MACOM Technology Solutions Holdings, Inc. (MTSI) Stock Price & Analysis
MACOM Technology Solutions Holdings, Inc. (MTSI) closed at USD 229.73 on Thursday, October 22, 2026, down 15.87% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 273.05; the Oct 22, 2026 session ranged USD 227.27–259.4 on volume of 2,665,796 shares. Market capitalization is $17.54B, with a 52-week range of USD 136–418.9 (NMS). Source: Nexqual, retrieved October 23, 2026 at 07:54 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MTSI.md
Key facts (MTSI)
- Last four reported quarters (through Jul 3, 2026): revenue $1.16B, net income $241M (20.7% margin), free cash flow $204M (SEC filings).
- Valuation: P/E 72.8x (avg 85.1x at the last 2 fiscal year-ends), EV/EBITDA 65.5x, net cash $323M.
- Earnings quality: non-operating income $75.4M vs operating income $211M over the last four quarters; P/E excluding non-operating income ≈98.9x (estimate: non-operating income taxed at the company's 15.8% effective rate).
- 2 of 80 tracked superinvestors hold MTSI (13F, Q2 2026): 1 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 11 Form 4 filings, $31.4M; 3 not under a Rule 10b5-1 plan ($17.3M); 3 by opportunistic insiders (1 outside 10b5-1 plans), 6 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (16 analysts), mean target USD 390.33 (range 300–475).
- Total return with dividends: 1Y +64.9% vs S&P 500 +14.9%; 5Y +245.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 2, revenue estimate $420M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MTSI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $607M | $675M | $648M | $730M | $967M | $1.16B |
| Gross profit | $342M | $406M | $386M | $394M | $529M | — |
| Operating income | $81.0M | $133M | $107M | $73.7M | $130M | $211M |
| Net income | $38.0M | $440M | $91.6M | $76.9M | -$54.2M | $241M |
| EPS (diluted) | $0.54 | $6.18 | $1.28 | $1.04 | -$0.73 | — |
| Free cash flow | $130M | $150M | $142M | $140M | $193M | $204M |
| Gross margin | 56.3% | 60.2% | 59.5% | 54.0% | 54.7% | — |
| Operating margin | 13.3% | 19.7% | 16.6% | 10.1% | 13.4% | 18.1% |
| Net margin | 6.3% | 65.2% | 14.1% | 10.5% | -5.6% | 20.7% |
| Revenue growth | +14.5% | +11.2% | -4.0% | +12.5% | +32.6% | — |
| Cash + short-term investments | $345M | $587M | $515M | $582M | $786M | — |
| Total debt | $492M | $566M | $447M | $448M | $501M | — |
Fiscal years end Oct. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 3, 2026) (MTSI)
P/E 72.8x · P/E ex non-operating (est.) ≈98.9x · P/S 15.1x · EV/EBITDA 65.5x · EV/Sales 14.8x · P/FCF 86.0x · P/B 11.4x · FCF yield 1.16% · Earnings yield 1.37% · Net cash $323M · EV $17.2B
P/E at fiscal year-ends: Sep 2024 106.5x, Sep 2023 63.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (MTSI)
2 of 80 tracked investors hold MTSI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.01% | $779K | Added +92.7% |
| Lee Ainslie | Maverick Capital | 0.01% | $682K | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (MTSI)
8 of 11 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Roth Ambra R. | SVP, GC and Secretary | 653 | $196K | 6.6% | Yes (adopted May 21, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-28 | Dennehy Robert | Senior VP and COO | 252 | $69K | 1.9% | Yes (adopted May 29, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-17 | Kober John | Senior VP and CFO | 7,389 | $2.4M | 18% | Yes (adopted August 14, 2025) | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-06-25 | Hwang Donghyun Thomas | SVP, Global Sales | 2,620 | $1.0M | 8.1% | Yes (adopted August 11, 2025) | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-29 | Daly Stephen G | President and CEO | 15,828 | $5.8M | 29.2% | Yes (adopted February 27, 2026) | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-18 | Kober John | Senior VP and CFO | 7,644 | $2.7M | 15.7% | Yes (adopted August 14, 2025) | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-18 | Hwang Donghyun Thomas | SVP, Global Sales | 2,595 | $936K | 7.4% | Yes (adopted August 11, 2025) | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-14 | Chung Peter Y | Director | 43,268 | $16.4M | 86.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-13 | Bland Charles R | Director | 800 | $304K | 5.3% | No | Too little history (no open-market trades in 2023) |
| 2026-05-11 | Ribar Geoffrey G | Director | 1,623 | $587K | 11.4% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-30 | Hwang Donghyun Thomas | SVP, Global Sales | 3,718 | $1.0M | 9.6% | Yes (adopted August 11, 2025) | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (MTSI)
Consensus Buy (mean 2.00 on a 1–5 scale), 16 analysts; mean target USD 390.33 (low 300, high 475).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-18 | BMO Capital | Upgrade | Market Perform → Outperform | $335 |
| 2026-08-21 | BMO Capital | Initiated | Market Perform | $335 |
| 2026-08-07 | Evercore ISI Group | Target raised | Outperform | $427 → $475 |
| 2026-08-06 | Needham | Target raised | Buy | $400 → $410 |
| 2026-07-21 | Susquehanna | Target lowered | Neutral | $350 → $300 |
Total return (dividends reinvested) (MTSI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +64.9% | +245.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +65.2% | +28.1% |
| Volatility (annualized) | 65.6% | 45.7% |
| Max drawdown | -44.2% (May 2026→Jul 2026) | -43.5% (Dec 2021→Jun 2022) |
MTSI revenue by region (quarter ended Jul 3, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| China | $133.8M | 39.1% | +88.5% |
| United States | $121.2M | 35.4% | +15.1% |
| Other Countries | $47.1M | 13.8% | +1.7% |
| Asia Pacific, excluding China | $40.2M | 11.8% | +36.2% |
| Total revenue | $342.2M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MTSI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Related party | Linearizer Technology | “On March 3, 2023, in conjunction with the Linearizer Acquisition, we entered into a seven-year lease agreement with an entity that is majority-owned by certain former Linearizer employees, which was deemed to be a related-party agreement.” |
| Competitor | Analog Devices (ADI) | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
| Competitor | Broadcom (AVGO) | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
| Competitor | Credo Technology (CRDO) | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
| Competitor | Marvell Technology (MRVL) | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
| Competitor | Microchip Technology (MCHP) | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
| Competitor | NXP Semiconductors (NXPI) | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
| Competitor | Qorvo (QRVO) | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
| Competitor | Skyworks (SWKS) | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
Quoted from the company's 10-K filed Nov 14, 2025.
Companies that name MTSI in their SEC reports
| Relationship to MTSI | Company | Filing | Sentence |
|---|---|---|---|
| customer | WOLFSPEED, INC. (WOLF) | 10-K Aug 20, 2026 | “In connection with the divestiture of the RF Business (the "RF Business Divestiture"), MACOM assumed operational control of the Company's 100mm GaN wafer fabrication facility in Research Triangle Park, North Carolina (the "RTP Fab") following the end of fiscal 2025.” |
MTSI customer concentration
In the period ended Jul 3, 2026, 2 direct customers each accounted for at least 10% (23%, 13%) of revenue, per the company's 10-Q filed Aug 6, 2026. The company does not name them.
MTSI company outlook (results filed Aug 6, 2026)
- “For the fiscal fourth quarter ending October 2, 2026, MACOM expects revenue to be in the range of $415 million to $425 million.”
- “Adjusted gross margin is expected to be between 60.0% and 61.0%, and adjusted earnings per diluted share is expected to be between $1.97 and $2.03 utilizing an anticipated non-GAAP income tax rate of 3% and 78.9 million fully diluted shares outstanding.”
- “Eastern Time to discuss its fiscal third quarter 2026 financial results and business outlook.”
Analysts expect $420.4M for the current quarter, in line with the midpoint of the company's guidance ($420.0M).
Quoted word-for-word from the SEC 8-K results press release.
MTSI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.00 | $1.57 | +27.6% | $420.4M | 16 |
| Next quarter (ends Dec 2026) | $2.03 | $1.64 | +23.8% | $430.6M | 15 |
| Current fiscal year (ends Sep 2026) | $5.51 | $5.03 | +9.6% | $1.32B | 16 |
| Next fiscal year (ends Sep 2027) | $8.50 | $6.93 | +22.6% | $1.80B | 16 |
MTSI options: expected move
Options price a move of about ±18.7% (±$42.40) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±11.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 29 | 82.0% | ±18.7% |
| Dec 18, 2026 | 57 | 73.7% | ±23.5% |
| Feb 19, 2027 | 120 | 68.9% | ±31.7% |
| May 21, 2027 | 211 | 66.6% | ±40.3% |
30-day implied volatility 79.5% vs 88.4% realized over the last 30 trading days. Put/call ratio (volume) 2.3. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 07:54 UTC)
| Price | USD 229.73 |
|---|---|
| Change | ▼ 15.87% (down) |
| Previous Close | USD 273.05 |
| Open | USD 258.64 |
| Day Range | USD 227.27 – 259.4 |
| 52-Week Range | USD 136 – 418.9 |
| Volume | 2,665,796 shares |
| Market Cap | $17.54B |
| Exchange | NMS |
Technical Analysis (MTSI)
Nexqual's technical model rates MTSI "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 07:54 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 33.93 (neutral) |
| vs SMA50 | Below (USD 281.82) |
| MACD | -7.43 (negative) |
Analyst Ratings (MTSI)
Wall Street analysts rate MTSI "Buy" based on 16 analysts, with a mean price target of USD 390.33 (range USD 300–475), per Nexqual as of October 23, 2026 at 07:54 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 390.33 |
| High Target | USD 475 |
| Low Target | USD 300 |
| Buy / Hold / Sell | 13 / 3 / 0 |
Earnings (MTSI)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 2 |
| Revenue Estimate | $420.38M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.4 vs est 1.35 ▲ beat |
| 2026-03-31 | USD 1.09 vs est 1.07 ▲ beat |
| 2025-12-31 | USD 1.02 vs est 1 ▲ beat |
| 2025-09-30 | USD 0.94 vs est 0.93 ▲ beat |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financials & Fundamentals (MTSI)
| Total Revenue | $1.16B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +35.80% |
| Gross Margin | +56.54% |
| Operating Margin | +23.34% |
| Profit Margin | +20.70% |
| ROE | +17.18% |
| Debt / Equity | 0.27 |
| Current Ratio | 2.34 |
| Total Cash | $663.03M |
| Total Debt | $414.05M |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $204.08M (17.5% of revenue) |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financial Health Score (MTSI)
Nexqual rates MACOM Technology Solutions Holdings, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 07:54 UTC.
| Growth | Strong — Revenue +33% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 57%, operating 23% (last 12 months) |
| Balance Sheet | Strong — $663M cash and investments vs $340M debt (Jul 2026, SEC), net cash |
| Cash Flow | Strong — FCF $204M (last 4 quarters to Jul 2026, SEC), 18% margin |
| Efficiency | Solid — ROE 17%, ROA 6.4% |
Ownership (MTSI)
| Insider Ownership | +6.55% |
|---|---|
| Institutional Ownership | +97.50% |
| Shares Outstanding | 76.37M |
| Float | 71.29M |
| Short % of Float | +5.00% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Leadership (MTSI)
MACOM Technology Solutions Holdings, Inc. is led by Stephen G. Daly, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 07:54 UTC.
| President, CEO & Chairman | Stephen G. Daly |
|---|---|
| CFO & Senior VP | John F. Kober |
| SVP & COO | Robert Dennehy |
| Senior Vice President of Global Sales | Donghyun Hwang |
| Senior Vice President of Corporate Development & Investor Relations | Stephen Ferranti |
Major Backers & Investors (MTSI)
Notable institutional backers of MACOM Technology Solutions Holdings, Inc. include FMR, LLC, Fidelity, T. Rowe Price, according to Nexqual as of October 23, 2026 at 07:54 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 13.78% |
| Fidelity | 5.96% |
| T. Rowe Price | 3.73% |
| Invesco | 2.81% |
| JPMorgan | 2.78% |
| Wellington Management | 1.58% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.46% |
| Vanguard Group | 8.73% |
| State Street | 2.96% |
| Geode Capital | 1.85% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
From MACOM Technology Solutions Holdings, Inc.'s Latest SEC 10-K Filing (filed 2025-11-14)
Key Strengths & Strategy (as disclosed to the SEC)
- In aggregate, we utilize a broad array of internal, proprietary process technologies and commercially available foundry technologies, which allows us to select the most appropriate technology to solve our customers' needs.
- We continue to invest in proprietary processes, circuit design and packaging technologies to enable us to develop and manufacture high-value solutions.
- Our expertise in system-level architectures and advanced IC design capability enables us to offer network original equipment manufacturer ("OEM") customers highly integrated solutions optimized for performance and cost.
- When designing a product solution for our customers, we may choose to utilize our internal proprietary process technologies or technologies from external fabrication facilities, or a combination of both.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business may be adversely affected if we experience product returns and product liability and defects claims.
- The outcome of any litigation in which we are involved in is unpredictable and an adverse decision in any such matter could subject us to damage awards and lower the market price of our stock.
- Adverse global economic conditions, including as a result of evolving impacts from global tariffs, sanctions or other trade tensions, and our ability to effectively respond to rapidly changing rules and regulations, could negatively impact our business, results of operations and financial condition and liquidity.
- We may incur liabilities for claims of intellectual property infringement relating to our products.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SWKS | Skyworks Solutions, Inc. | USD 82.39 | ▲ 0.21% |
| TSEM | Tower Semiconductor Ltd. | USD 167.71 | ▼ 11.52% |
| SITM | SiTime Corporation | USD 462.72 | ▼ 9.13% |
| LSCC | Lattice Semiconductor Corporati | USD 96.4 | ▼ 10.57% |
| GFS | GlobalFoundries Inc. | USD 43.37 | ▼ 9.08% |
| CBRS | Cerebras Systems Inc. | USD 108.94 | ▼ 7.66% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 07:54 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt