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.
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.
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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