Microsemi (MSCC) Receives Consensus Rating of “Hold” from Brokerages

Microsemi (NASDAQ:MSCC) has been given an average rating of “Hold” by the seventeen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $61.96.

Several research analysts recently commented on the stock. BidaskClub downgraded shares of Microsemi from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. TheStreet downgraded shares of Microsemi from a “b+” rating to a “c+” rating in a research note on Tuesday, May 15th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Microsemi in a research note on Wednesday, May 30th. KeyCorp reaffirmed an “equal weight” rating on shares of Microsemi in a research note on Wednesday, March 7th. Finally, Mizuho downgraded shares of Microsemi from a “buy” rating to a “neutral” rating and set a $68.78 target price on the stock. in a research note on Monday, March 5th.

In related news, Director Paul F. Folino sold 3,605 shares of Microsemi stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $67.52, for a total value of $243,409.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Frederick C. Goerner sold 2,102 shares of Microsemi stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $64.76, for a total transaction of $136,125.52. Following the completion of the sale, the vice president now owns 55,692 shares in the company, valued at approximately $3,606,613.92. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.



Large investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in Microsemi in the fourth quarter valued at $108,000. Advisor Group Inc. boosted its holdings 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 valued at $115,000 after buying an additional 1,071 shares in the last quarter. Point72 Asia Hong Kong Ltd boosted its holdings in shares of Microsemi by 139,400.0% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,790 shares of the semiconductor company’s stock valued at $181,000 after buying an additional 2,788 shares in the last quarter. ING Groep NV bought a new stake in shares of Microsemi during the 1st quarter valued at $232,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Microsemi during the 1st quarter valued at $238,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

Shares of NASDAQ MSCC remained flat at $$68.74 during mid-day trading on Friday. The company has a quick ratio of 1.57, a current ratio of 2.27 and a debt-to-equity ratio of 0.86. Microsemi has a 1-year low of $46.08 and a 1-year high of $68.77. The company has a market cap of $8.11 billion, a PE ratio of 21.09, a P/E/G ratio of 1.57 and a beta of 1.21.

About Microsemi

Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company offers analog mixed-signal integrated circuits; field programmable gate arrays; system on chip solutions and application-specific integrated circuits; power management products; and timing and synchronization devices, and precise time solutions.

Analyst Recommendations for Microsemi (NASDAQ:MSCC)

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