M/A-COM price target raised to $21 from $17 at Jefferies Jefferies says it remains a buyer of M/A-COM shares following the company's December quarter results given its new product pipeline of higher-margin products. The firm raised its price target for shares to $21 and keeps a Buy rating on the name.
M/A-COM to divest automotive business to Autolive ASP for $100M M/A-COM Technology has entered into a definitive agreement to sell its Automotive business to Autoliv ASP. The Automotive business represented approximately 18% of MACOMís consolidated revenue in Q2. The agreed consideration to MACOM for the Automotive business is to be $100M in cash, subject to customary working capital and other adjustments, plus the opportunity to receive up to an additional $30M in cash based on achievement of revenue-based earn-out targets through 2019.