Susan Ocampo, a director and significant shareholder of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI), recently executed a series of stock sales. Between November 18 and 19, Ocampo sold a total of 601,789 shares of the semiconductor company, amounting to approximately $71.2 million. The transactions occurred at prices ranging from $118.30 to $125.00 per share.
Following these sales, Ocampo holds 5,555,519 shares indirectly through trusts for her children and the Ocampo Family Trust. These transactions reflect Ocampo's ongoing management of her investment in MACOM, a prominent player in the semiconductor industry.
In other recent news, MACOM Technology Solutions has reported record-breaking financial results for the fourth fiscal quarter of 2024, with a record quarterly revenue of $200.7 million, an adjusted earnings per share (EPS) of $0.73, and a full-year revenue of $729.6 million, resulting in an EPS of $2.56. Additionally, the company completed the acquisition of ENGIN-IC, enhancing its microwave IC design capabilities for defense applications. Needham & Company adjusted its stock price target for MACOM to $150 from the previous $120, maintaining a Buy rating on the stock.
This upgrade follows MACOM's recent financial results, which met analysts' projections and included a robust forecast, particularly due to the company's performance in the Data Center sector. Despite volatility in the Artificial Intelligence (AI) architecture sector, the company expects a decrease in revenue from AI Compute Chips (ACCs) within the U.S. market but has noted rising interest from international clients.
Looking ahead, Needham anticipates new optical technologies, such as photodetectors and Continuous Wave (CW) lasers, becoming significant contributors to MACOM's revenue stream, potentially as early as fiscal year 2025. MACOM aims to surpass an annualized revenue run rate of $1 billion by fiscal year 2026 and is focusing on enhancing its semiconductor technologies leadership. Lastly, the company projects revenue between $212 million and $218 million and an adjusted EPS of $0.75 to $0.81 for fiscal Q1 2025.
InvestingPro Insights
Susan Ocampo's recent stock sales come at a time when MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) is experiencing significant market momentum. According to InvestingPro data, MTSI has shown a strong return of 51.8% over the past year, with a particularly robust 20.82% gain in the last three months. This performance aligns with the company's solid financial position, as highlighted by InvestingPro Tips.
One notable InvestingPro Tip indicates that MTSI's net income is expected to grow this year, which could be a factor in the stock's recent performance. Additionally, the company's liquid assets exceed short-term obligations, suggesting a healthy financial position that may have contributed to investor confidence.
However, investors should note that MTSI is trading at high valuation multiples across various metrics, including earnings, EBIT, EBITDA, and revenue. The current P/E ratio stands at 119.07, which is considerably high and may indicate that the stock is priced for significant growth expectations.
For those interested in a deeper analysis, InvestingPro offers 16 additional tips for MTSI, providing a comprehensive view of the company's financial health and market position. These insights can be particularly valuable for investors looking to understand the context of insider transactions like Ocampo's recent sales.
Susan Ocampo, a director and significant shareholder of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI), recently executed a series of stock sales. Between November 18 and 19, Ocampo sold a total of 601,789 shares of the semiconductor company, amounting to approximately $71.2 million. The transactions occurred at prices ranging from $118.30 to $125.00 per share.
Following these sales, Ocampo holds 5,555,519 shares indirectly through trusts for her children and the Ocampo Family Trust. These transactions reflect Ocampo's ongoing management of her investment in MACOM, a prominent player in the semiconductor industry.
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