Susan Ocampo, a director and significant shareholder of MACOM Technology Solutions Holdings, Inc., recently sold shares totaling around $32.3 million. These transactions took place on November 22, 25, and 26, involving the sale of common stock at prices ranging from $133.15 to $137.18 per share. Despite these sales, Ocampo still holds over 6.3 million shares indirectly through her family trust.
In more positive news for MACOM, Needham & Company increased its stock price target for the company to $150, up from $120, while maintaining a Buy rating. This adjustment follows MACOM’s strong financial results for the fourth fiscal quarter of 2024, with record revenue and earnings per share. The company also completed the acquisition of ENGIN-IC to enhance its microwave IC design capabilities for defense applications.
Looking ahead, MACOM aims to exceed $1 billion in annual revenue by 2026 and foresees growth in various end markets, particularly in data centers. Despite potential challenges in the semiconductor industry, new optical technologies are expected to contribute significantly to MACOM’s revenue stream.
InvestingPro Insights highlight the recent positive momentum for MACOM, with the stock showing strong performance over the past year. Analysts have revised earnings upwards, indicating investor confidence in the company’s future growth potential. While there are concerns about the high valuation multiples, MACOM’s financial stability and revenue growth remain strong, according to InvestingPro Tips.
For a more in-depth analysis of MACOM, InvestingPro offers 18 additional tips to help investors understand the company’s financial health and market position.
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