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.
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.
TRADEMARK VIOLATION WARNING: “Microsemi Co. (MSCC) Receives Consensus Recommendation of “Buy” from Analysts” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/02/10/microsemi-co-mscc-receives-consensus-recommendation-of-buy-from-analysts.html.
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.
Receive News & Ratings for Microsemi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsemi and related companies with MarketBeat.com's FREE daily email newsletter.