MACOM Technology Solutions Holdings, Inc - MTSI STOCK NEWS

MACOM Technology Solutions Holdings, Inc. (MTSI) has announced the pricing of $400 million in 0.250% convertible senior notes, due in 2026. The offering targets qualified institutional buyers under Rule 144A of the Securities Act, with a potential additional purchase option of $60 million. Proceeds will partially repay outstanding term loans. The notes have a conversion rate of 12.1767 shares per $1,000 principal, reflecting a 40% premium based on MACOM's recent stock price of $58.66. The sale closes on March 25, 2021, subject to conditions.

MACOM Technology Solutions Holdings (MTSI) plans to offer $400 million of convertible senior notes due 2026, with an option for an additional $60 million. These notes will be sold to qualified institutional buyers under Rule 144A of the Securities Act. The company intends to use the net proceeds to partially repay outstanding term loans. The notes will mature on March 15, 2026, and may be settled in cash, shares, or a mix. The offering is not registered under the Securities Act and will not be available in jurisdictions where it would be unlawful without registration.

MACOM Technology Solutions Holdings plans to utilize $100 million of available cash and short-term investments to reduce its outstanding term loans, which are secured and due by May 2024. This debt reduction aims to decrease interest expenses, as noted by CEO Stephen G. Daly, highlighting a focus on enhancing product portfolio and profitability. MACOM manufactures semiconductor products for various sectors including telecommunications and defense and is certified under ISO9001 and ISO14001.

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) announces the appointment of John Ritchie as an independent Director, enhancing its Board with his 25 years of experience in networking technology. Current CFO of A Cloud Guru, Ritchie has held key financial roles at Aerohive Networks and Ubiquiti Networks. His proven track record is expected to contribute positively to MACOM’s strategic direction. The company specializes in semiconductor products for telecommunications, industrial, defense, and data centers, holding certifications in quality management.

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) reported first-quarter fiscal year 2021 results, showing a 24.7% revenue increase to $148.5 million, from $119.1 million year-over-year. Gross margin improved to 54.0%, up from 48.9%. Operating income was $12.1 million compared to a loss of $10.5 million in the previous year. However, the company reported a net loss of $9.0 million, narrowing from a loss of $28.4 million last year. Looking ahead, MACOM expects second-quarter revenue between $148 million and $152 million, with adjusted EPS projected between $0.46 and $0.50.

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) will report its first quarter fiscal year 2021 financial results on January 28, 2021, before market open. The announcement will be followed by a conference call at 8:30 a.m. ET, featuring the CEO, Stephen G. Daly, and CFO, John F. Kober. This event provides an opportunity for investors and analysts to gain insights into MACOM's performance and future outlook. Interested parties can access the call via phone or online, with a replay available for five business days.

MACOM Technology Solutions will showcase its latest semiconductor solutions at the ECOC 2020 Virtual Conference from December 7-9. Attendees are encouraged to schedule private meetings with MACOM's engineering and sales teams to explore innovative products including the Flip-Chip Quad Channel Driver and Transimpedance Amplifier for 400G ZR and PAM4 100G to 800G Transimpedance Amplifiers. These offerings are designed for high-performance optical interconnects, catering to next-generation data center and telecommunications applications.

MACOM Technology Solutions Holdings (NASDAQ: MTSI) will announce its fourth quarter and fiscal year results on November 5, 2020, after market close. The announcement will be followed by a conference call at 5:00 p.m. ET, hosted by CEO Stephen G. Daly and CFO John F. Kober. Interested parties can access the call through a toll-free number or via the Internet. A replay will also be available for five business days after the call. MACOM specializes in semiconductor products for various applications including Data Center and Telecommunication.

RENEW Energy Partners has formed an agreement with MACOM Technology Solutions (MTSI) to implement a Microgrid-as-a-Service program, enhancing energy efficiency and helping reduce carbon emissions by 1869 metric tons annually. This initiative, set to be operational in late 2021, allows clients to meet sustainability goals with reduced financial burden, as RENEW covers all capital investments. The program aims to increase energy resilience and decrease operating expenses for commercial and industrial customers.