M/A-COM Technology Solutions Hldgs Inc (NASDAQ:MTSI) a Buy: Merrill Lynch

In a research note issued to investors, Vivek Arya at Merrill Lynch Initiated M/A-COM Technology Solutions Hldgs Inc (NASDAQ:MTSI) to a Buy. The analyst placed a $42.00 price target on the stock which indicates a 22.70% upside to the last closing price. In the year following Arya’s ratings, the stocks covered yield an average return of 15.30% according to TipRanks.com. In the past year 28 out of 48 recommendations or 58% were successful.

M/A-COM Technology Solutions Hldgs Inc (NASDAQ:MTSI) shares opened the most recent trading session at 34.09 and at the time of writing the last Bid was at 33.91. In the current trading session the stock reached as high as 34.145 and dipped down to 33.40. M/A-COM Technolog, a NasdaqNM listed company, has a current market cap of 1.621B and on average over the past 3 months has seen 391577 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 31.8488. Based on a recent trade, this puts the equity at +6.72% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -4.55% away from it’s 52-week high of 35.61 and +115.67% away from the stock’s low point over the past 52 weeks, which was 15.76. On a consensus basis, analysts have a one year target price of 36.88. The company last reported earnings per share of -0.269.

The consensus analyst estimates according to First Call for the next quarter is 0.42. The current year EPS estimate on the stock is 1.64 and the EPS estimate for next year sits at 2.08. In looking at the fundamentals, MTSI has a P/E ratio of N/A and a price to book ratio of 7.20. The company’s Book Value is 4.76 and most recently reported EBITDA of 96.9M. The price compared to next year’s EPS estimate in the current year is 16.48.

Company Profile

M/A-COM Technology Solutions Hldgs Inc (MTSI) is a supplier of analog semiconductor solutions for use in wireless and wireline applications across the radio microwave and millimeter wave spectrum. The Company’s semiconductor products are electronic components which includes point-to-point wireless backhaul radios, radar, automobile navigation systems, digital cable television (CATV) set-top boxes, magnetic resonance imaging systems and unmanned aerial vehicles. The Company operates in four markets: Networks, which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications; Aerospace and Defense; Automotive, which includes global positioning system modules sold to the automotive industry; and Multi-market, which includes industrial, medical, mobile communications and scientific applications. The Company serves systems manufacturers, OEMs, contract manufacturers and distributors.