Susan Ocampo, a director and major shareholder of MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI), recently sold shares worth approximately $32.3 million. The sales occurred on November 22, 25, and 26, with prices ranging from $133.15 to $137.18 per share. Ocampo still holds over 6.3 million shares indirectly through trusts. Despite this, MACOM has received positive analyst attention, with Needham & Company raising its price target to $150. The company reported record-breaking financial results for Q4 2024, including a revenue of $200.7 million and an adjusted EPS of $0.73. MACOM aims to surpass $1 billion in annual revenue by 2026, with growth anticipated in data centers.
Despite Ocampo’s sales, MTSI’s stock has performed well, showing a 59.02% total return over the past year and trading near its 52-week high. Analysts expect net income growth, with positive forecasts driving the stock’s current valuation. MTSI’s financial health is stable, with liquid assets exceeding short-term obligations and manageable debt levels. Revenue growth remains strong, although high valuation multiples may warrant caution for potential investors. For a more in-depth analysis, InvestingPro offers additional tips on MTSI’s financial position and market standing.
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Susan Ocampo, Director of Macom Technology, Sells $32.3 Million Worth of Shares
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