Microsemi Corp. (NASDAQ:MSCC)‘s stock had its “top pick” rating reaffirmed by equities research analysts at RBC Capital Markets in a research report issued to clients and investors on Thursday. They currently have a $48.00 price objective on the stock. RBC Capital Markets’ price target would suggest a potential upside of 16.90% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Mizuho reissued a “buy” rating and set a $46.00 target price on shares of Microsemi Corp. in a research report on Monday, September 12th. Stifel Nicolaus boosted their target price on shares of Microsemi Corp. from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price (up previously from $46.00) on shares of Microsemi Corp. in a research report on Friday, September 9th. Drexel Hamilton lowered shares of Microsemi Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. Finally, Zacks Investment Research lowered shares of Microsemi Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.69.

Microsemi Corp. (NASDAQ:MSCC) opened at 41.06 on Thursday. Microsemi Corp. has a one year low of $28.91 and a one year high of $41.50. The company’s market cap is $4.65 billion. The firm has a 50-day moving average of $39.33 and a 200-day moving average of $35.82.

Microsemi Corp. (NASDAQ:MSCC) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Microsemi Corp. had a negative net margin of 3.12% and a positive return on equity of 17.32%. The business earned $431.40 million during the quarter, compared to analyst estimates of $430.22 million. During the same quarter in the previous year, the business earned $0.68 EPS. Microsemi Corp.’s quarterly revenue was up 36.0% compared to the same quarter last year. On average, analysts predict that Microsemi Corp. will post $3.02 EPS for the current year.

In other Microsemi Corp. news, VP Frederick C. Goerner sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $39.39, for a total transaction of $157,560.00. Following the sale, the vice president now directly owns 52,561 shares of the company’s stock, valued at $2,070,377.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul F. Folino sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $39.80, for a total transaction of $59,700.00. Following the sale, the director now directly owns 1,070 shares in the company, valued at $42,586. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of MSCC. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Microsemi Corp. by 27.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,437,316 shares of the company’s stock valued at $131,684,000 after buying an additional 745,087 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Microsemi Corp. by 270.0% in the first quarter. BlackRock Inc. now owns 43,114 shares of the company’s stock valued at $1,652,000 after buying an additional 31,463 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Microsemi Corp. by 646.6% in the first quarter. Teachers Advisors Inc. now owns 1,036,564 shares of the company’s stock valued at $39,711,000 after buying an additional 897,735 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Microsemi Corp. by 93.9% in the first quarter. TIAA CREF Investment Management LLC now owns 878,960 shares of the company’s stock valued at $33,673,000 after buying an additional 425,643 shares in the last quarter. Finally, Ngam Advisors L.P. boosted its stake in shares of Microsemi Corp. by 2.3% in the first quarter. Ngam Advisors L.P. now owns 128,696 shares of the company’s stock valued at $4,930,000 after buying an additional 2,940 shares in the last quarter. 90.72% of the stock is currently owned by hedge funds and other institutional investors.

Microsemi Corp. Company Profile

Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemi’s products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs), field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans.

5 Day Chart for NASDAQ:MSCC

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