BidaskClub upgraded shares of Microsemi (NASDAQ:MSCC) from a hold rating to a buy rating in a research report sent to investors on Thursday.
Several other equities analysts also recently issued reports on MSCC. KeyCorp reissued a buy rating and set a $62.00 price target on shares of Microsemi in a report on Friday, October 20th. Zacks Investment Research raised shares of Microsemi from a sell rating to a hold rating in a report on Tuesday, October 24th. Needham & Company LLC reissued a buy rating and set a $61.00 price target on shares of Microsemi in a report on Friday, November 10th. Oppenheimer reissued a hold rating on shares of Microsemi in a report on Friday, November 10th. Finally, Piper Jaffray Companies initiated coverage on shares of Microsemi in a report on Monday, December 18th. They set an overweight rating and a $60.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $65.55.
Microsemi (MSCC) opened at $60.01 on Thursday. Microsemi has a 1-year low of $46.08 and a 1-year high of $65.65. The stock has a market cap of $7,050.00, a PE ratio of 39.22, a P/E/G ratio of 1.28 and a beta of 1.33. The company has a current ratio of 2.36, a quick ratio of 1.55 and a debt-to-equity ratio of 0.89.
Microsemi (NASDAQ:MSCC) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. The firm had revenue of $468.70 million during the quarter, compared to the consensus estimate of $460.17 million. During the same period last year, the firm posted $0.86 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. equities analysts predict that Microsemi will post 3.51 earnings per share for the current fiscal year.
In other Microsemi news, VP Frederick C. Goerner sold 3,968 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $51.51, for a total value of $204,391.68. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas Robert Anderson sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 14,113 shares of the company’s stock, valued at $721,456.56. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Microsemi during the 4th quarter worth approximately $108,000. IFP Advisors Inc grew its position in shares of Microsemi by 235.2% during the 4th quarter. IFP Advisors Inc now owns 2,212 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,552 shares during the period. Advisor Group Inc. grew its position in shares of Microsemi by 92.7% during the 4th quarter. Advisor Group Inc. now owns 2,226 shares of the semiconductor company’s stock worth $115,000 after buying an additional 1,071 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Microsemi during the 4th quarter worth approximately $124,000. Finally, Balter Liquid Alternatives LLC acquired a new stake in shares of Microsemi during the 4th quarter worth approximately $142,000. 97.48% 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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