Microsemi Co. (MSCC) Receives Consensus Recommendation of “Buy” from Analysts

Microsemi Co. (NASDAQ:MSCC) has received an average rating of “Buy” from the sixteen research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $66.60.

MSCC has been the subject of a number of recent research reports. BidaskClub cut Microsemi from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. KeyCorp increased their price objective on Microsemi to $70.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $68.00 price objective on shares of Microsemi in a research report on Friday, January 26th. Piper Jaffray Companies initiated coverage on Microsemi in a research report on Monday, December 18th. They set an “overweight” rating and a $60.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective (up from $61.00) on shares of Microsemi in a research report on Thursday, January 25th.

In other news, COO Paul H. Pickle sold 6,586 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $53.09, for a total transaction of $349,650.74. Following the completion of the transaction, the chief operating officer now directly owns 25,616 shares of the company’s stock, valued at approximately $1,359,953.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas Robert Anderson sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.12, for a total value of $51,120.00. Following the transaction, the director now directly owns 14,113 shares of the company’s stock, valued at $721,456.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,554 shares of company stock valued at $605,162. Company insiders own 0.57% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in Microsemi by 6.7% in the 4th quarter. BlackRock Inc. now owns 10,817,946 shares of the semiconductor company’s stock valued at $558,748,000 after purchasing an additional 680,797 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Microsemi by 41.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,065,729 shares of the semiconductor company’s stock valued at $209,305,000 after purchasing an additional 1,196,836 shares in the last quarter. Boston Partners increased its stake in Microsemi by 2.5% in the 4th quarter. Boston Partners now owns 3,074,329 shares of the semiconductor company’s stock valued at $158,789,000 after purchasing an additional 73,916 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Microsemi by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,321,053 shares of the semiconductor company’s stock valued at $68,006,000 after purchasing an additional 40,935 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in Microsemi by 5.9% in the 4th quarter. Systematic Financial Management LP now owns 949,258 shares of the semiconductor company’s stock valued at $49,029,000 after purchasing an additional 52,796 shares in the last quarter. 97.68% of the stock is owned by institutional investors and hedge funds.

Shares of Microsemi (NASDAQ:MSCC) traded up $1.47 during midday trading on Friday, hitting $57.63. The company had a trading volume of 1,650,000 shares, compared to its average volume of 1,410,000. The firm has a market cap of $6,950.00, a PE ratio of 33.12, a PEG ratio of 1.20 and a beta of 1.33. The company has a current ratio of 2.36, a quick ratio of 1.55 and a debt-to-equity ratio of 0.89. Microsemi has a 1 year low of $46.08 and a 1 year high of $65.65.

Microsemi (NASDAQ:MSCC) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. Microsemi had a return on equity of 21.50% and a net margin of 11.10%. The company had revenue of $468.70 million during the quarter, compared to analysts’ expectations of $460.17 million. During the same period last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. research analysts forecast that Microsemi will post 3.51 EPS for the current year.

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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.

Analyst Recommendations for Microsemi (NASDAQ:MSCC)

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