MACOM Introduces PIN Diodes With Negative Voltage Drivers

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) unveiled two negative voltage drivers, MADR-011020 and MADR-011022. The new drivers enable the user to select voltage between -20V and -50V and -10V and -25V.

MADR-011020 has a sinking bias current of 50 mA, while MADR-011022 comes with a 25-mA sinking bias current.

We believe MACOM is poised to gain traction with these new voltage drivers as these comply with designer criteria, making it easy for them to architect and evaluate their RF switch designs.

Coming to price performance, shares of MACOM have lost 54.9% on a year-to-date basis compared with the industry’s decline of 15.3%.

Benefits From the Move

PIN diodes find application in photo detectors, radio frequency switches and high-voltage rectifier.

The voltage drivers will complement MACOM’s AlGaAs and HMIC Positive Intrinsic Negative (PIN) diode switches in making them cost effective and design efficient by eliminating the intricacies in their designs.

The drivers when placed parallelly can be used to control two to eight throw switch configurations. Moreover, with the help of drivers’ enable pins an all-off RF switch state can be achieved.

Thus, the company is poised to benefit from this recent move. Further, these new products are strengthening the company’s product portfolio.

Strengthening Product Portfolio: A Key Catalyst

MACOM’s strengthening product portfolio is the key growth driver for the company. Moreover, enhanced and new products help the company in acquiring clients.

In September, MACOM launched a portfolio of 25G distributed feedback lasers. This will help the company to gain momentum across wireless operators as the new lasers are designed for next-generation 5G LTE wireless fronthaul infrastructure.

MACOM also announced a new packaged version of its MAAL-011141 wideband low noise amplifier (LNA), which is poised to gain momentum among service customers who use standard Surface-mount technology (SMT) manufacturing flows.

Notably, the company’s well-diversified product portfolio will continue to aid its performance in all end markets.

MACOM Technology Solutions Holdings, Inc. Price and Consensus

Zacks Rank & Stocks to Consider

Currently, MACOM carries a Zacks Rank #2 (Buy).

Some other top-ranked stocks in the broader computer and technology sector include Generac Holdings Inc. (NYSE:GNRC) , SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) and Symantec Corporation (NASDAQ:SYMC) . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.

Expected long-term earnings growth rate for Generac, SS&C and Symantec is 6.5%, 13.5% and 7.9%, respectively.

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