Insider Selling: Paul Pickle Unloads 16,667 Shares of Microsemi Corp. Stock (MSCC)
Microsemi Corp. (NASDAQ:MSCC) EVP Paul Pickle sold 16,667 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $25.22, for a total transaction of $420,341.74. Following the completion of the sale, the executive vice president now directly owns 63,333 shares in the company, valued at approximately $1,597,258. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Microsemi Corp. (NASDAQ:MSCC) traded up 0.52% on Friday, hitting $24.96. 404,513 shares of the company’s stock traded hands. Microsemi Corp. has a one year low of $17.12 and a one year 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 $2.326 billion and a price-to-earnings ratio of 54.33.
MSCC has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. downgraded shares of Microsemi Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, September 19th. They noted that the move was a valuation call. Separately, analysts at Thomson Reuters/Verus downgraded shares of Microsemi Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 16th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Microsemi Corp. in a research note to investors on Tuesday, July 30th. They now have a $26.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Microsemi Corp. currently has a consensus rating of “Buy” and a consensus price target of $22.92.
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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