Analysts Have Conflicting Sentiments on These Technology Companies: NII Holdings (NASDAQ: NIHDQ), M/A-Com Technology (NASDAQ: MTSI) and Sina Corp (NASDAQ: SINA)

By Ryan Adsit

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on NII Holdings (NASDAQ: NIHDQ), M/A-Com Technology (NASDAQ: MTSI) and Sina Corp (NASDAQ: SINA).

NII Holdings (NASDAQ: NIHDQ)

In a report released yesterday, Mike McCormack from Jefferies reiterated a Sell rating on NII Holdings (NASDAQ: NIHDQ), with a price target of $1.50.

McCormack noted:

“Third quarter results showed better subscriber losses, largely driven by lower churn, though revenue was lower given F/X volatility. Nevertheless, a disciplined focus on cost cutting drove the second consecutive quarter of positive EBITDA. While we recognize signs of stabilization, we remain concerned given macro and competitive pressures, the path to sustainable free cash flow generation, and liquidity.”

According to TipRanks.com, McCormack is a top 100 analyst with an average return of 11.9% and a 78.7% success rate. McCormack covers the Technology sector, focusing on stocks such as Fairpoint Communications, Consolidated Comms., and Frontier Comms.

NII Holdings has an analyst consensus of Moderate Sell, with a price target consensus of $1.50.

M/A-Com Technology (NASDAQ: MTSI)

Jefferies analyst Mark Lipacis reiterated a Buy rating on M/A-Com Technology (NASDAQ: MTSI) yesterday and set a price target of $52. The company’s shares closed yesterday at $45.42, close to its 52-week high of $47.25.

Lipacis said:

“MTSI’s acquisition of AMCC strengthens its position as a leading vendor of 100G optical components and expands its TAM in core comm/networking markets. The acquisition is in line with our M&A Framework as AMCC was subscale, with a high opex burden dedicated to developing X-Gene, a 64-bit ARM server SoC— MTSI intends to divest this within 100 days of closing (C1Q17). MTSI remains a top small cap pick.”

According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 26.6% and a 81.3% success rate. Lipacis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Lattice Semicon.

Currently, the analyst consensus on M/A-Com Technology is Strong Buy and the average price target is $49.25, representing an 8.4% upside.

In a report issued on November 16, Needham also reiterated a Buy rating on the stock with a $49 price target.
Sina Corp (NASDAQ: SINA)

In a report released today, Karen Chan from Jefferies reiterated a Buy rating on Sina Corp (NASDAQ: SINA), with a price target of $95. The company’s shares closed yesterday at $74.05.

Chan noted:

“3Q16 results beat. Portal ad delivered positive growth on a constant currency basis for the second consecutive quarter, showing continued sign of stabilization largely driven by improving mobile news app traffic mix. Management also reiterated their commitment to unlock shareholder value.”

According to TipRanks.com, Chan is a 3-star analyst with an average return of 1.6% and a 54.2% success rate. Chan covers the Technology sector, focusing on stocks such as Alibaba Group, Facebook Inc, and Alphabet Inc.

Currently, the analyst consensus on Sina Corp is Strong Buy and the average price target is $111.50, representing a 50.6% upside.

In a report issued on November 9, Brean Capital also reiterated a Buy rating on the stock.