Microsemi (NASDAQ:MSCC) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Several other equities analysts also recently weighed in on the company. Piper Jaffray Companies started coverage on Microsemi in a research report on Monday, December 18th. They set an “overweight” rating and a $60.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Microsemi in a research report on Friday, January 26th. Susquehanna Bancshares upped their price objective on Microsemi to $70.00 and gave the company a “positive” rating in a research report on Wednesday, January 24th. BMO Capital Markets reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Microsemi in a research report on Friday, January 26th. Finally, Stifel Nicolaus upped their price objective on Microsemi from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.32.

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Microsemi (NASDAQ MSCC) opened at $66.24 on Tuesday. The firm has a market capitalization of $7,790.00, a P/E ratio of 43.29, a PEG ratio of 1.43 and a beta of 1.24. The company has a current ratio of 2.36, a quick ratio of 1.55 and a debt-to-equity ratio of 0.89. Microsemi has a 12-month low of $46.08 and a 12-month high of $67.52.

Microsemi (NASDAQ:MSCC) last released its earnings results on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The firm had revenue of $468.70 million for the quarter, compared to the consensus estimate of $460.17 million. Microsemi had a return on equity of 4.69% and a net margin of 5.06%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. analysts forecast that Microsemi will post 3.51 earnings per share for the current year.

In other Microsemi news, Director Paul F. Folino sold 4,500 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $67.27, for a total value of $302,715.00. Following the completion of the sale, the director now directly owns 1,070 shares in the company, valued at approximately $71,978.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

Several hedge funds have recently modified their holdings of MSCC. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Microsemi in the 4th quarter worth $108,000. IFP Advisors Inc lifted its holdings in shares of Microsemi by 235.2% in the 4th quarter. IFP Advisors Inc now owns 2,212 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,552 shares during the period. Advisor Group Inc. lifted its holdings in shares of Microsemi by 92.7% in the 4th quarter. Advisor Group Inc. now owns 2,226 shares of the semiconductor company’s stock worth $115,000 after buying an additional 1,071 shares during the period. Cerebellum GP LLC purchased a new stake in shares of Microsemi in the 4th quarter worth $124,000. Finally, Balter Liquid Alternatives LLC purchased a new stake in shares of Microsemi in the 4th quarter worth $142,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

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Microsemi Company Profile

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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