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Microsemi Corp. (NASDAQ:MSCC) CEO James J. Peterson sold 17,776 shares of Microsemi Corp. stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $25.86, for a total transaction of $459,687.36. Following the sale, the chief executive officer now directly owns 307,651 shares of the company’s stock, valued at approximately $7,955,855. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Microsemi Corp. (NASDAQ:MSCC) traded down 0.19% during mid-day trading on Wednesday, hitting $25.84. 250,961 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 $25.21 and a 200-day moving average of $24.8. The company has a market cap of $2.465 billion and a price-to-earnings ratio of 539.38.

Microsemi Corp. (NASDAQ:MSCC) last issued its quarterly 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. Analysts expect that Microsemi Corp. will post $2.19 EPS for the current fiscal year.

Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target 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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