Microsemi Co. (NASDAQ:MSCC) has received a consensus rating of “Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $66.60.

Several equities research analysts have recently issued reports on MSCC shares. KeyCorp restated a “buy” rating and set a $62.00 price objective on shares of Microsemi in a report on Friday, October 20th. Zacks Investment Research upgraded Microsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Needham & Company LLC restated a “buy” rating and set a $61.00 price objective on shares of Microsemi in a report on Friday, November 10th. Oppenheimer restated a “hold” rating on shares of Microsemi in a report on Friday, November 10th. Finally, BidaskClub cut Microsemi from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.

Microsemi (NASDAQ MSCC) traded up $1.47 during trading on Friday, reaching $57.63. The company’s stock had a trading volume of 1,650,000 shares, compared to its average volume of 1,410,000. Microsemi has a one year low of $46.08 and a one year high of $65.65. The company has a quick ratio of 1.55, a current ratio of 2.36 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $6,950.00, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 1.20 and a beta of 1.33.

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

In related news, Director Thomas Robert Anderson sold 1,000 shares of Microsemi stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.12, for a total value of $51,120.00. Following the transaction, the director now owns 14,113 shares in the company, valued at $721,456.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Frederick C. Goerner sold 3,968 shares of Microsemi stock in a transaction on Friday, December 8th. The shares were sold at an average price of $51.51, for a total value of $204,391.68. Following the completion of the transaction, the vice president now owns 57,794 shares in the company, valued at approximately $2,976,968.94. The disclosure for this sale can be found here. Insiders sold 11,554 shares of company stock worth $605,162 in the last quarter. 0.57% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc lifted its stake in shares of Microsemi by 235.2% during the fourth quarter. IFP Advisors Inc now owns 2,212 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,552 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Microsemi during the fourth quarter worth about $124,000. Balter Liquid Alternatives LLC acquired a new position in shares of Microsemi during the fourth quarter worth about $142,000. CIBC Asset Management Inc acquired a new position in shares of Microsemi during the third quarter worth about $203,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Microsemi during the fourth quarter worth about $205,000. Institutional investors own 97.68% of the company’s stock.

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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)

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