Microsemi Corp. CEO James J. Peterson Unloads 8,888 Shares (MSCC)
Microsemi Corp. (NASDAQ:MSCC) CEO James J. Peterson unloaded 8,888 shares of the company’s stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $25.89, for a total transaction of $230,110.32. Following the transaction, the chief executive officer now directly owns 307,651 shares in the company, valued at approximately $7,965,084. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Microsemi Corp. (NASDAQ:MSCC) traded down 0.19% on Wednesday, hitting $25.84. The stock had a trading volume of 250,961 shares. Microsemi Corp. has a one year low of $20.22 and a one year high of $27.91. The stock’s 50-day moving average is $25.21 and its 200-day moving average is $24.8. The company has a market cap of $2.465 billion and a P/E ratio of 539.38.
Microsemi Corp. (NASDAQ:MSCC) last released its earnings data on Thursday, July 24th. The company reported $0.58 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.49 earnings per share. Microsemi Corp.’s revenue was up 20.5% compared to the same quarter last year. Analysts expect that Microsemi Corp. will post $2.19 EPS for the current fiscal year.
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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company 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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