Share on StockTwits

Microsemi Corp. (NASDAQ:MSCC) CEO James J. Peterson sold 17,776 shares of Microsemi Corp. stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $25.05, for a total transaction of $445,288.80. Following the completion of the sale, the chief executive officer now directly owns 298,763 shares in the company, valued at approximately $7,484,013. The transaction was disclosed in a 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.33.

Shares of Microsemi Corp. (NASDAQ:MSCC) traded up 1.78% on Thursday, hitting $25.71. 484,564 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 $25.26 and a 200-day moving average of $24.74. The company has a market cap of $2.453 billion and a price-to-earnings ratio of 526.25.

Microsemi Corp. (NASDAQ:MSCC) last released its 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. Analysts expect that Microsemi Corp. will post $2.19 EPS 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.