Piper Jaffray Companies initiated coverage on shares of Microsemi (NASDAQ:MSCC) in a research report report published on Monday, MarketBeat reports. The brokerage issued an overweight rating and a $60.00 target price on the semiconductor company’s stock.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Microsemi from a buy rating to a hold rating in a research report on Monday, August 28th. Oppenheimer reissued a hold rating on shares of Microsemi in a research report on Friday, November 10th. Finally, KeyCorp reissued a buy rating and issued a $62.00 price objective on shares of Microsemi in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Microsemi has a consensus rating of Buy and a consensus price target of $61.00.

Shares of Microsemi (NASDAQ:MSCC) opened at $52.57 on Monday. Microsemi has a 52-week low of $46.08 and a 52-week high of $57.97. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.29. The company has a market cap of $6,225.43, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14.

Microsemi (NASDAQ:MSCC) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. Microsemi had a net margin of 9.73% and a return on equity of 20.82%. The company had revenue of $475.30 million for the quarter, compared to the consensus estimate of $474.97 million. During the same period in the prior year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. equities research analysts anticipate that Microsemi will post 3.57 earnings per share for the current year.

In other news, SVP David Goren sold 8,329 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $52.54, for a total value of $437,605.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Robert Anderson sold 1,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.12, for a total transaction 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. In the last 90 days, insiders sold 238,521 shares of company stock valued at $12,718,259. Company insiders own 0.57% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. GSA Capital Partners LLP boosted its stake in Microsemi by 407.2% during the 3rd quarter. GSA Capital Partners LLP now owns 26,761 shares of the semiconductor company’s stock worth $1,378,000 after purchasing an additional 21,485 shares during the period. Coldstream Capital Management Inc. acquired a new stake in Microsemi during the 3rd quarter worth $211,000. Highbridge Capital Management LLC acquired a new stake in Microsemi during the 3rd quarter worth $296,000. Crestline Management LP acquired a new stake in Microsemi during the 3rd quarter worth $3,549,000. Finally, Janus Henderson Group PLC acquired a new stake in Microsemi during the 3rd quarter worth $7,064,000. Hedge funds and other institutional investors own 97.27% of the company’s stock.

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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.

Analyst Recommendations for Microsemi (NASDAQ:MSCC)

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