Movement Alert｜MACOM Technology Solutions Holdings, Inc. Falls 5.53% in Pre-Market Trading, Semiconductor Sector Broadly Weaker Ahead of Earnings

Market Focus18:53

On October 30, MACOM Technology Solutions Holdings, Inc. fell 5.53% in Pre-Market Trading, trading at $238.45 per share, with turnover of $331,500.

The most immediate publicly available backdrop was broad weakness across semiconductor stocks rather than a company-specific announcement. In the same sector, Micron Technology fell 5.23%, NVIDIA fell 2.94%, Intel fell 25.9%, Advanced Micro Devices fell 8.65%, and Marvell Technology fell 6.11%.

Recent company-specific context remained constructive: the company is scheduled to report earnings on November 5, and market expectations call for quarterly revenue of $420 million, up 61.57% year over year, with adjusted EPS of $2.00, up 115.17%. Earlier research updates also turned more positive, including a rating upgrade to outperform with a $335 target and a separate buy rating with a $375 target, while the company recently introduced a 3.2T front-end chipset solution for AI data center optical interconnects.

(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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