Susan Ocampo, a director and significant shareholder of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI), recently sold shares of the company's common stock, according to a new SEC filing. The transactions, which took place on May 30, 2024, involved the sale of 16,490 shares at a weighted average price of $103.02, resulting in a total value of approximately $1.7 million.
The sales were executed in multiple transactions with prices ranging from $103.00 to $103.08 per share. This range indicates a consistent selling price for the shares disposed of by Ocampo. Following the sale, it was reported that Ocampo still retains a significant stake in the company, with 6,972,027 shares held indirectly through trusts for her children.
The shares sold were held by trusts set up for the benefit of Ocampo's children, for which she serves as a trustee. The SEC filing specifies that these shares are held indirectly by the trusts. The reporting footnotes provide additional context, indicating that the shares are divided among six trusts, with two trusts each for her son and daughter, and two additional trusts for another son.
Investors often monitor insider transactions as they can provide insights into the executives' perspectives on the company's future performance. However, it is important to note that these transactions do not necessarily indicate a change in company fundamentals or executives' outlook.
Susan Ocampo's recent transaction is part of the regular disclosure of stock trades made by company insiders, which is required by the Securities and Exchange Commission. These disclosures are publicly available and can be found in the SEC's EDGAR database.
InvestingPro Insights
As investors digest the news of Susan Ocampo's recent stock sale of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI), it's worthwhile to examine the company through the lens of current financial metrics and expert analysis. According to InvestingPro data, MTSI boasts a market capitalization of $7.33 billion and a Price to Earnings (P/E) ratio of 113.33. While the P/E ratio is high, suggesting a premium valuation, it's important to consider that analysts have revised their earnings upwards for the upcoming period, which could justify the optimistic valuation to some extent.
Additionally, MTSI has demonstrated a strong return over the last year, with a 65.18% return on the stock price, closely approaching its 52-week high at 95.26% of the peak value. This performance aligns with the InvestingPro Tips that highlight the company's high return over the past year and its operation with a moderate level of debt, which may offer some reassurance to investors considering the company's financial stability.
For those looking to further explore MTSI's financials and stock performance, InvestingPro offers in-depth analysis and additional tips. There are 15 more InvestingPro Tips available that can provide investors with a more comprehensive understanding of the company's financial health and market position. Interested readers can unlock these insights and take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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