The selling is small relative to market cap and concentrated in a single director who may be rebalancing. With MTSI trading at ~$380, near 13x the Q2 annualized adjusted EPS run rate, the strong earnings beat and raised guidance provide a fundamental tailwind. Monitor for any Form 144 filings or acceleration of director selling, but this cluster alone does not warrant a defensive posture.
Price Chart
Executive Summary
Director Peter Y. Chung sold 43,268 shares for ~$16.4M at $378.20, dominating this insider cluster alongside two smaller director sales totaling ~$891K and routine CFO/SVP sales of ~$282K. The cluster comes six trading days after MTSI reported a strong FQ2 2026 beat and raised Q3 guidance, but the director-scale selling—representing ~0.06% of market cap—is modest relative to the $27.4B valuation and appears liquidity-motivated, not a bearish signal.
Key Financial Metrics
Key Facts
- Director Peter Y. Chung sold 43,268 shares at $378.20 for ~$16.36M on May 14, the largest single insider sale in the cluster
- Two other directors (Ribar, Bland) sold ~$891K combined at $361.84–$380
- CFO Kober and SVP Hwang sold $282K combined, with $27K in restricted stock grants on May 15
- Director Bland gifted 700 shares (no economic impact) on May 18–19
- Total cluster open-market sales: ~$17.26M, or ~0.06% of MTSI's $27.4B market cap
- MTSI reported FQ2 revenue of $289.0M (+22.5% YoY) and adjusted EPS of $1.09 (vs. $0.85 YoY) on May 7, guiding Q3 revenue of $331–$339M and adjusted EPS of $1.31–$1.37
Financial Impact
Insider selling total of ~$17.3M (0.06% of market cap) — immaterial relative to company size
Risk Factors
- Director Chung's $16.4M sale could be a partial exit; further concentrated selling would increase scrutiny
- Q3 guidance midpoint of $335M revenue implies ~16% sequential growth — execution risk in a cyclical semiconductor environment
- Sector-wide inventory correction or demand slowdown in data center/telecom could pressure guidance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MTSI-1779311378325 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | 8-K | $301.64 $259.95 | ▼ −13.82% | ▼ −14.42% | $321.58 (+6.61%) |
Jun 9, 2026 16w ago | Press Release | $358.72 $304.82 | ▼ −15.03% | ▼ −16.47% | $321.58 (−10.35%) |
May 29, 2026 17w ago | 144 | $353.79 $380.37 | ▲ +7.51% | ▲ +8.81% | $321.58 (−9.10%) |
May 27, 2026 18w ago | 144 | $400.66 $390.19 | ▼ −2.61% | ▼ −0.71% | $321.58 (−19.74%) |
May 18, 2026 19w ago | Insider Cluster | $358.98 $367.11 | ▲ +2.26% | ▲ +1.28% | $321.58 (−10.42%) |
May 18, 2026 19w ago | Insider Cluster | $358.98 $367.11 | ▲ +2.26% | ▲ +1.28% | $321.58 (−10.42%) |
May 18, 2026 19w ago | Insider Cluster | $358.98 $367.11 | ▲ +2.26% | ▲ +1.28% | $321.58 (−10.42%) |
May 18, 2026 19w ago | Insider Cluster | $380.45 $395.70 | ▲ +4.01% | ▲ +3.68% | $321.58 (−15.47%) |
May 18, 2026 19w ago | Insider Cluster | $358.98 $367.11 | ▲ +2.26% | ▲ +1.28% | $321.58 (−10.42%) |
May 15, 2026 19w ago | Insider Cluster | $356.25 $368.32 | ▲ +3.39% | ▲ +1.81% | $321.58 (−9.73%) |
US Market Status
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