Frederick C. Goerner Sells 2,102 Shares of Microsemi Co. (MSCC) Stock

Microsemi Co. (NASDAQ:MSCC) VP Frederick C. Goerner sold 2,102 shares of the firm’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $64.76, for a total transaction of $136,125.52. Following the completion of the transaction, the vice president now directly owns 55,692 shares in the company, valued at $3,606,613.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of MSCC traded down $0.66 during trading hours on Monday, reaching $63.02. 1,145,829 shares of the stock traded hands, compared to its average volume of 3,260,196. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.36 and a quick ratio of 1.55. Microsemi Co. has a 52 week low of $46.08 and a 52 week high of $67.52. The firm has a market capitalization of $7,511.33, a P/E ratio of 19.33, a PEG ratio of 1.36 and a beta of 1.18.

How to Become a New Pot Stock Millionaire

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 analysts’ consensus estimates of $1.01. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. The business had revenue of $468.70 million during the quarter, compared to the consensus estimate of $460.17 million. During the same quarter last year, the company posted $0.86 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. equities research analysts expect that Microsemi Co. will post 3.51 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of MSCC. BlackRock Inc. increased its holdings in Microsemi by 6.7% during the fourth quarter. BlackRock Inc. now owns 10,817,946 shares of the semiconductor company’s stock worth $558,748,000 after buying an additional 680,797 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new stake in Microsemi during the fourth quarter worth about $23,035,000. Teachers Advisors LLC increased its holdings in Microsemi by 63.6% during the fourth quarter. Teachers Advisors LLC now owns 959,792 shares of the semiconductor company’s stock worth $49,573,000 after buying an additional 373,001 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Microsemi by 34.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,331,576 shares of the semiconductor company’s stock worth $68,776,000 after buying an additional 339,606 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in Microsemi by 35.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,005,650 shares of the semiconductor company’s stock worth $51,942,000 after buying an additional 261,550 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.

MSCC has been the topic of a number of recent research reports. Piper Jaffray assumed coverage on shares of Microsemi in a research note on Monday, December 18th. They issued an “overweight” rating and a $60.00 price objective on the stock. SunTrust Banks lowered shares of Microsemi from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Needham & Company LLC reissued a “hold” rating on shares of Microsemi in a research report on Friday, March 2nd. BidaskClub raised shares of Microsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Susquehanna Bancshares raised their price target on shares of Microsemi to $70.00 and gave the company a “positive” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $64.32.

COPYRIGHT VIOLATION NOTICE: “Frederick C. Goerner Sells 2,102 Shares of Microsemi Co. (MSCC) Stock” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/04/09/frederick-c-goerner-sells-2102-shares-of-microsemi-co-mscc-stock.html.

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.

Insider Buying and Selling by Quarter for Microsemi (NASDAQ:MSCC)

Receive News & Ratings for Microsemi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsemi and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply