Microsemi (MSCC) Stock Rating Lowered by BMO Capital Markets
Microsemi (NASDAQ:MSCC) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Monday, The Fly reports.
A number of other equities analysts have also recently commented on MSCC. Needham & Company LLC reiterated a “buy” rating and set a $61.00 price target on shares of Microsemi in a report on Friday, November 10th. Oppenheimer reiterated a “hold” rating on shares of Microsemi in a report on Friday, November 10th. Zacks Investment Research cut Microsemi from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. BidaskClub cut Microsemi from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Piper Jaffray Companies initiated coverage on Microsemi in a report on Monday, December 18th. They set an “overweight” rating and a $60.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $64.32.
Microsemi (MSCC) opened at $67.30 on Monday. The firm has a market capitalization of $7,909.91, a PE ratio of 38.68, a PEG ratio of 1.44 and a beta of 1.24. The company has a quick ratio of 1.55, a current ratio of 2.36 and a debt-to-equity ratio of 0.89. Microsemi has a 1-year low of $46.08 and a 1-year high of $67.50.
In other news, VP Frederick C. Goerner sold 3,968 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $51.51, for a total transaction of $204,391.68. Following the completion of the sale, the vice president now owns 57,794 shares in the company, valued at $2,976,968.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas Robert Anderson sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.12, for a total value of $51,120.00. Following the sale, the director now owns 14,113 shares of the company’s stock, valued at approximately $721,456.56. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oakbrook Investments LLC raised its position in shares of Microsemi by 74.5% in the fourth quarter. Oakbrook Investments LLC now owns 10,820 shares of the semiconductor company’s stock valued at $559,000 after buying an additional 4,620 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Microsemi by 27.4% in the third quarter. JPMorgan Chase & Co. now owns 162,570 shares of the semiconductor company’s stock valued at $8,293,000 after buying an additional 34,994 shares in the last quarter. American Century Companies Inc. raised its position in shares of Microsemi by 2.9% in the third quarter. American Century Companies Inc. now owns 119,934 shares of the semiconductor company’s stock valued at $6,174,000 after buying an additional 3,371 shares in the last quarter. Peregrine Capital Management LLC raised its position in shares of Microsemi by 0.6% in the fourth quarter. Peregrine Capital Management LLC now owns 706,966 shares of the semiconductor company’s stock valued at $36,515,000 after buying an additional 4,510 shares in the last quarter. Finally, New Mexico Educational Retirement Board acquired a new stake in shares of Microsemi in the fourth quarter valued at approximately $1,477,000. Institutional investors own 96.73% of the company’s stock.
Microsemi Company Profile
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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