Microsemi Corporation (MSCC) Given Average Recommendation of “Buy” by Brokerages

Shares of Microsemi Corporation (NASDAQ:MSCC) have received an average recommendation of “Buy” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $61.88.

Several equities analysts recently issued reports on MSCC shares. Zacks Investment Research upgraded shares of Microsemi from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, September 26th. BidaskClub lowered shares of Microsemi from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Oppenheimer restated a “hold” rating on shares of Microsemi in a report on Friday, November 10th. KeyCorp restated a “buy” rating and issued a $62.00 target price on shares of Microsemi in a report on Friday, October 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $61.00 target price on shares of Microsemi in a report on Friday, November 10th.

Shares of Microsemi (NASDAQ MSCC) traded down $0.25 during trading hours on Monday, hitting $52.60. 900,424 shares of the stock were exchanged, compared to its average volume of 795,793. The firm has a market capitalization of $6,214.85, a price-to-earnings ratio of 15.87, a PEG ratio of 1.19 and a beta of 1.14. The company has a current ratio of 1.92, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. Microsemi 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 (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.01. The business had revenue of $475.30 million for 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 revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. research analysts anticipate that Microsemi will post 3.57 earnings per share for the current fiscal year.

In other Microsemi news, COO Paul H. Pickle sold 14,746 shares of Microsemi stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $52.48, for a total value of $773,870.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John W. Hohener sold 11,638 shares of Microsemi stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $52.49, for a total transaction of $610,878.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 233,553 shares of company stock valued at $12,462,747. Insiders own 0.57% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of MSCC. CIBC Asset Management Inc bought a new stake in Microsemi in the third quarter valued at $203,000. Coldstream Capital Management Inc. bought a new stake in Microsemi in the third quarter valued at $211,000. BTC Capital Management Inc. bought a new stake in Microsemi in the third quarter valued at $214,000. Quantitative Systematic Strategies LLC bought a new stake in Microsemi in the second quarter valued at $219,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Microsemi by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 395 shares in the last quarter. 97.49% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Microsemi (NASDAQ:MSCC)

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