Analysts expect Microsemi Corporation (NASDAQ:MSCC) to announce $460.07 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Microsemi’s earnings, with the highest sales estimate coming in at $460.52 million and the lowest estimate coming in at $460.00 million. Microsemi reported sales of $435.50 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The firm is expected to report its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Microsemi will report full-year sales of $460.07 million for the current financial year, with estimates ranging from $1.89 billion to $1.93 billion. For the next financial year, analysts expect that the firm will report sales of $2.02 billion per share, with estimates ranging from $1.99 billion to $2.05 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Microsemi.

Microsemi (NASDAQ:MSCC) last released its earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.01. The business had revenue of $475.30 million for the quarter, compared to the consensus estimate of $474.97 million. Microsemi had a net margin of 9.73% and a return on equity of 20.82%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share.

A number of brokerages recently commented on MSCC. Needham & Company LLC reaffirmed a “buy” rating and set a $61.00 price objective on shares of Microsemi in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Microsemi from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Oppenheimer reaffirmed a “hold” rating on shares of Microsemi in a research report on Friday, November 10th. Finally, KeyCorp reaffirmed a “buy” rating and set a $62.00 price objective on shares of Microsemi in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Microsemi currently has an average rating of “Buy” and a consensus target price of $61.11.

Microsemi (NASDAQ:MSCC) opened at $51.15 on Tuesday. The firm has a market cap of $6,185.45, a P/E ratio of 15.80, a PEG ratio of 1.18 and a beta of 1.14. The company has a quick ratio of 1.29, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. Microsemi has a 1 year low of $46.08 and a 1 year high of $57.97.

In other Microsemi news, VP Frederick C. Goerner sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $55.00, for a total value of $165,000.00. Following the completion of the sale, the vice president now directly owns 57,602 shares of the company’s stock, valued at $3,168,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John W. Hohener sold 11,638 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $52.49, for a total transaction of $610,878.62. The disclosure for this sale can be found here. Insiders have sold 233,553 shares of company stock worth $12,462,747 over the last ninety days. 0.57% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of MSCC. Bank of New York Mellon Corp grew its position in Microsemi by 41.7% in the third quarter. Bank of New York Mellon Corp now owns 4,065,729 shares of the semiconductor company’s stock worth $209,305,000 after acquiring an additional 1,196,836 shares in the last quarter. Westfield Capital Management Co. LP grew its position in Microsemi by 85.8% in the second quarter. Westfield Capital Management Co. LP now owns 1,706,865 shares of the semiconductor company’s stock worth $79,881,000 after acquiring an additional 788,129 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in Microsemi in the third quarter worth approximately $38,306,000. Eagle Asset Management Inc. bought a new stake in Microsemi in the third quarter worth approximately $25,153,000. Finally, Royal Bank of Canada grew its position in Microsemi by 64.7% in the second quarter. Royal Bank of Canada now owns 777,401 shares of the semiconductor company’s stock worth $36,382,000 after acquiring an additional 305,447 shares in the last quarter. 97.54% of the stock is owned by institutional investors.

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Microsemi 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.

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Earnings History and Estimates for Microsemi (NASDAQ:MSCC)

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