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MACOM (MTSI) Expands MMIC Portfolio for Organic Growth

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MACOM Technology Solutions Holdings, Inc. (MTSI - Free Report) , a primary supplier of semiconductor products, recently announced the expansion of its high-performance Monolithic Microwave Integrated Circuit (“MMIC”) portfolio, along with a family of power amplifiers to boost the performance of L-Band and Ka-Band systems.

The company launched five new MMIC amplifiers, which will be unveiled at the European Microwave Week, to be held from Oct 4–6, 2016, in London, U.K.

The products that would be part of the expanded family includes the 2 watt MAAP-011060 L-Band power amplifier module and the 3 watt MAAP-011289 Ka-Band power amplifier. These products are designed to assist in the smooth functioning of satellite communication and connectivity applications. They are technologically advanced and will set MACOM apart from its peers, likely leading to higher revenues. This system is cost efficient and also provides longer battery life for critical satellite communication equipment.

These highly advanced amplifiers are designed to meet the growing customer requirements. The addition of these products will enable MACOM to provide highly upgraded MMIC solutions to the Community Antenna Television market, combating the growing technical and packaging challenges.

The company continues to focus on healthy organic growth opportunities by aggressively investing in the development of new, updated, best-in-class products to better serve its customers.

Headquartered in Lowell, MA, MACOM provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeter wave spectrum. The company's primary markets are community antenna television, cellular backhaul, cellular infrastructure and fiber optic applications, aerospace and defense and multi-market, which includes automotive, industrial, medical, mobile and scientific applications. MACOM has its offices across North America, Europe, Asia and Australia.

MACOM currently has a Zacks Rank #3 (Hold). Some better-ranked stocks include InnerWorkings Inc. (INWK - Free Report) , Xerox Corporation (XRX - Free Report) and Inphi Corporation (IPHI - Free Report) , each carrying a Zacks Rank#2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

InnerWorkings is a Business Service stock with an average positive earnings surprise of 77.9% over the last four quarters. The company beat estimates in all of the past four quarters. Its share price has increased by approximately 25.1% year to date.

Xerox, belonging to the Business Services space, has a positive earnings surprise history. The company beat estimates thrice in the trailing four quarters. Its share price has declined by approximately 3% year to date.

Inphi has seen estimates rise from 14 cents per share to 23 cents over the last 60 days. The company beat estimates on all occasions in the trailing four quarters, with a positive average surprise of 58.3%. Its share price has increased by 59% year to date.

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