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Microsemi Corp. (NASDAQ:MSCC) CEO James J. Peterson sold 14,560 shares of Microsemi Corp. stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $24.84, for a total transaction of $361,670.40. Following the completion of the sale, the chief executive officer now directly owns 307,651 shares in the company, valued at approximately $7,642,051. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

MSCC has been the subject of a number of recent research reports. Analysts at Goldman Sachs upgraded shares of Microsemi Corp. from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $30.00 price target on the stock, up previously from $26.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Microsemi Corp. in a research note on Friday, April 25th. They now have a $27.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Microsemi Corp. from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 10th. They now have a $27.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Microsemi Corp. currently has a consensus rating of “Buy” and an average price target of $28.33.

Shares of Microsemi Corp. (NASDAQ:MSCC) traded down 0.27% during mid-day trading on Friday, hitting $25.63. 493,583 shares of the company’s stock traded hands. Microsemi Corp. has a 1-year low of $20.22 and a 1-year high of $26.72. The stock has a 50-day moving average of $24.20 and a 200-day moving average of $24.14. The company has a market cap of $2.434 billion and a price-to-earnings ratio of 86.82.

Microsemi Corp. (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.51 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.51. The company had revenue of $287.00 million for the quarter, compared to the consensus estimate of $286.20 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. On average, analysts predict that Microsemi Corp. will post $2.17 earnings per share for the current fiscal year.

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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