US Semiconductor CEO Sells $80 Million Stake While Retaining $200 Million

On May 29, Steven G. Daly, CEO of Nasdaq-listed semiconductor company MACOM Technology Solutions Holdings, Inc. (MTSI), sold a portion of his shares on the open market under a Rule 10b5-1 trading plan established in late February. Over several transactions that day, he sold roughly 15,000 shares of common stock at prices between $358 and $391 per share, raising about $57 million (approximately KRW 8 billion). After the sale, his direct holding dropped to around 38,000 shares, valued at about $14.6 million (roughly KRW 20 billion).

In its fiscal 2026 second-quarter results announced May 7, the company reported revenue of $289 million, a 22.5% increase year over year. On June 4, MACOM further strengthened its market presence by unveiling new RF product lines for the aerospace and defense sectors at the International Microwave Symposium.

Headquartered in Lowell, Massachusetts, MACOM supplies analog and mixed-signal, RF, and optical communications semiconductors for telecommunications infrastructure, data centers, and defense and aerospace markets. Steven Daly has served as president and CEO since May 2019 and took on the additional role of board chairman in 2023.