Microsemi Corporation (NASDAQ:MSCC) VP Frederick C. Goerner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $52.33, for a total transaction of $261,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Microsemi Corporation (MSCC) traded down 0.21% during mid-day trading on Tuesday, hitting $52.27. 390,650 shares of the stock were exchanged. The stock’s 50-day moving average price is $50.10 and its 200-day moving average price is $49.82. The company has a market cap of $6.05 billion, a P/E ratio of 52.90 and a beta of 1.18. Microsemi Corporation has a 52-week low of $37.11 and a 52-week high of $57.97.

Microsemi Corporation (NASDAQ:MSCC) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.81 by $0.18. The company had revenue of $458.10 million during the quarter, compared to analyst estimates of $457.87 million. Microsemi Corporation had a net margin of 6.90% and a return on equity of 19.91%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. Equities research analysts anticipate that Microsemi Corporation will post $3.84 earnings per share for the current fiscal year.

Microsemi Corporation announced that its Board of Directors has approved a stock repurchase program on Thursday, July 27th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 43% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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Several research firms have weighed in on MSCC. Zacks Investment Research downgraded shares of Microsemi Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Royal Bank Of Canada downgraded shares of Microsemi Corporation from a “top pick” rating to an “outperform” rating and decreased their price target for the stock from $64.00 to $58.00 in a research report on Wednesday, June 14th. Susquehanna Bancshares Inc set a $70.00 price target on shares of Microsemi Corporation and gave the stock a “buy” rating in a research report on Friday, July 28th. KeyCorp began coverage on shares of Microsemi Corporation in a research report on Monday, July 24th. They issued an “overweight” rating and a $61.00 price target on the stock. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $62.00 price target on shares of Microsemi Corporation in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $58.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. purchased a new stake in Microsemi Corporation in the 1st quarter worth $113,000. Dubuque Bank & Trust Co. increased its holdings in Microsemi Corporation by 3.1% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,071 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 93 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Microsemi Corporation in the 2nd quarter worth $219,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Microsemi Corporation by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 395 shares in the last quarter. Finally, BB&T Securities LLC increased its holdings in Microsemi Corporation by 13.4% in the 2nd quarter. BB&T Securities LLC now owns 5,158 shares of the semiconductor company’s stock worth $241,000 after acquiring an additional 610 shares in the last quarter. 98.47% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Microsemi Corporation (NASDAQ:MSCC)

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