Microsemi (NASDAQ:MSCC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Microsemi from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday, August 18th. KeyCorp restated a “buy” rating and set a $62.00 price objective on shares of Microsemi in a research note on Friday, October 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $61.00 price objective on shares of Microsemi in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $61.11.

Microsemi (NASDAQ MSCC) traded up $0.73 during trading hours on Thursday, hitting $51.83. The company had a trading volume of 618,239 shares, compared to its average volume of 975,493. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.92. Microsemi has a fifty-two week low of $46.08 and a fifty-two week high of $57.97. The firm has a market capitalization of $6,040.81, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.15 and a beta of 1.14.

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

In other news, Director Thomas Robert Anderson sold 1,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.12, for a total transaction of $51,120.00. Following the completion of the sale, the director now owns 14,113 shares in the company, valued at approximately $721,456.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Paul H. Pickle sold 14,746 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $52.48, for a total value of $773,870.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 234,553 shares of company stock valued at $12,513,867. 0.57% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. CIBC Asset Management Inc purchased a new stake in shares of Microsemi in the third quarter valued at $203,000. Coldstream Capital Management Inc. purchased a new stake in shares of Microsemi in the third quarter valued at $211,000. BTC Capital Management Inc. purchased a new stake in shares of Microsemi in the third quarter valued at $214,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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 in the last quarter. Finally, BB&T Securities LLC lifted its holdings in shares of Microsemi by 13.4% in the second quarter. BB&T Securities LLC now owns 5,158 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 610 shares in the last quarter. Institutional investors own 97.54% of the company’s stock.

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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.

Analyst Recommendations for Microsemi (NASDAQ:MSCC)

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