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LOWELL, MA—Hwang Donghyun Thomas, Senior Vice President of Global Sales at MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI), recently sold a significant portion of his holdings in the company. The transaction comes as MACOM’s stock has experienced notable volatility, with a -15.9% return over the past week despite maintaining a strong 38.3% gain over the last year. According to a recent SEC filing, Thomas sold 7,355 shares of common stock on January 27, 2025, at a price of $133.00 per share, amounting to a total transaction value of $978,215.
Following the sale, Thomas retains ownership of 43,657 shares of MACOM stock. The transaction was conducted under a pre-established sales plan adopted on August 25, 2023, in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.
In other recent news, MACOM Technology Solutions Holdings Inc. has made significant strides with strategic investments and robust financial performance. The semiconductor solutions provider plans to invest up to $345 million over the next five years in its Massachusetts and North Carolina wafer fabrication facilities. This initiative, supported by the CHIPS Program Office, aims to modernize MACOM’s facilities and enhance product offerings for Defense, Telecommunications, and Datacenter industries.
Additionally, MACOM reported record quarterly revenue of $200.7 million, with an adjusted earnings per share (EPS) of $0.73. The total revenue for the fiscal year reached $729.6 million, resulting in an EPS of $2.56. The company also successfully closed a financial transaction involving the issuance of $344.3 million in convertible senior notes due 2029, raising approximately $49.9 million after expenses for general corporate purposes.
MACOM has also completed the acquisition of ENGIN-IC, a move that strengthens its microwave IC design capabilities for defense applications. In terms of future expectations, Needham & Company upgraded the stock price target for MACOM to $150 from the previous $120, maintaining a Buy rating. This upgrade was influenced by MACOM’s strong forecast, particularly in the Data Center sector, where the company anticipates a 15% growth. These are among the recent developments for MACOM, which continues to focus on enhancing its semiconductor technologies leadership.
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