Microsemi (NASDAQ:MSCC)‘s stock had its “equal weight” rating reissued by investment analysts at KeyCorp in a report issued on Wednesday, March 7th.
A number of other brokerages have also recently issued reports on MSCC. Piper Jaffray Companies cut shares of Microsemi from an “overweight” rating to a “neutral” rating in a report on Tuesday, March 6th. BidaskClub upgraded shares of Microsemi from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 6th. Stifel Nicolaus cut shares of Microsemi from a “buy” rating to a “hold” rating and set a $68.00 price objective for the company. in a report on Friday, March 2nd. Mizuho cut shares of Microsemi from a “buy” rating to a “neutral” rating and set a $68.78 price target on the stock. in a report on Monday, March 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of Microsemi in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $64.32.
Shares of Microsemi (MSCC) traded down $0.21 during midday trading on Wednesday, reaching $66.24. 3,487,765 shares of the company were exchanged, compared to its average volume of 3,676,689. Microsemi has a fifty-two week low of $46.08 and a fifty-two week high of $67.52. The company has a market capitalization of $7,790.00, a P/E ratio of 43.29, a PEG ratio of 1.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.36 and a quick ratio of 1.55.
In other news, Director Paul F. Folino sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $67.27, for a total value of $302,715.00. Following the sale, the director now owns 1,070 shares of the company’s stock, valued at $71,978.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new stake in Microsemi during the 4th quarter worth approximately $332,000. Xact Kapitalforvaltning AB bought a new stake in Microsemi during the 4th quarter worth approximately $502,000. MetLife Investment Advisors LLC bought a new stake in Microsemi during the 4th quarter worth approximately $3,843,000. Jane Street Group LLC increased its holdings in Microsemi by 104.9% during the 4th quarter. Jane Street Group LLC now owns 12,193 shares of the semiconductor company’s stock worth $630,000 after acquiring an additional 6,242 shares during the period. Finally, Sciencast Management LP bought a new stake in Microsemi during the 4th quarter worth approximately $344,000. 97.44% of the stock is currently owned by institutional investors.
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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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