Microsemi Co. (NASDAQ:MSCC) has earned a consensus rating of “Buy” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $61.67.
A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Microsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Zacks Investment Research lowered Microsemi from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Needham & Company LLC restated a “buy” rating and set a $61.00 price target on shares of Microsemi in a research note on Friday, November 10th. KeyCorp restated a “buy” rating and set a $62.00 price target on shares of Microsemi in a research note on Friday, October 20th. Finally, Oppenheimer restated a “hold” rating on shares of Microsemi in a research note on Friday, November 10th.
In related news, CFO John W. Hohener sold 55,618 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $53.73, for a total value of $2,988,355.14. Following the sale, the chief financial officer now owns 80,133 shares in the company, valued at $4,305,546.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Frederick C. Goerner sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $55.00, for a total value of $165,000.00. Following the completion of the sale, the vice president now owns 57,602 shares in the company, valued at approximately $3,168,110. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,464 shares of company stock worth $9,627,795. 0.57% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BT Investment Management Ltd purchased a new stake in Microsemi in the second quarter valued at approximately $979,000. JPMorgan Chase & Co. boosted its position in Microsemi by 27.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 162,570 shares of the semiconductor company’s stock worth $8,293,000 after purchasing an additional 34,994 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Microsemi in the 2nd quarter worth approximately $280,000. Fox Run Management L.L.C. purchased a new stake in Microsemi in the 3rd quarter worth approximately $535,000. Finally, Dimensional Fund Advisors LP boosted its position in Microsemi by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,280,118 shares of the semiconductor company’s stock worth $59,910,000 after purchasing an additional 4,808 shares in the last quarter. Hedge funds and other institutional investors own 97.55% of the company’s stock.
Shares of Microsemi (NASDAQ:MSCC) traded up $0.21 during trading on Tuesday, reaching $58.18. 697,390 shares of the company’s stock were exchanged, compared to its average volume of 665,127. Microsemi has a fifty-two week low of $46.08 and a fifty-two week high of $59.22. The company has a market capitalization of $6,836.27, a P/E ratio of 38.53, a PEG ratio of 1.22 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.
Microsemi (NASDAQ:MSCC) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The business had revenue of $475.30 million for the quarter, compared to analyst estimates of $474.97 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. equities research analysts predict that Microsemi will post 3.57 EPS for the current year.
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.