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Microsemi Corp. (NASDAQ:MSCC) CEO James J. Peterson unloaded 17,776 shares of the company’s stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $26.47, for a total transaction of $470,530.72. Following the completion of the transaction, the chief executive officer now directly owns 307,651 shares in the company, valued at approximately $8,143,522. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Microsemi Corp. (NASDAQ:MSCC) traded down 0.60% during mid-day trading on Thursday, hitting $26.32. 234,396 shares of the company’s stock traded hands. Microsemi Corp. has a 52-week low of $20.22 and a 52-week high of $26.75. The stock’s 50-day moving average is $24.38 and its 200-day moving average is $24.22. The company has a market cap of $2.500 billion and a P/E ratio of 89.46.

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. Analysts expect that Microsemi Corp. will post $2.17 EPS for the current fiscal year.

A number of research firms have recently commented on MSCC. Analysts at Goldman Sachs upgraded shares of Microsemi Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, June 2nd. 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 given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $28.33.

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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