MTSI

MACOM Technology Solutions Holdings Inc

TMT


Presented:04/04/2024
Price:$98.56
Cap:$7.10B
Current Price:$113.42
Cap:$8.19B

Presented

Date04/04/2024
Price$98.56
Market Cap$7.10B
Ent Value$6.75B
P/E Ratio94.73x
Book Value$14.21
Div Yield0%
Shares O/S72.07M
Ave Daily Vol509,481
Short Int6.76%

Current

Price$113.42
Market Cap$8.19B
MACOM Technology Solutions Holdings, Inc. engages in designing, developing, manufacturing, and marketing semiconductors and modules. The firm is involved in the provision of products for telecommunications (Telecom), industrial and defense (I&D), and data center industries. The company was founded on March 25, 2009 and is headquartered in Lowell, MA.

Publicly traded companies mentioned herein: Analog Devices, Inc (ADI), MACOM Technology Solutions Holdings Inc (MTSI), Wolfspeed Inc (WOLF) 

Highlights

The presenter is short shares of MACOM Technology Solutions Holdings Inc (MTSI), an analog and mixed signal chip manufacturer and designer specializing in photonics and RF. Macom benefited from the rising tide for semiconductor companies during the pandemic, but is currently facing challenges around a normalized market and a sub-optimal position in the data center transceiver market. The presenter believes the fair value for Macom is around 20x adjusted EBIT, which would represent approximately 60% downside from the current stock price.

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Idea Discussion

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