Microsemi (NASDAQ:MSCC) will announce its earnings results after the market closes on Thursday, January 25th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Microsemi has set its Q1 guidance at $0.95-1.07 EPS.
Microsemi (NASDAQ:MSCC) last released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. The business had revenue of $475.30 million during the quarter, compared to analyst estimates of $474.97 million. Microsemi had a net margin of 9.73% and a return on equity of 20.82%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. On average, analysts expect Microsemi to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Microsemi (NASDAQ:MSCC) opened at $58.46 on Thursday. The firm has a market cap of $6,790.00, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The company has a current ratio of 1.92, a quick ratio of 1.29 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 $58.82.
Several research analysts have weighed in on the stock. BidaskClub raised shares of Microsemi from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Zacks Investment Research lowered shares of Microsemi from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Needham & Company LLC reissued a “buy” rating and set a $61.00 price objective on shares of Microsemi in a report on Friday, November 10th. KeyCorp reissued a “buy” rating and set a $62.00 price objective on shares of Microsemi in a report on Friday, October 20th. Finally, Oppenheimer reissued a “hold” rating on shares of Microsemi in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. Microsemi has an average rating of “Buy” and a consensus target price of $61.00.
In other news, VP Frederick C. Goerner sold 3,968 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $51.51, for a total value of $204,391.68. Following the transaction, the vice president now directly owns 57,794 shares in the company, valued at approximately $2,976,968.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas Robert Anderson sold 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 14,113 shares in the company, valued at $721,456.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,631 shares of company stock worth $9,895,032. Insiders own 0.50% of the company’s stock.
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.