Microsemi Co. (MSCC) Receives $61.67 Consensus PT from Brokerages

Shares of Microsemi Co. (NASDAQ:MSCC) have been given a consensus rating of “Buy” by the fifteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $61.67.

A number of brokerages have recently commented on MSCC. Oppenheimer reissued a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. Needham & Company LLC reissued a “buy” rating and set a $61.00 price target on shares of Microsemi in a research note on Friday, November 10th. BidaskClub lowered Microsemi from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. KeyCorp reissued a “buy” rating and set a $62.00 price target on shares of Microsemi in a research note on Friday, October 20th. Finally, Zacks Investment Research raised Microsemi from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, September 26th.

Shares of Microsemi (MSCC) traded up $0.21 during mid-day trading on Tuesday, hitting $58.18. The stock had a trading volume of 697,390 shares, compared to its average volume of 943,715. Microsemi has a 12-month low of $46.08 and a 12-month high of $59.22. The firm has a market capitalization of $6,869.20, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 1.23 and a beta of 1.15. 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 (NASDAQ:MSCC) last announced its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 EPS for the quarter, beating 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 firm had revenue of $475.30 million for the quarter, compared to analyst estimates of $474.97 million. During the same period last year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. analysts forecast that Microsemi will post 3.57 EPS for the current year.

In other news, CFO John W. Hohener sold 55,618 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $53.73, for a total transaction of $2,988,355.14. Following the completion of the transaction, the chief financial officer now directly owns 80,133 shares in the company, valued at $4,305,546.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $51,120.00. Following the transaction, the director now owns 14,113 shares of the company’s stock, valued at $721,456.56. The disclosure for this sale can be found here. Insiders have sold 179,464 shares of company stock valued at $9,627,795 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. CIBC Asset Management Inc bought a new position in shares of Microsemi during the third quarter worth about $203,000. Coldstream Capital Management Inc. bought a new stake in Microsemi in the third quarter worth approximately $211,000. BTC Capital Management Inc. bought a new stake in Microsemi in the third quarter worth approximately $214,000. Harvest Management LLC bought a new stake in Microsemi in the third quarter worth approximately $257,000. Finally, Caxton Associates LP bought a new stake in Microsemi in the third quarter worth approximately $268,000. Institutional investors own 97.55% of the company’s stock.

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About Microsemi

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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