Director and significant shareholder of MACOM Technology Solutions, Susan Ocampo, recently sold shares worth $32.3 million. The sales were conducted at prices ranging from $133.15 to $137.18 per share on November 22, 25, and 26. Ocampo now indirectly holds 6,313,193 shares through the Ocampo Family Trust and additional shares for her children.
In other news, MACOM received an upgraded stock price target of $150 from Needham & Company, maintaining a Buy rating after the company’s strong financial results. MACOM reported record-breaking revenue of $200.7 million for Q4 2024, with an adjusted EPS of $0.73. The company also completed the acquisition of ENGIN-IC, enhancing its capabilities for defense applications. MACOM projects revenue of $212-218 million and an adjusted EPS of $0.75-0.81 for Q1 2025.
Looking ahead, MACOM aims to achieve an annualized revenue run rate of $1 billion by 2026. Despite potential industry headwinds, the company anticipates growth in all end markets, especially data centers. Needham foresees new optical technologies contributing significantly to MACOM’s revenue in fiscal year 2025.
InvestingPro Insights indicate strong market momentum for MACOM, with a 59.02% price total return over the past year. The company’s financial health appears solid, with positive forecasts driving its current valuation. While insider selling activity may raise concerns, MACOM’s revenue growth and financial stability offer reassurance to potential investors. For a more detailed analysis, InvestingPro provides additional tips for readers.
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