Insider Selling: Thomas Robert Anderson Unloads 1,000 Shares of Microsemi Corp. Stock (MSCC)
Microsemi Corp. (NASDAQ:MSCC) Director Thomas Robert Anderson sold 1,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $23.92, for a total transaction of $23,920.00. Following the completion of the sale, the director now directly owns 12,669 shares of the company’s stock, valued at approximately $303,042. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
MSCC has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.33.
Shares of Microsemi Corp. (NASDAQ:MSCC) opened at 23.99 on Friday. Microsemi Corp. has a one year low of $20.22 and a one year high of $27.91. The stock has a 50-day moving average of $25.87 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 released its earnings data on Thursday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter 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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