Microsemi Corp. (NASDAQ:MSCC) traded up 3.6% during trading on Tuesday . The stock traded as high as $36.62 and last traded at $36.26, with a volume of 1,139,133 shares trading hands. The stock had previously closed at $34.99.

A number of research analysts have recently weighed in on the stock. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Microsemi Corp. in a research report on Friday, April 29th. Needham & Company LLC reissued a “buy” rating on shares of Microsemi Corp. in a research report on Saturday, April 30th. Zacks Investment Research downgraded shares of Microsemi Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Topeka Capital Markets increased their target price on shares of Microsemi Corp. from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, April 29th. Finally, TheStreet downgraded shares of Microsemi Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $43.60.

The stock has a 50 day moving average of $33.45 and a 200-day moving average of $33.85. The stock’s market cap is $4.11 billion.

In other news, EVP Steven G. Litchfield bought 15,750 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was acquired at an average cost of $31.91 per share, with a total value of $502,582.50. Following the completion of the acquisition, the executive vice president now owns 64,132 shares of the company’s stock, valued at $2,046,452.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

A number of hedge funds and institutional investors have recently modified their holdings of the company. ICON Advisers boosted its position in shares of Microsemi Corp. by 269.4% in the third quarter. ICON Advisers now owns 31,400 shares of the company’s stock valued at $1,031,000 after buying an additional 22,900 shares during the period. Russell Frank Co boosted its position in shares of Microsemi Corp. by 213.5% in the fourth quarter. Russell Frank Co now owns 114,385 shares of the company’s stock valued at $3,819,000 after buying an additional 77,899 shares during the period. Nationwide Fund Advisors boosted its position in shares of Microsemi Corp. by 6.3% in the fourth quarter. Nationwide Fund Advisors now owns 125,838 shares of the company’s stock valued at $4,101,000 after buying an additional 7,485 shares during the period. Swiss National Bank boosted its position in shares of Microsemi Corp. by 3.1% in the fourth quarter. Swiss National Bank now owns 126,514 shares of the company’s stock valued at $4,123,000 after buying an additional 3,814 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Microsemi Corp. by 8.1% in the fourth quarter. Rhumbline Advisers now owns 124,712 shares of the company’s stock valued at $4,064,000 after buying an additional 9,340 shares during the period.

Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemi’s products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs), field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans.

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