Microsemi (NASDAQ:MSCC) will post its quarterly earnings results after the market closes on Wednesday, April 25th. Analysts expect Microsemi to post earnings of $1.01 per share for the quarter. Microsemi has set its Q2 guidance at $0.93-1.07 EPS.
Microsemi (NASDAQ:MSCC) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.01. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. The company had revenue of $468.70 million during the quarter, compared to the consensus estimate of $460.17 million. During the same period in the prior year, the company earned $0.86 EPS. Microsemi’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect Microsemi to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NASDAQ MSCC opened at $63.77 on Tuesday. Microsemi has a twelve month low of $46.08 and a twelve month high of $67.52. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.36 and a quick ratio of 1.55. The stock has a market capitalization of $7,445.39, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.18.
A number of research firms have commented on MSCC. BidaskClub lowered shares of Microsemi from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. SunTrust Banks reaffirmed a “buy” rating and set a $71.00 price objective on shares of Microsemi in a research note on Friday, January 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Microsemi in a research note on Friday, March 2nd. Mizuho lowered shares of Microsemi from a “buy” rating to a “neutral” rating and set a $68.78 price objective for the company. in a research note on Monday, March 5th. Finally, Piper Jaffray lowered shares of Microsemi from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.32.
In other news, Director Paul F. Folino sold 4,500 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $67.27, for a total value of $302,715.00. Following the transaction, the director now owns 1,070 shares in the company, valued at approximately $71,978.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Frederick C. Goerner sold 2,102 shares of the company’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $64.76, for a total value of $136,125.52. Following the completion of the transaction, the vice president now owns 55,692 shares in the company, valued at approximately $3,606,613.92. The disclosure for this sale can be found here. Insiders sold a total of 8,692 shares of company stock worth $577,679 in the last quarter. 0.50% of the stock is owned by corporate insiders.
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Microsemi Company Profile
Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company offers analog mixed-signal integrated circuits; field programmable gate arrays; system on chip solutions and application-specific integrated circuits; power management products; and timing and synchronization devices, and precise time solutions.
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