Microsemi Co. (NASDAQ:MSCC) VP Frederick C. Goerner sold 3,968 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $51.51, for a total value of $204,391.68. Following the completion of the transaction, the vice president now owns 57,794 shares of the company’s stock, valued at $2,976,968.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Microsemi Co. (NASDAQ MSCC) traded down $0.37 during mid-day trading on Tuesday, reaching $50.80. The company’s stock had a trading volume of 501,319 shares, compared to its average volume of 972,024. Microsemi Co. has a 1 year low of $46.08 and a 1 year high of $57.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.92. The stock has a market capitalization of $6,000.83, a P/E ratio of 15.32, a PEG ratio of 1.14 and a beta of 1.14.
Microsemi (NASDAQ:MSCC) last posted its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $474.97 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. equities analysts predict that Microsemi Co. will post 3.57 earnings per share for the current fiscal year.
MSCC has been the subject of several analyst reports. Zacks Investment Research upgraded Microsemi from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, August 29th. KeyCorp reiterated a “buy” rating and issued a $62.00 target price on shares of Microsemi in a research note on Friday, October 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $61.00 target price 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 assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $61.11.
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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