Susan Ocampo, a director and major shareholder of MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI), recently sold shares worth $32.3 million. The sales, which took place on November 22, 25, and 26, involved batches of common stock priced between $133.15 and $137.18 per share. Ocampo now holds 6,313,193 shares indirectly through the Ocampo Family Trust and additional shares for her children.
On a positive note, Needham & Company raised its stock price target for MACOM to $150 from $120, maintaining a Buy rating. The company recently reported record-breaking financial results for the fourth fiscal quarter of 2024, with record revenues and earnings per share. MACOM also completed the acquisition of ENGIN-IC, enhancing its capabilities in defense applications.
Looking ahead, MACOM plans to achieve an annualized revenue run rate of $1 billion by fiscal year 2026, with expectations of considerable growth in data centers and new optical technologies. Despite potential challenges in the semiconductor industry, the company remains optimistic about its future prospects.
InvestingPro Insights show a strong market performance for MTSI, with substantial returns over the past year and robust investor confidence. While MTSI’s revenue growth remains impressive, its high valuation metrics may require careful consideration for potential investors. For a more in-depth analysis, InvestingPro offers additional tips on MTSI’s financial health and market position.
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