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.

A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP grew its position in Microsemi by 407.2% during the third quarter. GSA Capital Partners LLP now owns 26,761 shares of the semiconductor company’s stock valued at $1,378,000 after acquiring an additional 21,485 shares during the period. Coldstream Capital Management Inc. purchased a new stake in Microsemi during the third quarter valued at about $211,000. Highbridge Capital Management LLC purchased a new stake in Microsemi during the third quarter valued at about $296,000. Crestline Management LP purchased a new stake in Microsemi during the third quarter valued at about $3,549,000. Finally, Janus Henderson Group PLC purchased a new stake in Microsemi during the third quarter valued at about $7,064,000. 97.54% of the stock is owned by hedge funds and other institutional investors.

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.

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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.

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

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