Microsemi Corporation (NASDAQ:MSCC) Director Thomas Robert Anderson sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.12, for a total value of $51,120.00. Following the transaction, the director now directly owns 14,113 shares in the company, valued at approximately $721,456.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Microsemi Corporation (MSCC) traded up $0.73 during midday trading on Thursday, reaching $51.83. The company had a trading volume of 618,239 shares, compared to its average volume of 975,493. The company has a market capitalization of $6,040.81, a P/E ratio of 15.43, a PEG ratio of 1.15 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 Corporation has a fifty-two week low of $46.08 and a fifty-two week high of $57.97.

Microsemi (NASDAQ:MSCC) last released its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.01. The business had revenue of $475.30 million during the quarter, compared to the consensus estimate of $474.97 million. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. equities research analysts predict that Microsemi Corporation will post 3.57 EPS for the current year.

Several equities analysts have recently issued reports on MSCC shares. Zacks Investment Research lowered Microsemi from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Oppenheimer reaffirmed a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. Finally, KeyCorp reaffirmed a “buy” rating and set a $62.00 price target on shares of Microsemi in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $61.11.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc bought a new stake in Microsemi in the third quarter valued at about $203,000. Coldstream Capital Management Inc. bought a new stake in Microsemi in the third quarter valued at about $211,000. BTC Capital Management Inc. bought a new stake in Microsemi in the third quarter valued at about $214,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Microsemi by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 395 shares during the last quarter. Finally, Harvest Management LLC bought a new stake in Microsemi in the third quarter valued at about $257,000. Institutional investors and hedge funds own 97.54% of the company’s stock.

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About Microsemi

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 (NASDAQ:MSCC)

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