Microsemi Corp. (NASDAQ:MSCC) reached a new 52-week high on Friday . The stock traded as high as $40.52 and last traded at $40.02, with a volume of 340,952 shares traded. The stock had previously closed at $39.74.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Microsemi Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Microsemi Corp. in a research note on Friday, April 29th. Topeka Capital Markets increased their price objective on shares of Microsemi Corp. from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, April 29th. SunTrust Banks Inc. reiterated a “buy” rating on shares of Microsemi Corp. in a research note on Saturday, June 25th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Microsemi Corp. in a research note on Friday, July 29th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $44.50.

The stock’s 50-day moving average is $36.23 and its 200-day moving average is $34.76. The company’s market capitalization is $4.55 billion.

Microsemi Corp. (NASDAQ:MSCC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The company earned $431.40 million during the quarter, compared to analyst estimates of $430.22 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was up 36.0% on a year-over-year basis. On average, equities analysts anticipate that Microsemi Corp. will post $3.02 EPS for the current fiscal year.

In other news, VP Frederick C. Goerner sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $39.39, for a total transaction of $157,560.00. Following the completion of the transaction, the vice president now directly owns 52,561 shares of the company’s stock, valued at approximately $2,070,377.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several institutional investors have added to or reduced their stakes in the company. BlackRock Advisors LLC increased its position in Microsemi Corp. by 10.9% in the fourth quarter. BlackRock Advisors LLC now owns 606,966 shares of the company’s stock worth $19,781,000 after buying an additional 59,751 shares during the last quarter. Principal Financial Group Inc. increased its position in Microsemi Corp. by 6.0% in the fourth quarter. Principal Financial Group Inc. now owns 657,010 shares of the company’s stock worth $21,411,000 after buying an additional 37,072 shares during the last quarter. Finally, US Bancorp DE increased its position in Microsemi Corp. by 25.3% in the fourth quarter. US Bancorp DE now owns 40,660 shares of the company’s stock worth $1,324,000 after buying an additional 8,215 shares during the last quarter.

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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