Microsemi Corporation (NASDAQ:MSCC) has been assigned a consensus rating of “Buy” from the seventeen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $56.27.

Several research analysts have recently issued reports on MSCC shares. Royal Bank Of Canada restated a “top pick” rating and issued a $64.00 target price on shares of Microsemi Corporation in a report on Monday, May 22nd. Needham & Company LLC decreased their price target on shares of Microsemi Corporation from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Raymond James Financial, Inc. started coverage on shares of Microsemi Corporation in a research report on Friday, June 16th. They set a “market perform” rating for the company. BidaskClub downgraded shares of Microsemi Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Finally, BMO Capital Markets restated a “buy” rating and set a $62.00 price objective on shares of Microsemi Corporation in a research report on Thursday, July 20th.

WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/07/25/microsemi-corporation-mscc-given-consensus-rating-of-buy-by-brokerages.html.

Microsemi Corporation (NASDAQ MSCC) traded up 1.29% during trading on Tuesday, hitting $53.55. 1,222,750 shares of the stock were exchanged. Microsemi Corporation has a 12 month low of $34.98 and a 12 month high of $57.97. The stock has a market cap of $6.18 billion, a P/E ratio of 28.32 and a beta of 1.15. The stock’s 50 day moving average price is $49.33 and its 200 day moving average price is $51.08.

Microsemi Corporation (NASDAQ:MSCC) last announced its earnings results on Thursday, April 27th. The semiconductor company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. Microsemi Corporation had a net margin of 12.77% and a return on equity of 18.77%. The firm had revenue of $442.90 million for the quarter, compared to the consensus estimate of $439.79 million. During the same period in the prior year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Analysts forecast that Microsemi Corporation will post $3.82 EPS for the current fiscal year.

In other Microsemi Corporation news, COO Paul H. Pickle sold 694 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $50.73, for a total transaction of $35,206.62. Following the sale, the chief operating officer now owns 39,679 shares in the company, valued at approximately $2,012,915.67. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman James J. Peterson sold 8,800 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $48.13, for a total value of $423,544.00. Following the sale, the chairman now owns 200,911 shares in the company, valued at approximately $9,669,846.43. The disclosure for this sale can be found here. Insiders sold 50,184 shares of company stock valued at $2,475,231 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MSCC. ING Groep NV acquired a new position in shares of Microsemi Corporation during the second quarter worth $657,000. Tributary Capital Management LLC boosted its stake in shares of Microsemi Corporation by 11.9% in the second quarter. Tributary Capital Management LLC now owns 218,176 shares of the semiconductor company’s stock valued at $10,211,000 after buying an additional 23,129 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Microsemi Corporation during the second quarter valued at approximately $219,000. Dubuque Bank & Trust Co. boosted its stake in shares of Microsemi Corporation by 3.1% in the second quarter. Dubuque Bank & Trust Co. now owns 3,071 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 93 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of 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.

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)

Receive News & Ratings for Microsemi Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsemi Corporation and related companies with MarketBeat.com's FREE daily email newsletter.