MTSI vs LITE vs COHR vs QRVO

For growth investors, MACOM Technology Solutions Holdings, Inc.

(MTSI) is the stronger pick with 32. 6% revenue growth year-over-year, versus -1. 1% for Qorvo, Inc. (QRVO). Qorvo, Inc. (QRVO) offers the better valuation at 25. 0x trailing P/E (13. 9x forward), making it the more compelling value choice. Analysts rate MACOM Technology Solutions Holdings, Inc. (MTSI) a "Buy" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Qorvo, Inc.

(QRVO) is the cheapest at 25. 0x versus Lumentum Holdings Inc. at 2441. 7x. On forward P/E, Qorvo, Inc. is actually cheaper at 13. 9x.

Over the past 5 years, Lumentum Holdings Inc.

(LITE) delivered a total return of +1019%, compared to -47. 2% for Qorvo, Inc. (QRVO). Over 10 years, the gap is even starker: LITE returned +36. 8% versus QRVO's +98. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Qorvo, Inc.

(QRVO) is the lower-risk stock at 1. 26β versus Coherent, Inc. 's 2. 82β — meaning COHR is approximately 124% more volatile than QRVO relative to the S&P 500. On balance sheet safety, MACOM Technology Solutions Holdings, Inc. (MTSI) carries a lower debt/equity ratio of 41% versus 2% for Lumentum Holdings Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), MACOM Technology Solutions Holdings, Inc.

(MTSI) is pulling ahead at 32. 6% versus -1. 1% for Qorvo, Inc. (QRVO). On earnings-per-share growth, the picture is similar: Qorvo, Inc. grew EPS 524. 1% year-over-year, compared to -170. 2% for MACOM Technology Solutions Holdings, Inc.. Over a 3-year CAGR, COHR leads at 20. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Qorvo, Inc.

(QRVO) is the more profitable company, earning 9. 2% net margin versus -5. 6% for MACOM Technology Solutions Holdings, Inc. — meaning it keeps 9. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MTSI leads at 13. 4% versus -10. 9% for LITE. At the gross margin level — before operating expenses — MTSI leads at 54. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Qorvo, Inc.

(QRVO) trades at 13. 9x forward P/E versus 110. 1x for Lumentum Holdings Inc. — 96. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LITE: 1. 7% to $918. 67.

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

For long-horizon retirement investors, Coherent, Inc.

(COHR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+1546% 10Y return). Lumentum Holdings Inc. (LITE) carries a higher beta of 2. 66 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (COHR: +1546%, LITE: +36. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: MTSI is a mid-cap high-growth stock; LITE is a mid-cap high-growth stock; COHR is a mid-cap high-growth stock; QRVO is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.