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Microsemi Corp. (NASDAQ:MSCC)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research note issued on Friday. They currently have a $31.00 price objective on the stock, up from their previous price objective of $30.00. Stifel Nicolaus’ target price would indicate a potential upside of 25.71% from the company’s current price.

In other Microsemi Corp. news, CEO James J. Peterson unloaded 17,776 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $26.11, for a total transaction of $464,131.36. The sale was disclosed in a filing with the SEC, which is available at this link.

Microsemi Corp. (NASDAQ:MSCC) traded down 3.63% on Friday, hitting $24.66. 536,894 shares of the company’s stock traded hands. Microsemi Corp. has a 52-week low of $20.22 and a 52-week high of $27.91. The stock’s 50-day moving average is $26.51 and its 200-day moving average is $24.75. The company has a market cap of $2.342 billion and a P/E ratio of 86.45.

Microsemi Corp. (NASDAQ:MSCC) last announced its earnings results on Thursday, July 24th. The company reported $0.58 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.58. The company had revenue of $292.30 million for the quarter, compared to the consensus estimate of $290.41 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 20.5% 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.

A number of other analysts have also recently weighed in on MSCC. Analysts at Zacks reiterated a “neutral” rating on shares of Microsemi Corp. in a research note on Thursday. They now have a $27.00 price target 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.33.

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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