Several brokerages have updated their recommendations and price targets on shares of Microsemi Corporation (NASDAQ: MSCC) in the last few weeks:

  • 8/2/2017 – Microsemi Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/2/2017 – Microsemi Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “Microsemi Corporation is an OEM of a broad range of high-reliability and analog/mixed signal integrated circuits. third-quarter fiscal 2017 non-GAAP earnings beat the Zacks Consensus Estimate while revenues were in line with the same. The company's focus on improving product mix, operational efficiency, and consolidation are driving revenues and margins through 2017. Moreover, we have confidence in the company's strategic positioning, strong fundamentals and growth prospects. Microsemi's scope for margin expansion and decent balance sheet are the other positives. However, pockets of weakness related to product transition at medical customers, push-out of some communications spending in China and a softer oil & gas market continue to impact revenues. Over the last one year, the stock has outperformed the industry it belongs to.”
  • 7/31/2017 – Microsemi Corporation had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/30/2017 – Microsemi Corporation had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $60.00 price target on the stock, up previously from $58.00.
  • 7/28/2017 – Microsemi Corporation was given a new $70.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “buy” rating on the stock.
  • 7/27/2017 – Microsemi Corporation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/24/2017 – Microsemi Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/24/2017 – Microsemi Corporation is now covered by analysts at KeyCorp. They set an “overweight” rating and a $61.00 price target on the stock.
  • 7/20/2017 – Microsemi Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $62.00 price target on the stock.
  • 7/8/2017 – Microsemi Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/5/2017 – Microsemi Corporation was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating. They now have a $53.00 price target on the stock, down previously from $54.00.
  • 6/17/2017 – Microsemi Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/16/2017 – Microsemi Corporation is now covered by analysts at Raymond James Financial, Inc.. They set a “market perform” rating on the stock.
  • 6/14/2017 – Microsemi Corporation was downgraded by analysts at Royal Bank Of Canada from a “top pick” rating to an “outperform” rating. They now have a $58.00 price target on the stock, down previously from $64.00.

Microsemi Corporation (MSCC) traded down 3.36% during mid-day trading on Thursday, hitting $49.43. 979,136 shares of the stock were exchanged. The stock has a market capitalization of $5.72 billion, a P/E ratio of 50.03 and a beta of 1.16. Microsemi Corporation has a 12-month low of $37.11 and a 12-month high of $57.97. The firm has a 50-day moving average price of $50.38 and a 200-day moving average price of $50.86.

Microsemi Corporation (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.18. Microsemi Corporation had a return on equity of 19.91% and a net margin of 6.90%. The business had revenue of $458.10 million during the quarter, compared to analyst estimates of $457.87 million. During the same period in the previous year, the firm earned $0.73 EPS. Microsemi Corporation’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts predict that Microsemi Corporation will post $3.84 earnings per share for the current fiscal year.

In other Microsemi Corporation news, SVP David Goren sold 8,464 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $51.36, for a total transaction of $434,711.04. Following the completion of the transaction, the senior vice president now owns 22,320 shares of the company’s stock, valued at approximately $1,146,355.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman James J. Peterson sold 8,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $47.93, for a total value of $421,784.00. Following the transaction, the chairman now directly owns 175,781 shares of the company’s stock, valued at approximately $8,425,183.33. The disclosure for this sale can be found here. Insiders sold a total of 35,908 shares of company stock valued at $1,806,405 over the last quarter. 0.57% of the stock is owned by insiders.

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.

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