Macom Technology Solutions Holdings, Inc. (NASDAQ: MTSI) made waves today with the announcement of the appointment of Murugesan "Raj" Shanmugaraj to its board of directors, effective January 4, 2024. Shanmugaraj, currently serving as the senior vice president and general manager of the Coherent Products and Components Group at Cisco Systems, Inc., brings with him extensive telecommunications experience and a proven track record of successful leadership.
"We are pleased to welcome Raj to Macom's board of directors," said Stephen G. Daly, President, Chief Executive Officer, and Chair of the Board. "Raj has a track record of successful leadership and extensive industry experience, and we look forward to his future contributions."
Macom Technology Solutions Holdings, Inc. designs and manufactures high-performance semiconductor products for the telecommunications, industrial, defense, and datacenter industries. The company services over 6,000 customers annually with a broad product portfolio that incorporates RF, microwave, analog and mixed signal, and optical semiconductor technologies.
The stock moved -1.1% following the announcement and is currently trading at a price of $81.81 per share.
The company's full 8-K submission is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (k) | $570,398 | $499,708 | $530,037 | $606,920 | $675,170 | $648,407 |
| Revenue Growth | n/a | -12.39% | 6.07% | 14.51% | 11.25% | -3.96% |
| Operating Margins | -19% | -76% | 1% | 13% | 20% | 17% |
| Net Margins | -25% | -77% | -9% | 6% | 65% | 14% |
| Net Income (k) | -$139,977 | -$383,798 | -$46,078 | $37,973 | $439,955 | $91,577 |
| Net Interest Expense (k) | $31,338 | $35,803 | $27,380 | $22,063 | $8,551 | -$12,384 |
| Depreciation & Amort. (k) | $112,383 | $104,418 | $78,826 | $69,953 | $57,229 | $52,153 |
| Earnings Per Share | -$2.57 | -$5.84 | -$0.69 | $0.54 | $6.18 | $70801 |
| Diluted Shares (k) | 65,444 | 65,686 | 66,606 | 71,224 | 71,374 | 71,503 |
| Free Cash Flow (k) | -$16,751 | -$17,263 | $153,824 | $130,458 | $150,469 | $142,218 |
| Capital Expenditures | $53,044 | $37,963 | $17,573 | $17,954 | $26,513 | $24,699 |
| Current Ratio | 4.93 | 5.33 | 5.07 | 6.91 | 9.04 | 9.11 |
| Total Debt (k) | $1,316,744 | $1,310,544 | $1,304,344 | $984,270 | $565,920 | $447,134 |
| Net Debt / EBITDA | 209.73 | -4.48 | 14.29 | 4.71 | 2.32 | 1.71 |
