Jefferies Believes M/A-Com Technology (NASDAQ: MTSI) Won’t Stop Here

By Ryan Adsit

In a report released yesterday, Mark Lipacis from Jefferies reiterated a Buy rating on M/A-Com Technology (NASDAQ: MTSI), with a price target of $66. The company’s shares opened today at $55.88, close to its 52-week high of $57.30.

According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 30.2% and a 81.0% success rate. Lipacis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Activision Blizzard, and NXP Semiconductors.

M/A-Com Technology has an analyst consensus of Moderate Buy, with a price target consensus of $63.

The company has a one year high of $57.30 and a one year low of $29.56. Currently, M/A-Com Technology has an average volume of 582.1K.

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MACOM Technology Solutions Holdings, Inc. engages in the provision of semiconductor solutions that enable internet applications, cloud connected apps economy, and modern, networked battlefield. Its products include radio frequency power products, optoelectronics, photonic solutions, optical sub-assemblies, amplifiers, diodes, crosspoints, and signal conditioners. The company was founded on March 25, 2009 and is headquartered in Lowell, MA.