Macom Tech Solutions Hldgs Inc Stock Price, News & Analysis

MACOM Technology Solutions will participate in the International Microwave Symposium 2021 in Atlanta, Georgia, from June 7-10. Attendees can visit Booth #2021 for product inquiries. The company will conduct eight virtual live demonstrations and four technical talks focusing on high-performance RF designs. Demonstrations include products like KV CAPS and GaN-on-SiC amplifiers. The technical talks will cover PCB design and high-frequency packaging, showcasing MACOM’s innovations in semiconductor technology for various applications.

MACOM Technology Solutions announced three live demonstrations and four technical talks during the Optical Fiber Communication Conference (OFC) from June 7-10, 2021. The demonstrations include 200G/400G analog chipsets for data centers, a 50G reference design for 5G applications, and DWDM laser performance for telecom. Technical talks will cover topics such as 400ZR applications and optimization using direct modulation lasers. These events will provide customers opportunities for direct interaction with MACOM's engineering team.

MACOM Technology Solutions Holdings, Inc. (MTSI) reported strong second-quarter fiscal 2021 results, with revenue reaching $150.6 million, a 19.1% increase year-over-year and a 1.4% rise sequentially. The gross margin improved to 55.9%, compared to 50.1% last year. Operating income was $19.0 million, up from a loss of $5.3 million in the same quarter last year. Net income surged to $14.8 million, or $0.21 per diluted share. Management expects revenue for Q3 to be between $150 million and $154 million.

MACOM Technology Solutions Inc. has developed a high voltage capacitor semiconductor process, capable of supporting operating levels exceeding 1,000 volts. This innovation will introduce a new product line, MACOM KV CAPS™, targeting sectors such as automotive, renewable energy, industrial, medical, and defense. The capacitors will be available in three voltage categories (200V, 500V, and 1,000V) and a wide capacitance range. Key benefits include compact size, stable performance, and reliability exceeding that of traditional capacitors. This product line will launch at the International Microwave Symposium in June 2021.

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) will announce its second quarter fiscal year 2021 financial results on April 29, 2021, before market open. The conference call will occur at 8:30 a.m. ET, led by CEO Stephen G. Daly and CFO John F. Kober. Investors can participate via phone or through a live internet stream accessible on MACOM's Investor Relations website. The company designs semiconductor products for various applications, including Data Center and Telecommunication.

MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) announced the exercise of an option for an additional $50 million in convertible senior notes, part of its previously announced $400 million offering. This 'Greenshoe' option allows for a total of $450 million in notes. The increment will be used for repaying outstanding term loans. The additional notes and any common stock resulting from conversion will not be registered under the Securities Act. MACOM specializes in semiconductor products for various sectors including Telecommunications and Defense.

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.