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Microsemi Corp. (NASDAQ:MSCC) Director Thomas Robert Anderson sold 1,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $23.92, for a total value of $23,920.00. Following the completion of the transaction, the director now directly owns 12,669 shares of the company’s stock, valued at approximately $303,042. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on MSCC. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Microsemi Corp. in a research note on Friday, July 25th. They now have a $31.00 price target on the stock, up previously from $30.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Microsemi Corp. in a research note on Thursday, July 24th. They now have a $27.00 price target on the stock. Finally, 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 issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $29.33.

Shares of Microsemi Corp. (NASDAQ:MSCC) traded up 0.71% on Friday, hitting $23.98. 63,780 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 has a 50-day moving average of $25.94 and a 200-day moving average of $24.71. The company has a market cap of $2.288 billion and a P/E ratio of 496.04.

Microsemi Corp. (NASDAQ:MSCC) last issued its quarterly earnings data 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 $2.19 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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