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.
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.
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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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