Wall Street brokerages predict that Microsemi Co. (NASDAQ:MSCC) will post sales of $460.07 million for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Microsemi’s earnings, with estimates ranging from $460.00 million to $460.52 million. Microsemi reported sales of $435.50 million during the same quarter last year, which suggests a positive year over year growth rate of 5.6%. The company is expected to issue its next earnings report on Thursday, January 25th.

On average, analysts expect that Microsemi will report full-year sales of $460.07 million for the current financial year, with estimates ranging from $1.89 billion to $1.93 billion. For the next financial year, analysts forecast that the firm will post sales of $2.02 billion per share, with estimates ranging from $1.99 billion to $2.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Microsemi.

Microsemi (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $1.09 EPS for the quarter, topping 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 firm had revenue of $475.30 million for the quarter, compared to analyst estimates of $474.97 million. During the same period in the prior year, the business posted $0.91 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year.

MSCC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Microsemi from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, September 12th. KeyCorp restated a “buy” rating and issued a $62.00 price objective on shares of Microsemi in a report on Friday, October 20th. Needham & Company LLC restated a “buy” rating and issued a $61.00 price objective on shares of Microsemi in a report on Friday, November 10th. Oppenheimer restated a “hold” rating on shares of Microsemi in a report on Friday, November 10th. Finally, BidaskClub lowered shares of Microsemi from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Microsemi currently has an average rating of “Buy” and an average target price of $61.00.

In other Microsemi news, Director Thomas Robert Anderson sold 1,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 14,113 shares of the company’s stock, valued at approximately $721,456.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Frederick C. Goerner sold 3,968 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were 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 in the company, valued at $2,976,968.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 238,521 shares of company stock worth $12,718,259. 0.57% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Microsemi by 9.0% in the 2nd 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. Nicholas Investment Partners LP increased its position in shares of Microsemi by 0.8% in the 2nd quarter. Nicholas Investment Partners LP now owns 68,341 shares of the semiconductor company’s stock valued at $3,198,000 after purchasing an additional 527 shares during the last quarter. Scotia Capital Inc. increased its position in shares of Microsemi by 3.1% in the 2nd quarter. Scotia Capital Inc. now owns 28,970 shares of the semiconductor company’s stock valued at $1,356,000 after purchasing an additional 874 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its position in shares of Microsemi by 10.2% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 10,418 shares of the semiconductor company’s stock valued at $488,000 after purchasing an additional 962 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of Microsemi by 3.3% in the 3rd quarter. Aperio Group LLC now owns 33,764 shares of the semiconductor company’s stock valued at $1,738,000 after purchasing an additional 1,064 shares during the last quarter. 97.27% of the stock is currently owned by institutional investors.

Microsemi (MSCC) opened at $55.73 on Monday. 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 has a fifty-two week low of $46.08 and a fifty-two week high of $57.97. The company has a market cap of $6,550.00, a P/E ratio of 37.15, a PEG ratio of 1.25 and a beta of 1.15.

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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.

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