Media stories about Microsemi (NASDAQ:MSCC) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Microsemi earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.6260742412849 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
Shares of Microsemi (NASDAQ:MSCC) traded up $0.55 during trading hours on Friday, hitting $58.13. The stock had a trading volume of 827,822 shares, compared to its average volume of 748,847. Microsemi has a one year low of $46.08 and a one year high of $58.33. The firm has a market cap of $6,830.39, a price-to-earnings ratio of 38.50, a PEG ratio of 1.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.29.
Microsemi (NASDAQ:MSCC) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.01. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The company had revenue of $475.30 million for the quarter, compared to analyst estimates of $474.97 million. During the same quarter last year, the firm earned $0.91 EPS. Microsemi’s revenue for the quarter was up 5.6% compared to the same quarter last year. equities research analysts anticipate that Microsemi will post 3.57 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on MSCC shares. Zacks Investment Research raised Microsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Piper Jaffray Companies began coverage on Microsemi in a research note on Monday, December 18th. They issued an “overweight” rating and a $60.00 price objective on the stock. Oppenheimer reissued a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. BidaskClub downgraded Microsemi from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $62.00 price target on shares of Microsemi in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $61.00.
In related news, Director Thomas Robert Anderson sold 1,000 shares of the business’s 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 sale, the director now owns 14,113 shares of the company’s stock, valued at approximately $721,456.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Frederick C. Goerner sold 3,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $55.00, for a total value of $165,000.00. Following the completion of the sale, the vice president now directly owns 57,602 shares in the company, valued at approximately $3,168,110. The disclosure for this sale can be found here. Insiders have sold a total of 184,631 shares of company stock worth $9,895,032 in the last three months. 0.57% of the stock is owned by insiders.
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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.
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