Susan Ocampo, director and major shareholder of MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI), recently sold shares valued at around $32.3 million. The transactions, occurring in late November, involved the sale of various batches of common stock at prices ranging from $133.15 to $137.18 per share. After the sales, Ocampo indirectly holds over 6 million shares through the Ocampo Family Trust and trusts for her children.
MACOM has received positive attention from analysts, as Needham & Company raised its stock price target to $150 from $120, maintaining a Buy rating. This adjustment follows strong financial results, with record-breaking revenue in the fourth fiscal quarter of 2024. The company has ambitious plans to exceed a $1 billion annualized revenue run rate by fiscal year 2026.
Despite insider selling activity, MACOM’s stock performance has been robust, with significant market momentum and strong returns. The company’s financial health appears solid, with positive forecasts for net income growth and a moderate level of debt. However, the high valuation multiples across various metrics may require careful consideration for potential investors.
InvestingPro Insights provide a comprehensive analysis of MTSI, highlighting its strong revenue growth and solid financial position. For readers seeking a deeper understanding of the company’s market position and outlook, InvestingPro offers 18 additional tips.
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