Shares of Microsemi Corp. (NASDAQ:MSCC) fell 1.1% during mid-day trading on Friday . The stock traded as low as $39.95 and last traded at $39.95, with a volume of 368,948 shares trading hands. The stock had previously closed at $40.39.

A number of analysts have weighed in on MSCC shares. Drexel Hamilton cut shares of Microsemi Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. Mizuho increased their target price on shares of Microsemi Corp. from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, August 22nd. Zacks Investment Research cut shares of Microsemi Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. TheStreet raised shares of Microsemi Corp. from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Finally, RBC Capital Markets reissued a “top pick” rating and set a $48.00 target price (up from $47.00) on shares of Microsemi Corp. in a report on Sunday, July 31st. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.83.

The stock’s market capitalization is $4.54 billion. The company has a 50-day moving average of $38.15 and a 200-day moving average of $35.45.

Microsemi Corp. (NASDAQ:MSCC) last announced its quarterly earnings data 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. During the same quarter in the previous year, the business posted $0.68 EPS. The company earned $431.40 million during the quarter, compared to analyst estimates of $430.22 million. The company’s revenue was up 36.0% on a year-over-year basis. Equities research analysts expect 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 on Tuesday, August 9th. The shares were sold at an average price of $39.39, for a total value of $157,560.00. Following the sale, the vice president now owns 52,561 shares in the company, valued at $2,070,377.79. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul F. Folino sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $39.80, for a total transaction of $59,700.00. Following the completion of the sale, the director now owns 1,070 shares in the company, valued at approximately $42,586. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Microsemi Corp. stock. BlackRock Advisors LLC increased its stake in Microsemi Corp. (NASDAQ:MSCC) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 606,966 shares of the company’s stock after buying an additional 59,751 shares during the period. BlackRock Advisors LLC owned 0.54% of Microsemi Corp. worth $19,781,000 at the end of the most recent reporting 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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