Frederick C. Goerner Sells 3,968 Shares of Microsemi Co. (MSCC) Stock

Microsemi Co. (NASDAQ:MSCC) VP Frederick C. Goerner sold 3,968 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $51.51, for a total value of $204,391.68. Following the completion of the sale, the vice president now directly owns 57,794 shares of the company’s stock, valued at $2,976,968.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Microsemi Co. (NASDAQ MSCC) opened at $50.84 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $5,980.00, a PE ratio of 15.26, a P/E/G ratio of 1.14 and a beta of 1.14. Microsemi Co. has a 52-week low of $46.08 and a 52-week high of $57.97.

Microsemi (NASDAQ:MSCC) last released its earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.01. The company had revenue of $475.30 million during the quarter, compared to the consensus estimate of $474.97 million. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. Microsemi’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. analysts predict that Microsemi Co. will post 3.57 earnings per share for the current fiscal year.

A number of analysts recently issued reports on MSCC shares. Zacks Investment Research downgraded Microsemi from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. KeyCorp reissued a “buy” rating and set a $62.00 price objective on shares of Microsemi in a research report on Friday, October 20th. BidaskClub downgraded Microsemi from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $61.00 price objective on shares of Microsemi in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $61.11.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc acquired a new position in Microsemi in the 3rd quarter valued at about $203,000. Coldstream Capital Management Inc. acquired a new position in Microsemi in the 3rd quarter valued at about $211,000. BTC Capital Management Inc. acquired a new position in Microsemi in the 3rd quarter valued at about $214,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Microsemi by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the semiconductor company’s stock valued at $224,000 after acquiring an additional 395 shares in the last quarter. Finally, Harvest Management LLC acquired a new position in Microsemi in the 3rd quarter valued at about $257,000. 97.54% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Frederick C. Goerner Sells 3,968 Shares of Microsemi Co. (MSCC) Stock” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/12/14/frederick-c-goerner-sells-3968-shares-of-microsemi-co-mscc-stock.html.

About Microsemi

Microsemi Corporation is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance. The Company offers a portfolio of semiconductor and system solutions for aerospace and defense, communications, data center and industrial markets.

Insider Buying and Selling by Quarter for Microsemi (NASDAQ:MSCC)

Receive News & Ratings for Microsemi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsemi and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply