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Susan Ocampo, a director at MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI), recently sold a significant portion of her holdings in the company, according to a filing with the Securities and Exchange Commission. On February 18 and 19, Ocampo sold a total of 336,884 shares of common stock, generating proceeds of approximately $41.8 million. The shares were sold at prices ranging from $124.08 to $124.13 per share. According to InvestingPro data, the stock has shown significant volatility, with a 47.75% return over the past year despite recent weakness.
Following these transactions, Ocampo still retains a substantial number of shares, with 4,786,752 shares held indirectly through trusts for her children. The sales were conducted as part of her indirect ownership interests, specifically through the Ocampo Family Trust and other family-related trusts. The timing is notable as InvestingPro analysis indicates the stock is trading above its Fair Value, with 9 analysts recently revising their earnings expectations upward for the upcoming period.
MACOM Technology Solutions Holdings, a semiconductor company based in Lowell, Massachusetts, continues to be a significant player in the industry, and these transactions reflect ongoing shifts in the ownership landscape among its key stakeholders. The company maintains strong financial health with a current ratio of 3.61, operating with moderate debt levels and liquid assets exceeding short-term obligations. Discover more comprehensive insights and 12 additional ProTips with InvestingPro’s detailed research report.
In other recent news, MACOM Technology Solutions reported its Q1 FY2025 earnings, surpassing expectations with an adjusted EPS of $0.79, slightly above the forecast of $0.78. The company also exceeded revenue projections, reporting $218 million against an expected $214.04 million. Looking forward, MACOM projects revenue between $227-$233 million for Q2 FY2025. Benchmark analysts maintained a Buy rating on MACOM with a $160 price target, noting the company’s strong demand dynamics and a book-to-bill ratio above parity. They acknowledged gross margin pressures but highlighted MACOM’s strategic positioning and product portfolio in high-growth markets. The company is experiencing robust demand in its data center and telecom segments, with significant opportunities in satellite communications. MACOM’s Industrial & Defense segment is also nearing a $100 million milestone, driven by defense-related initiatives. Despite gross margin challenges, the company remains focused on achieving a 60% gross margin through operational efficiencies.
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