Brokerages Anticipate Microsemi Co. (MSCC) Will Post Earnings of $1.01 Per Share

Equities research analysts expect that Microsemi Co. (NASDAQ:MSCC) will announce earnings per share of $1.01 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Microsemi’s earnings. Microsemi posted earnings per share of $0.86 in the same quarter last year, which indicates a positive year over year growth rate of 17.4%. The business is scheduled to issue its next earnings results on Thursday, January 25th.

On average, analysts expect that Microsemi will report full-year earnings of $4.33 per share for the current fiscal year, with EPS estimates ranging from $4.15 to $4.45. For the next financial year, analysts forecast that the company will report earnings of $4.63 per share, with EPS estimates ranging from $4.53 to $4.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Microsemi.

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

Several research analysts have commented on MSCC shares. Zacks Investment Research downgraded shares of Microsemi from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Piper Jaffray Companies initiated coverage on shares of Microsemi in a report on Monday, December 18th. They set an “overweight” rating and a $60.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and issued a $62.00 price target on shares of Microsemi in a report on Friday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 price target on shares of Microsemi in a report on Friday, November 10th. Finally, BidaskClub downgraded shares of Microsemi from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $61.00.

Microsemi (NASDAQ MSCC) traded up $0.96 on Friday, hitting $55.73. 1,340,000 shares of the company’s stock traded hands, compared to its average volume of 662,011. Microsemi has a twelve month low of $46.08 and a twelve month high of $57.97. The company has a market cap of $6,435.61, a P/E ratio of 36.91, a PEG ratio of 1.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.29.

In other Microsemi news, COO Paul H. Pickle sold 14,746 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $52.48, for a total value of $773,870.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Frederick C. Goerner sold 3,968 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $51.51, for a total transaction of $204,391.68. Following the completion of the sale, the vice president now directly owns 57,794 shares of the company’s stock, valued at approximately $2,976,968.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 238,521 shares of company stock valued at $12,718,259. 0.57% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Microsemi by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 395 shares during the last quarter. Nicholas Investment Partners LP lifted its stake in Microsemi by 0.8% in the second quarter. Nicholas Investment Partners LP now owns 68,341 shares of the semiconductor company’s stock worth $3,198,000 after purchasing an additional 527 shares during the last quarter. BB&T Securities LLC increased its position in shares of Microsemi by 13.4% during the second quarter. BB&T Securities LLC now owns 5,158 shares of the semiconductor company’s stock worth $241,000 after acquiring an additional 610 shares during the period. Scotia Capital Inc. increased its position in shares of Microsemi by 3.1% during the second quarter. Scotia Capital Inc. now owns 28,970 shares of the semiconductor company’s stock worth $1,356,000 after acquiring an additional 874 shares during the period. Finally, Signature Estate & Investment Advisors LLC increased its position in shares of Microsemi by 10.2% during the second quarter. Signature Estate & Investment Advisors LLC now owns 10,418 shares of the semiconductor company’s stock worth $488,000 after acquiring an additional 962 shares during the period. 97.27% of the stock is owned by institutional investors and hedge funds.

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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.

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