On July 28, MACOM Technology Solutions Holdings, Inc. fell 5.47% in regular trading, trading at $248.6 USD/share, with turnover of $49.235 million. The decline came amid broad-based selling pressure across the semiconductor sector, with major names posting significant losses.
Within the Semiconductors sector where MACOM Technology Solutions Holdings, Inc. belongs, the overall sector weakened sharply. Among individual stocks, Micron Technology down 10.37%, SK hynix down 9.97%, Advanced Micro Devices down 8.82%, Intel down 7.70%, NVIDIA down 1.49%. The sector had already shown signs of weakness earlier in the week, with MACOM declining 5.1% on July 25 alongside similar broad semiconductor selling.
MACOM previously reported strong fiscal Q2 results in May, with revenue of $289 million and adjusted EPS of $1.09 beating estimates. The company guided fiscal Q3 revenue of $331-$339 million, well above the $299.8 million consensus at the time. The company is scheduled to report fiscal Q3 earnings on August 6.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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