Insider Selling: Thomas Robert Anderson Sells 1,000 Shares of Microsemi Corp. Stock (MSCC)
Microsemi Corp. (NASDAQ:MSCC) Director Thomas Robert Anderson unloaded 1,000 shares of Microsemi Corp. stock on the open market in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $25.97, for a total transaction of $25,970.00. Following the sale, the director now directly owns 14,616 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on MSCC shares. Analysts at Zacks reiterated a “neutral” rating on shares of Microsemi Corp. (NASDAQ:MSCC) in a research note to investors on Tuesday, July 30th. They now have a $26.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Microsemi Corp. (NASDAQ:MSCC) from $26.00 to $28.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $22.79.
Microsemi Corp. (NASDAQ:MSCC) traded up 1.09% during mid-day trading on Friday, hitting $26.01. 212,445 shares of the company’s stock traded hands. Microsemi Corp. has a 52-week low of $17.12 and a 52-week high of $26.72. The stock’s 50-day moving average is $25.67 and its 200-day moving average is $22.82. The company has a market cap of $2.424 billion and a price-to-earnings ratio of 56.30.
Microsemi Corp. (NASDAQ:MSCC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.02. The company had revenue of $242.60 million for the quarter, compared to the consensus estimate of $242.35 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis.
Microsemi Corporation (NASDAQ:MSCC) is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance.
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