Microsemi Corporation (NASDAQ:MSCC)‘s stock had its “buy” rating restated by investment analysts at BMO Capital Markets in a research note issued on Thursday. They currently have a $62.00 price target on the semiconductor company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 19.78% from the stock’s previous close.

Several other research firms have also recently weighed in on MSCC. Royal Bank Of Canada reiterated a “top pick” rating and set a $64.00 price objective on shares of Microsemi Corporation in a research report on Monday, May 22nd. Needham & Company LLC lowered their price objective on shares of Microsemi Corporation from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Raymond James Financial, Inc. assumed coverage on shares of Microsemi Corporation in a research report on Friday, June 16th. They set a “market perform” rating on the stock. BidaskClub cut shares of Microsemi Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Finally, TheStreet upgraded shares of Microsemi Corporation from a “c+” rating to a “b+” rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $56.00.

Shares of Microsemi Corporation (NASDAQ MSCC) opened at 51.96 on Thursday. The firm’s 50-day moving average price is $49.11 and its 200-day moving average price is $51.13. Microsemi Corporation has a one year low of $33.64 and a one year high of $57.97. The firm has a market cap of $6.00 billion, a PE ratio of 27.48 and a beta of 1.15.

Microsemi Corporation (NASDAQ:MSCC) last posted its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.18. The firm had revenue of $442.90 million for the quarter, compared to analyst estimates of $439.79 million. Microsemi Corporation had a net margin of 12.77% and a return on equity of 18.77%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. Equities research analysts expect that Microsemi Corporation will post $3.82 earnings per share for the current fiscal year.

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In related news, COO Paul H. Pickle sold 3,826 shares of Microsemi Corporation stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $49.28, for a total value of $188,545.28. Following the completion of the sale, the chief operating officer now owns 45,790 shares of the company’s stock, valued at approximately $2,256,531.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas Robert Anderson sold 2,000 shares of Microsemi Corporation stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $50.56, for a total transaction of $101,120.00. Following the completion of the sale, the director now directly owns 16,113 shares of the company’s stock, valued at approximately $814,673.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,184 shares of company stock worth $2,475,231. 0.57% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in Microsemi Corporation by 10.3% in the second quarter. US Bancorp DE now owns 30,023 shares of the semiconductor company’s stock valued at $1,406,000 after buying an additional 2,811 shares during the last quarter. State Treasurer State of Michigan raised its stake in Microsemi Corporation by 1.7% in the second quarter. State Treasurer State of Michigan now owns 47,600 shares of the semiconductor company’s stock valued at $2,228,000 after buying an additional 800 shares during the last quarter. First National Bank of Omaha raised its stake in Microsemi Corporation by 3.3% in the second quarter. First National Bank of Omaha now owns 19,170 shares of the semiconductor company’s stock valued at $897,000 after buying an additional 607 shares during the last quarter. Aperio Group LLC raised its stake in Microsemi Corporation by 25.4% in the second quarter. Aperio Group LLC now owns 32,700 shares of the semiconductor company’s stock valued at $1,530,000 after buying an additional 6,626 shares during the last quarter. Finally, Rockefeller Financial Services Inc. raised its stake in Microsemi Corporation by 3.0% in the second quarter. Rockefeller Financial Services Inc. now owns 549,282 shares of the semiconductor company’s stock valued at $25,706,000 after buying an additional 16,126 shares during the last quarter.

Microsemi Corporation Company Profile

Microsemi Corporation is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance. The Company offers a portfolio of semiconductor and system solutions for aerospace and defense, communications, data center and industrial markets.

Analyst Recommendations for Microsemi Corporation (NASDAQ:MSCC)

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