Founder Susan Ocampo Files Intent to Sell Another $78 Million in Shares
MTSI has more than doubled off its 52-week low of $118.16.
Summary
Founder Susan Ocampo has filed a Form 144 to sell an additional $78.2 million in shares, extending a pattern of significant insider distribution totaling over $700 million in the last three months, while the stock trades near its 52-week high.
Key Events · Ownership and Investor Activity · MTSI
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Intent to Sell $78.2 Million
Founder and significant owner Susan Ocampo filed a Form 144 to sell 190,787 shares, valued at approximately $78,258,001. This represents about 0.25% of the company's market capitalization.
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Continuation of Significant Selling Pattern
This filing extends an aggressive pattern of insider distribution, with Ocampo having already sold over $661 million in shares in the past three months, bringing her total recent sales and intent to sell to over $700 million.
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Stock Trading Near 52-Week High
The proposed sale occurs while MACOM Technology Solutions stock is trading near its 52-week high of $413.75, potentially indicating a move to lock in gains.
Analysis · MTSI · Manufacturing
Founder and significant owner Susan Ocampo has filed a Form 144 indicating her intent to sell an additional $78.2 million worth of shares. This filing continues a pattern of substantial insider selling by Ocampo, who has already sold over $661 million in shares over the past three months. The ongoing distribution by a key insider, especially with the stock trading near its 52-week high, suggests a lack of conviction at current valuations.
At the time of this filing, MTSI was trading at $413.20 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $31.3B. The 52-week trading range was $118.16 to $413.75. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.