MACOM Technology Solutions MTSI
United StatesTechnology · SemiconductorsUSD
395.33 USD (+17.7%)
15 analysts
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MACOM Technology Solutions is a manufacturer of analog, RF and high-speed connectivity semiconductors for data networks, telecommunications, defense and industry, selling its products to equipment and systems makers.
Key points
from its scores- ✓Good share-price trend9.8
- ✓Very solid balance sheet8.2
- ✓Strong growth7.2
- ✕Little or no dividend1.5
- ✕Demanding valuation1.7
AI analysis
bottom line, main risk, context and newsThe business is high quality and the AI tailwind is real, but at a P/E of 106.98 the market is already pricing in years of flawless execution; any disappointment in the growth rate would have a disproportionate impact on the price.
MACOM combines a clean balance sheet (net cash, ND/EBITDA -0.90) with explosive growth (revenue +35.8%, earnings +166.7%) and 56.5% gross margins, but its valuation is extreme (P/E 106.98, EV/EBITDA 96.11) and the current earnings pace smells like a semiconductor cycle peak.
The main risk is valuation: with a P/E of 106.98 and EV/EBITDA of 96.11, the stock is demanding near-perfect growth for years; if the semiconductor cycle cools or hyperscaler AI spending moderates, the multiple could compress violently.
Context and risks
No recent news and no material exposure to current macro factors: the rise in long-term rates pressures its valuation multiple (P/E 106.9), but its net cash balance sheet insulates it from financing costs. The AI capex cycle is a structural tailwind for its high-speed connectivity products, not a risk.
Is MACOM Technology Solutions stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 306% above the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 107.0 | 31.3 | +242% |
| EV / EBITDA | 96.1 | 20.4 | +371% |
| Price / book | 16.6 | 6.3 | +164% |
| Price / sales | 22.0 | 5.3 | +317% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 1.7 out of 10 (median for Technology: 5.3).
Average analyst target: 395.33 USD, +17.7% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 6.4 (sector 6.4), Growth 7.2 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 107.0
- Forward P/E
- 39.6
- EV / EBITDA
- 96.1
- Price / book
- 16.6
- Price / sales
- 22.0
- PEG
- 2.05
- Market cap
- 25.7B USD
- Enterprise value
- 26.5B USD
Profitability
- ROE
- 17.2%
- ROA
- 6.4%
- ROIC (approx.)
- 13.9%
- Gross margin
- 56.5%
- Operating margin
- 23.3%
- Net margin
- 20.7%
- Free cash flow
- 104.4M USD
- FCF yield
- 0.4%
- Cash conversion
- 38%
Solvency
- Total debt
- 414.1M USD
- Net debt
- −249.0M USD
- Cash
- 663.0M USD
- EBITDA
- 276.1M USD
- Net debt / EBITDA
- −0.90
- Debt / equity
- 26.87
- Current ratio
- 2.34
- Quick ratio
- 1.68
Growth
- Revenue growth
- +35.8%
- Earnings growth
- +166.7%
- EPS (TTM)
- 3.14 USD
- EPS (forward)
- 8.49 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.76
- Analyst consensus
- Buy (15)
- Target price
- 395.33 USD
- 52-week range
- 121.97 – 418.90
Recent news
All MTSI news →Compare it with its sector
All 283 in Technology →Frequently asked questions about MACOM Technology Solutions
Is MACOM Technology Solutions stock cheap or expensive?
On P/E and EV / EBITDA, it trades 306% above the Technology median on average. Valuation score: 1.7 out of 10 (median for Technology: 5.3). Average analyst target: 395.33 USD, +17.7% versus the price. This is not investment advice.
What score does MACOM Technology Solutions get on MeridIAn Screener?
It scores 5.3 out of 10, rank 1,541 of 2,130 (better than 26% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is MACOM Technology Solutions's P/E ratio?
Its P/E is 107.0: the share price equals 107.0 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 39.6.
How much is MACOM Technology Solutions worth on the stock market?
Its market capitalisation is 25.7B USD and its enterprise value, debt included, is 26.5B USD.
How much debt does MACOM Technology Solutions have?
It has more cash than debt: net cash of 249.0M USD.
Does MACOM Technology Solutions pay a dividend?
It pays no dividend, or almost none.
How has MACOM Technology Solutions stock performed over the last year?
It has risen 174.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 121.97 and 418.90 USD. Past performance does not guarantee future results.
What do analysts think of MACOM Technology Solutions?
15 analysts cover it; their average recommendation is “Buy” and their average target is 395.33 USD (+17.7% versus the price). It is an estimate, not market data.