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.
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.
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