Macom technology director Susan Ocampo sells $19.8 million in stock

Susan Ocampo, a director and ten percent owner at MACOM Technology Solutions Holdings Inc. (NASDAQ:), recently executed a series of stock sales totaling approximately $19.8 million. The transactions, which took place over three consecutive days from November 13 to November 15, involved the sale of 161,019 shares of common stock. The shares were sold at prices ranging from $123.03 to $130.05 per share.

Following these transactions, Ocampo holds 5,914,008 shares indirectly through trusts for her children. Additionally, she maintains direct ownership of 2,138 shares. The sales were executed through multiple transactions, with the largest single-day sale occurring on November 15, when 71,796 shares were sold at an average price of $123.03.

These transactions reflect Ocampo's continued management of her substantial holdings in the semiconductor company, which is headquartered in Lowell, Massachusetts.

In other recent news, MACOM Technology Solutions has been making significant strides in its financial performance and strategic growth. The semiconductor solutions supplier reported record-breaking financial results for the fourth fiscal quarter of 2024 with a quarterly revenue of $200.7 million and an adjusted earnings per share (EPS) of $0.73. The company also concluded the fiscal year with a total revenue of $729.6 million, resulting in an EPS of $2.56.

Needham & Company has subsequently upgraded MACOM's stock price target to $150 from the previous $120, maintaining a Buy rating. This decision comes in the wake of MACOM's robust forecast, particularly due to the company's performance in the Data Center sector. The firm anticipates MACOM's revenue to significantly increase as products designed for 800G and 1.6T speeds gain traction across various platforms and applications.

MACOM has also completed the acquisition of ENGIN-IC, a move aimed at enhancing its microwave IC design capabilities for defense applications. With this acquisition and other developments, the company projects a revenue between $212 million and $218 million and an adjusted EPS of $0.75 to $0.81 for fiscal Q1 2025. MACOM has set its sights on surpassing an annualized revenue run rate of $1 billion by fiscal year 2026, emphasizing its focus on enhancing its leadership in semiconductor technologies.

InvestingPro Insights

Recent insider sales by Susan Ocampo at MACOM Technology Solutions Holdings Inc. (NASDAQ:MTSI) come at a time when the company's stock has shown strong performance. According to InvestingPro data, MTSI has delivered a remarkable 51.72% total return over the past year, and a 15.7% return in the last three months. This robust performance aligns with an InvestingPro Tip indicating that MTSI has experienced a "high return over the last year."

Despite the recent insider sales, MTSI's financial health appears solid. The company's revenue for the last twelve months as of Q4 2024 stood at $729.58 million, with a revenue growth of 12.52%. Additionally, MTSI operates with a moderate level of debt, and its liquid assets exceed short-term obligations, as noted in the InvestingPro Tips.

However, investors should be aware that MTSI is trading at high valuation multiples. The company's P/E ratio stands at 114.95, which is considered high. This is consistent with an InvestingPro Tip highlighting that MTSI is "trading at a high earnings multiple."

For those interested in a more comprehensive analysis, InvestingPro offers 17 additional tips for MACOM Technology Solutions Holdings Inc., providing a deeper insight into the company's financial position and market performance.

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