On August 24, MACOM Technology Solutions Holdings, Inc. declined 5.15% in regular trading, trading at $252.53/share, with turnover of approximately $32.96 million.
The decline came amid broad-based selling pressure across the semiconductor sector. Within the Semiconductors industry, major names saw significant losses, with Micron Technology down 7.85%, Intel down 5.05%, Advanced Micro Devices down 4.44%, Taiwan Semiconductor Manufacturing down 2.89%, and NVIDIA down 2.50%. The sector-wide weakness dragged MACOM lower in sympathy.
MACOM Technology Solutions designs and manufactures analog semiconductor solutions for wireless and wireline applications across RF, microwave, millimeter wave, and lightwave spectrum. The company serves telecommunications, industrial and defense, and data center markets. It had previously reported better-than-expected fiscal Q3 results on August 6, with adjusted EPS of $1.40 beating the $1.35 estimate and revenue of $342.2 million exceeding the $335.4 million consensus.
(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.)
Comments