Jefferies Reiterates a Buy Rating on M/A-Com Technology

By Austin Angelo

In a report released today, Mark Lipacis from Jefferies reiterated a Buy rating on M/A-Com Technology (NASDAQ: MTSI), with a price target of $55. The company’s shares closed last Friday at $46.98.

According to, Lipacis is a top 25 analyst with an average return of 30.2% and a 79.6% 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 Strong Buy, with a price target consensus of $53.67.

Based on M/A-Com Technology’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $152 million and GAAP net loss of $965K. In comparison, last year the company earned revenue of $116 million and had a GAAP net loss of $15.57 million.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. Last month, Robert Mcmullan, the SVP & CFO of MTSI sold 8,563 shares for a total of $407,599.

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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 across the radio frequency (RF), microwave, millimeterwave, and photonic spectrum. Its products include RF pwer 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.