New insider activity at MACOM Technology Solutions Holdings ( (MTSI) ) has taken place on February 15, 2025.
Director Geoffrey Ribar has recently sold 6,656 shares of MACOM Technology Solutions Holdings, amounting to a substantial transaction value of $809,436.
Recent Updates on MTSI stock
MACOM Technology Solutions Holdings has recently seen its stock upgraded by Northland analyst Tim Savageaux, largely due to strong earnings performance and promising growth in key sectors like Data Center and Defense. The company reported record quarterly revenue of $218.1 million, an 8.7% sequential increase, driven by solid demand and a healthy book-to-bill ratio of 1.1:1. However, challenges such as pressure on gross margins due to under-absorption in the Lowell fab and ongoing softness in the telecom market were noted. Despite these hurdles, MACOM’s robust cash flow and positive financial outlook, including projected Q2 revenue between $227 million and $233 million, have bolstered investor confidence. Potential risks from U.S. policy changes remain a concern, but the company’s strategic focus on expanding its product portfolio and market position underscores its optimistic future trajectory.
More about MACOM Technology Solutions Holdings
YTD Price Performance: -5.67%
Average Trading Volume: 664,506
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.08B
Questions or Comments about the article? Write to editor@tipranks.com