Piper Jaffray Companies Begins Coverage on Microsemi (MSCC)
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.
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.
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