Susquehanna initiated coverage on shares of Microsemi Corp. (NASDAQ:MSCC) in a report issued on Tuesday. The brokerage issued a positive rating on the stock.

Other research analysts also recently issued reports about the stock. TheStreet upgraded shares of Microsemi Corp. from a hold rating to a buy rating in a research report on Friday, July 29th. Mizuho increased their price target on shares of Microsemi Corp. from $42.00 to $46.00 and gave the stock a buy rating in a research report on Monday, August 22nd. BMO Capital Markets reiterated a buy rating and issued a $50.00 price target (up from $45.00) on shares of Microsemi Corp. in a research report on Friday, July 29th. Needham & Company LLC reiterated a buy rating on shares of Microsemi Corp. in a research report on Friday, July 29th. Finally, SunTrust Banks Inc. reiterated a buy rating on shares of Microsemi Corp. in a research report on Saturday, June 25th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. Microsemi Corp. has a consensus rating of Buy and a consensus price target of $45.69.

Microsemi Corp. (NASDAQ:MSCC) traded up 0.54% during midday trading on Tuesday, hitting $40.84. 94,464 shares of the company were exchanged. The stock has a 50 day moving average of $39.82 and a 200-day moving average of $35.99. Microsemi Corp. has a 1-year low of $28.91 and a 1-year high of $42.11. The stock’s market capitalization is $4.62 billion.

Microsemi Corp. (NASDAQ:MSCC) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.01. Microsemi Corp. had a negative net margin of 3.12% and a positive return on equity of 17.32%. The business had revenue of $431.40 million for the quarter, compared to the consensus estimate of $430.22 million. During the same period last year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was up 36.0% on a year-over-year basis. Equities analysts expect that Microsemi Corp. will post $3.02 earnings per share for the current year.

In other Microsemi Corp. news, VP Frederick C. Goerner sold 4,000 shares of Microsemi Corp. 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul F. Folino sold 1,500 shares of Microsemi Corp. 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 transaction, the director now directly owns 1,070 shares of the company’s stock, valued at $42,586. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Seven Eight Capital LLC boosted its position in shares of Microsemi Corp. by 119.5% in the second quarter. Seven Eight Capital LLC now owns 3,122 shares of the company’s stock worth $102,000 after buying an additional 1,700 shares during the last quarter. FTB Advisors Inc. raised its stake in Microsemi Corp. by 347.6% in the second quarter. FTB Advisors Inc. now owns 4,391 shares of the company’s stock valued at $143,000 after buying an additional 3,410 shares during the period. BlueMountain Capital Management LLC purchased a new stake in Microsemi Corp. during the second quarter valued at about $152,000. BB&T Corp purchased a new stake in Microsemi Corp. during the second quarter valued at about $217,000. Finally, LS Investment Advisors LLC raised its stake in Microsemi Corp. by 70.9% in the second quarter. LS Investment Advisors LLC now owns 6,800 shares of the company’s stock valued at $222,000 after buying an additional 2,820 shares during the period. 90.57% of the stock is owned by institutional investors and hedge funds.

About Microsemi Corp.

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.

5 Day Chart for NASDAQ:MSCC

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