Owner Susan Ocampo Files Intent to Sell Additional $10.1M in Shares Amidst Ongoing Distribution
MTSI has more than doubled off its 52-week low of $84 on light trading volume (0.3× avg).
Summary
An owner of MACOM Technology Solutions has filed a Form 144 to sell an additional $10.1 million in shares, continuing a pattern of significant insider selling near the stock's 52-week high.
Key Events · Ownership and Investor Activity · MTSI
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Intent to Sell Additional Shares
Susan Ocampo, an owner, filed a Form 144 to sell 42,173 shares of common stock, valued at approximately $10.1 million.
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Continuation of Recent Selling Trend
This filing follows a $13.9 million Form 144 filed yesterday by Ocampo and other substantial sales totaling over $116 million in the past three months, indicating an ongoing distribution of shares.
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Selling Near 52-Week Highs
The proposed sale occurs as the company's stock trades near its 52-week high, potentially signaling profit-taking by a significant owner.
Analysis · MTSI · Manufacturing
Susan Ocampo, identified as an owner, has filed a Form 144 indicating her intent to sell approximately $10.1 million worth of common stock. This filing follows a series of significant sales by Ocampo, including a $13.9 million Form 144 filed yesterday and other substantial dispositions in the past three months totaling over $116 million. The continued selling by a major owner, especially while the stock is trading near its 52-week high, suggests a sustained distribution of shares and could be interpreted negatively by the market.
At the time of this filing, MTSI was trading at $243.41 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $18.3B. The 52-week trading range was $84.00 to $245.26. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.