10 Best Mid Cap Tech Stocks to Buy Now

3. MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Upside Potential: 44.19%

Market Capitalization: $7.95 Billion

Number of Hedge Fund Holders: 38

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) designs and makes high-performance semiconductor products that are used in several industries, including telecommunications, aerospace, defense, and industrial markets. The company manufactures chips and components that are used in various electronic systems. These include wireless communication networks, satellite systems, and radar. The company also offers customized solutions, especially data centers, 5G networks, and industrial automation. The company customizes its products to suit the needs of different industries. This allows them to work with a wide range of clients.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) provides high-quality, reliable products and custom solutions. This helps the company build long-term relationships with its clients. As a result, it generates repeat sales and has a sustainable business.

The company’s revenue grew by a decent 12.5% last year, while maintaining a solid net margin of 10.5%. Cash flow remained strong, enabling acquisitions and future investments. In Q4, the company achieved a record revenue of $200.7 million, a 5.4% YoY increase, driven by growth across all markets.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) is focused on building a diversified semiconductor portfolio to capture more market share. The company expects continued strong performance in its data center segment. It is well-positioned to support advancements in 1.6T and 800G technologies. Meanwhile, it is also trying to improve margins through acquisitions and operational efficiencies. The company plans to maintain a diversified portfolio to address various customer needs across various data center solutions.