysts have released a report on MTSI. The one year target is $47.36 with four equity analysts rating the company a strong buy, 7 brokers rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero brokerages rating the company a sell.

General Company Details For 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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