Microsemi Co. (NASDAQ:MSCC) has earned an average rating of “Buy” from the fifteen brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $61.67.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Microsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $61.00 price objective on shares of Microsemi in a research note on Friday, November 10th. KeyCorp reaffirmed a “buy” rating and set a $62.00 price objective on shares of Microsemi in a research note on Friday, October 20th. Oppenheimer reaffirmed a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. Finally, Piper Jaffray Companies assumed coverage on shares of Microsemi in a research note on Monday, December 18th. They set an “overweight” rating and a $60.00 price objective for the company.
Microsemi (NASDAQ:MSCC) traded up $0.21 during midday trading on Tuesday, reaching $58.18. 697,390 shares of the company’s stock traded hands, compared to its average volume of 665,127. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.29. The stock has a market capitalization of $6,836.27, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. Microsemi has a 52 week low of $46.08 and a 52 week high of $59.22.
Microsemi (NASDAQ:MSCC) last posted its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.08 by $0.01. The company had revenue of $475.30 million during the quarter, compared to analyst estimates of $474.97 million. Microsemi had a net margin of 9.73% and a return on equity of 20.82%. Microsemi’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. research analysts anticipate that Microsemi will post 3.57 EPS for the current fiscal year.
In other news, Director Thomas Robert Anderson sold 1,000 shares of Microsemi stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.12, for a total transaction of $51,120.00. Following the completion of the sale, the director now directly owns 14,113 shares in the company, valued at $721,456.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Frederick C. Goerner sold 3,968 shares of Microsemi 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 sale, the vice president now owns 57,794 shares of the company’s stock, valued at $2,976,968.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 179,464 shares of company stock valued at $9,627,795. Corporate insiders own 0.57% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of Microsemi during the fourth quarter worth $454,000. Oakbrook Investments LLC raised its holdings in shares of Microsemi by 74.5% in the fourth quarter. Oakbrook Investments LLC now owns 10,820 shares of the semiconductor company’s stock valued at $559,000 after acquiring an additional 4,620 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in shares of Microsemi by 69.8% in the fourth quarter. Fox Run Management L.L.C. now owns 17,656 shares of the semiconductor company’s stock valued at $912,000 after acquiring an additional 7,256 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Microsemi by 8.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 466,548 shares of the semiconductor company’s stock valued at $24,098,000 after acquiring an additional 34,897 shares in the last quarter. Finally, National Investment Services Inc. WI raised its holdings in shares of Microsemi by 70.0% in the fourth quarter. National Investment Services Inc. WI now owns 7,666 shares of the semiconductor company’s stock valued at $396,000 after acquiring an additional 3,157 shares in the last quarter. Institutional investors and hedge funds own 97.55% of the company’s stock.
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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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