Microsemi Co. (MSCC) Given Consensus Recommendation of “Hold” by Brokerages

Microsemi Co. (NASDAQ:MSCC) has earned a consensus rating of “Hold” from the seventeen ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $62.96.

MSCC has been the topic of a number of recent research reports. SunTrust Banks reiterated a “buy” rating and issued a $71.00 target price on shares of Microsemi in a research note on Friday, January 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $66.00 target price on shares of Microsemi in a research note on Friday, January 26th. BMO Capital Markets reiterated a “buy” rating and issued a $68.00 target price on shares of Microsemi in a research note on Friday, January 26th. Stifel Nicolaus raised their target price on Microsemi from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Mizuho raised their target price on Microsemi from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, January 26th.

How to Become a New Pot Stock Millionaire

MSCC stock traded down $0.98 during mid-day trading on Friday, reaching $63.68. The company had a trading volume of 1,689,436 shares, compared to its average volume of 2,943,925. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.55 and a current ratio of 2.36. The stock has a market capitalization of $7,511.31, a price-to-earnings ratio of 19.53, a PEG ratio of 1.36 and a beta of 1.18. Microsemi has a one year low of $46.08 and a one year high of $67.52.

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

In other news, SVP David Goren sold 2,090 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $66.43, for a total transaction of $138,838.70. Following the transaction, the senior vice president now directly owns 10,539 shares of the company’s stock, valued at $700,105.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul F. Folino sold 4,500 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $67.27, for a total value of $302,715.00. Following the transaction, the director now directly owns 1,070 shares in the company, valued at $71,978.90. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its holdings in Microsemi by 6.7% during the fourth quarter. BlackRock Inc. now owns 10,817,946 shares of the semiconductor company’s stock worth $558,748,000 after acquiring an additional 680,797 shares during the period. Carillon Tower Advisers Inc. acquired a new position in Microsemi during the fourth quarter worth about $23,035,000. Teachers Advisors LLC grew its holdings in Microsemi by 63.6% during the fourth quarter. Teachers Advisors LLC now owns 959,792 shares of the semiconductor company’s stock worth $49,573,000 after acquiring an additional 373,001 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Microsemi by 34.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,331,576 shares of the semiconductor company’s stock worth $68,776,000 after acquiring an additional 339,606 shares during the period. Finally, TimesSquare Capital Management LLC grew its holdings in Microsemi by 35.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,005,650 shares of the semiconductor company’s stock worth $51,942,000 after acquiring an additional 261,550 shares during the period. 97.35% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/3341768/microsemi-co-mscc-given-consensus-recommendation-of-hold-by-brokerages.html.

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)

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.

Latest News

XYLO 24-Hour Volume Tops $0.00
XYLO 24-Hour Volume Tops $0.00
Financial Survey: Boot Barn  & Foot Locker
Financial Survey: Boot Barn & Foot Locker
Yelp  versus Weight Watchers  Head-To-Head Contrast
Yelp versus Weight Watchers Head-To-Head Contrast
Reviewing Zynex  & Its Competitors
Reviewing Zynex & Its Competitors
Animecoin Price Reaches $0.0111 on Exchanges
Animecoin Price Reaches $0.0111 on Exchanges
Elcoin   Trading 13% Lower  Over Last 7 Days
Elcoin Trading 13% Lower Over Last 7 Days


Leave a Reply

© 2006-2018 Ticker Report. Google+.