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Microsemi Corp. (NASDAQ:MSCC) CEO James J. Peterson sold 17,776 shares of Microsemi Corp. stock on the open market in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $27.22, for a total transaction of $483,862.72. Following the completion of the sale, the chief executive officer now directly owns 307,651 shares of the company’s stock, valued at approximately $8,374,260. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Microsemi Corp. (NASDAQ:MSCC) traded up 1.33% on Thursday, hitting $27.44. The stock had a trading volume of 161,170 shares. Microsemi Corp. has a 52 week low of $20.22 and a 52 week high of $27.91. The stock has a 50-day moving average of $25.66 and a 200-day moving average of $24.56. The company has a market cap of $2.606 billion and a price-to-earnings ratio of 91.49.

Microsemi Corp. (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.51 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.43 earnings per share. Microsemi Corp.’s revenue was up 22.0% compared to the same quarter last year. Analysts expect that Microsemi Corp. will post $2.17 EPS for the current fiscal year.

Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company 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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