Microsemi Co. (NASDAQ:MSCC) has earned an average recommendation of “Buy” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $61.67.
A number of equities research analysts recently weighed in on MSCC shares. Zacks Investment Research upgraded Microsemi from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, September 26th. BidaskClub cut Microsemi from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Piper Jaffray Companies started coverage on Microsemi in a research note on Monday, December 18th. They issued an “overweight” rating and a $60.00 price target on the stock. Oppenheimer restated a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. Finally, KeyCorp restated a “buy” rating and issued a $62.00 price target on shares of Microsemi in a research note on Friday, October 20th.
In other Microsemi news, VP Frederick C. Goerner sold 3,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $55.00, for a total transaction of $165,000.00. Following the transaction, the vice president now owns 57,602 shares in the company, valued at approximately $3,168,110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John W. Hohener sold 55,618 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $53.73, for a total value of $2,988,355.14. Following the transaction, the chief financial officer now owns 80,133 shares in the company, valued at approximately $4,305,546.09. The disclosure for this sale can be found here. Insiders have sold a total of 179,464 shares of company stock worth $9,627,795 in the last quarter. Company insiders own 0.57% of the company’s stock.
Microsemi (MSCC) traded up $0.21 on Tuesday, reaching $58.18. The company had a trading volume of 697,390 shares, compared to its average volume of 943,715. Microsemi has a twelve month low of $46.08 and a twelve month high of $59.22. 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 company has a market cap of $6,869.20, a PE ratio of 38.53, a PEG ratio of 1.23 and a beta of 1.15.
Microsemi (NASDAQ:MSCC) last posted its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.01. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The business had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $474.97 million. During the same quarter in the prior year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. analysts predict that Microsemi will post 3.57 earnings per share for the current year.
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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