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Susan Ocampo, a director and significant shareholder of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI), recently sold a small portion of her holdings in the company. On February 27, Ocampo sold 2 shares of common stock at a price of $115.82 per share, totaling $231. The stock, which has shown significant volatility lately according to InvestingPro data, has declined over 8% in the past week while maintaining a 17% gain over the past year. Following this transaction, she holds 4,677,764 shares indirectly through trusts for her children and other entities. MACOM Technology Solutions, a player in the semiconductor industry, continues to see active trading from its insiders. With a market capitalization of $8.1 billion and nine analysts recently revising earnings estimates upward, InvestingPro analysis indicates strong institutional confidence in the company’s future performance. The platform offers 12 additional exclusive insights about MTSI’s valuation and growth prospects.
In other recent news, MACOM Technology Solutions reported its Q1 FY2025 earnings, surpassing expectations with an adjusted earnings per share (EPS) of $0.79, slightly above the forecast of $0.78. The company’s revenue for the quarter reached $218 million, exceeding the anticipated $214.04 million. MACOM projects revenue for Q2 FY2025 to be between $227-$233 million, with adjusted EPS expected to range from $0.82 to $0.86. Benchmark analysts maintained their Buy rating for MACOM, highlighting the company’s strong demand dynamics and improving book-to-bill ratio. Despite concerns about gross margins, which were noted to be under pressure, the analysts remain confident in MACOM’s strategy and market positioning. The company’s data center segment is experiencing strengthening demand, projected to continue into 2025, with potential growth in the telecom segment as well. MACOM’s Industrial & Defense segment is nearing a $100 million milestone, driven by growth in defense-related initiatives.
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