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In a recent transaction, Hwang Donghyun Thomas, Senior Vice President of Global Sales at MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI), sold 1,583 shares of the company’s common stock. The shares were sold at an average price of $116.61 each, resulting in a total transaction value of $184,593. Following this sale, Thomas holds 42,074 shares in the company. The transaction comes as MACOM’s stock has experienced significant volatility, with a 7.5% decline over the past week and current trading at $111.62. According to InvestingPro analysis, the stock appears overvalued at current levels, with a market capitalization of $8.3 billion.
This transaction was conducted under a pre-arranged sales plan adopted on August 25, 2023, in compliance with Rule 10b5-1 under the Securities Exchange Act of 1934. Such plans allow insiders to sell a predetermined number of shares at a set time, helping to avoid potential accusations of insider trading. For deeper insights into insider transactions and comprehensive analysis, including 14 additional ProTips and detailed valuation metrics, visit InvestingPro, where you’ll find expert research reports covering what really matters about MACOM’s financial health and market position.
In other recent news, MACOM Technology Solutions reported its Q1 FY2025 earnings, revealing an adjusted earnings per share (EPS) of $0.79, which slightly exceeded analysts’ forecasts of $0.78. The company also reported revenue of $218 million, surpassing the expected $214.04 million. MACOM’s guidance for Q2 FY2025 projects revenue between $227-$233 million, with an adjusted EPS forecast of $0.82-$0.86. In addition to these financial highlights, Benchmark analysts maintained a Buy rating on MACOM’s stock with a $160 price target, citing strong demand dynamics and a record backlog as positive indicators. The data center sector is experiencing robust growth, with demand projected to continue into 2025, while the telecom segment shows promise due to expanding satellite opportunities. MACOM’s Industrial & Defense segment is nearing a $100 million milestone, driven by initiatives aligning with battlefield and national defense needs. Despite some concerns about gross margin pressures, MACOM’s strategic initiatives and product diversification are seen as key drivers for sustainable revenue growth.
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