Market Overview

UPDATE: Jefferies Cuts PT to $17 on M/A-COM Technology Solutions Holdings on Lower Guidance

Related MTSI
Earnings Scheduled For November 17, 2015
MACOM's 12G Chipset Selected for Marshall Electronics' New 12G-SDI Broadcast Converters
Recommendation Spotlight MTSI Long Swing Trade (Marketfy Insights)

Jefferies reiterated its Buy rating on M/A-COM Technology Solutions Holdings (NASDAQ: MTSI) but reduced its price target from $21 to $17.

Jefferies commented, "MTSI beat SepQ EPS by $0.02 and guided DecQ revs 150bps below consensus at the mid-point. We cut our CY13 EPS by $0.06 and price target by $4, but remain buyers given: 1) better revenue performance relative to competitors, 2) robust new product pipeline of highermargin products should translate to higher growth and gross margin expansion of 400 bps through EOCY13.

M/A-COM Technology Solutions Holdings closed at $10.75 on Tuesday.

Latest Ratings for MTSI

Oct 2015BarclaysMaintainsOutperform
Jul 2015NeedhamUpgradesHoldBuy
Jun 2015Drexel HamiltonDowngradesBuyHold

View More Analyst Ratings for MTSI
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Pre-Market Outlook Analyst Ratings


Related Articles (MTSI)

Get Benzinga's Newsletters