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MACOM Technology Solutions Holdings, Inc - MTSI STOCK NEWS

Welcome to our dedicated page for MACOM Technology Solutions Holdings news (Ticker: MTSI), a resource for investors and traders seeking the latest updates and insights on MACOM Technology Solutions Holdings stock.

MACOM Technology Solutions Holdings, Inc. (symbol: MTSI) is a leading provider of analog, digital, and mixed-signal semiconductor solutions. The company's innovative products are essential components in a wide range of systems, spanning industrial, medical, scientific, and test and measurement markets. MACOM's portfolio includes integrated circuits, multichip modules, power pallets, transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.

Headquartered in Lowell, Massachusetts, MACOM is at the forefront of technology that powers modern communications infrastructure. The company's breakthroughs in semiconductor technologies cater to optical, wireless, and satellite networks, helping to meet the global demand for information. MACOM's solutions increase mobile internet speed and coverage, and enable fiber optic networks to handle enormous volumes of data for businesses, homes, and data centers.

MACOM's technology also plays a crucial role in safety and security. Their next-generation radar systems are used in air traffic control and weather forecasting, and their advanced solutions support mission success on modern, networked battlefields. The company's high-performance products make it a trusted partner for leading communications infrastructure providers worldwide.

Financially, MACOM has shown robust growth and profitability, with a significant portion of its revenue generated from the United States, China, Taiwan, and various other countries. The company continues to expand its reach and capabilities through strategic partnerships and continuous innovation.

Recent Achievements and Projects:

  • Development of advanced semiconductor solutions for 5G networks.
  • Expansion of product lines to include more high-performance analog and mixed-signal solutions.
  • Partnerships with leading technology companies to enhance product offerings and market reach.

MACOM Technology Solutions Holdings, Inc. remains a vital entity in the semiconductor industry, consistently pushing the boundaries of technology to create a better-connected and safer world.

News

MACOM Announces Appointment of Raj Shanmugaraj to its Board of Directors

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MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) has appointed Murugesan “Raj” Shanmugaraj as an independent director to its Board of Directors, effective January 4, 2024. Mr. Shanmugaraj brings extensive telecommunications experience and currently serves as the Senior Vice President and General Manager of the Coherent Products and Components Group at Cisco Systems, Inc. With a track record of successful leadership, including as President and Chief Executive Officer of Acacia Communications, Inc., Mr. Shanmugaraj's appointment is expected to bring valuable industry expertise to MACOM.
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Wolfspeed Completes Sale of RF Business to MACOM

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Wolfspeed, Inc. (NYSE: WOLF) completed the sale of its radio frequency business to MACOM Technology Solutions Holdings, Inc. for approximately $75 million in cash and 711,528 shares of MACOM common stock. The sale marks the company's transformation into the only pure-play silicon carbide semiconductor manufacturer in the industry, allowing it to focus on innovation and capacity for its materials and power device businesses. Wolfspeed continues to drive the industry transition to silicon carbide with ongoing capacity expansion, including the final build-out of the Mohawk Valley Fab in New York and construction of the John Palmour Manufacturing Center in North Carolina.
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MACOM Completes Acquisition of Wolfspeed’s RF Business

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MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) has completed the acquisition of the radio frequency business of Wolfspeed, Inc. The RF Business is highly complementary to MACOM’s portfolio and creates a compelling combined technology solution.
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MACOM Announces the Passing of John Ocampo, Chairman of the Board of Directors

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MACOM Technology Solutions Holdings, Inc. (MTSI) announces the passing of John Ocampo, Chairman of the Board. John was a co-founder of GaAs Labs and Sirenza Microdevices, Inc., a Nasdaq-listed supplier of RF semiconductors and components. His contributions to the semiconductor industry, educational institutions, and charitable organizations are deeply mourned by the company and the industry.
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MACOM Reports Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results

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MACOM Technology Solutions Holdings, Inc. (MTSI) announced its fiscal Q4 and fiscal year 2023 financial results. Revenue for Q4 was $150.4 million, a 15.6% decrease YoY, with a 57.6% gross margin. Net income was $24.5 million, or $0.34 per diluted share. Adjusted gross margin was 60.1%, with adjusted net income of $40.1 million, or $0.56 per diluted share. For fiscal year 2023, revenue was $648.4 million, a 4.0% decrease YoY, with a gross margin of 59.5%. Net income was $91.6 million, or $1.28 per diluted share. The company expects Q1 2024 revenue in the range of $149-153 million.
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MACOM to Report Fourth Quarter and Fiscal Year 2023 Financial Results on November 9, 2023

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MACOM Technology Solutions Holdings, Inc. plans to announce financial results for its Q4 and fiscal year ended September 29, 2023, on November 9, 2023. A conference call will be held at 8:30 a.m. ET on the same day.
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MACOM Extends Copper Cable Reach for 1.6 Terabit Applications with New 227 Gbps Equalizers

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MACOM expands its portfolio with a 227 Gbps per lane copper cable equalizer device that extends twinax copper cable reach, enabling longer 1.6 Tbit copper cable assemblies. The new linear equalizers more than double the reach of copper cables, benefiting high-performance computing and AI high density cluster applications. MACOM's MAEQ-40904 is currently sampling and will be demonstrated at ECOC 2023.
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MACOM to Demonstrate and Showcase Optical Solutions at the 2023 European Conference on Optical Communications

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MACOM Technology Solutions Inc. will showcase new products and capabilities at the European Conference on Optical Communications (ECOC). Live demonstrations of 200Gbps/lane optical links and 200Gbps/lane copper cables will be featured. Attendees can learn more about MACOM's newest products and broad portfolio at Booth #704.
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MACOM to Showcase Latest Capabilities at European Microwave Week 2023

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MACOM Technology Solutions Inc. will host live demonstrations at European Microwave Week 2023 in Berlin, Germany. Attendees can learn about MACOM's new 70nm mHEMT and 100 nm GaN process technologies. The company will showcase various high-performance products and capabilities. Visit Booth #305C for more information.
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MACOM Announces Definitive Agreement to Acquire the RF Business of Wolfspeed, Inc.

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MACOM Technology Solutions Holdings, Inc. is set to acquire the RF Business of Wolfspeed, Inc. for $125 million, including $75 million cash paid at closing and $50 million of MACOM common stock issued with certain restrictions. The acquisition is expected to be immediately accretive to MACOM's non-GAAP earnings. The RF Business generated annualized revenues of approximately $150 million and serves leading aerospace, defense, industrial, and telecommunications customers. The acquisition includes a GaN wafer fabrication facility, design teams, product development assets, and intellectual property portfolio. Approximately 280 employees are expected to join MACOM at closing. The transaction is subject to closing conditions and is expected to occur in the second half of calendar year 2023.
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FAQ

What is the current stock price of MACOM Technology Solutions Holdings (MTSI)?

The current stock price of MACOM Technology Solutions Holdings (MTSI) is $134.5 as of November 22, 2024.

What is the market cap of MACOM Technology Solutions Holdings (MTSI)?

The market cap of MACOM Technology Solutions Holdings (MTSI) is approximately 7.8B.

What does MACOM Technology Solutions Holdings, Inc. specialize in?

MACOM specializes in analog, digital, and mixed-signal semiconductor solutions for various markets including industrial, medical, scientific, and test and measurement.

Where is MACOM Technology Solutions Holdings, Inc. headquartered?

MACOM is headquartered in Lowell, Massachusetts.

What kind of products does MACOM offer?

MACOM offers integrated circuits, multichip modules, power pallets, transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.

In which markets are MACOM's solutions used?

MACOM's solutions are used in industrial, medical, scientific, and test and measurement systems.

How does MACOM contribute to communication infrastructure?

MACOM's semiconductor technologies power optical, wireless, and satellite networks, increasing mobile internet speed and enabling high-volume data transmission.

What are some recent achievements of MACOM?

Recent achievements include advancements in 5G network technologies, expansion of high-performance analog and mixed-signal solutions, and strategic partnerships with major technology companies.

Why is MACOM considered a crucial player in safety and security technologies?

MACOM's next-generation radar systems are used in air traffic control and weather forecasting, and they provide advanced solutions for military operations on modern, networked battlefields.

How does MACOM generate its revenue?

MACOM generates revenue from a mix of domestic and international sales, with significant contributions from the United States, China, Taiwan, and other countries.

What role does MACOM play in the semiconductor industry?

MACOM is a leading innovator in the semiconductor industry, providing essential components and solutions that enhance communication and safety technologies globally.

Who are MACOM's main clients?

MACOM is the partner of choice for leading communications infrastructure providers worldwide.

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MACOM Technology Solutions Holdings, Inc

Nasdaq:MTSI

MTSI Rankings

#1018 Ranked by Market Cap
N/A Ranked by Dividends

MTSI Stock Data

7.80B
59.26M
18.08%
88.27%
4.88%
Semiconductors
Semiconductors & Related Devices
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United States of America
LOWELL