Somewhat Positive Media Coverage Somewhat Unlikely to Impact Microsemi (MSCC) Stock Price
News headlines about Microsemi (NASDAQ:MSCC) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Microsemi earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.6668175846558 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- Frederick C. Goerner Sells 3,968 Shares of Microsemi Co. (MSCC) Stock (americanbankingnews.com)
- ETFs with exposure to Microsemi Corp. : December 12, 2017 (finance.yahoo.com)
- Microsemi and Imperas Announce Extendable Platform Kit for Microsemi Mi-V RISC-V Soft CPUs (finance.yahoo.com)
- Microsemi Corporation (MSCC) Holdings Cut by Ameriprise Financial Inc. (topix.com)
- Microsemi Corp. :MSCC-US: Earnings Analysis: Q4, 2017 By the Numbers : December 8, 2017 (finance.yahoo.com)
A number of brokerages recently weighed in on MSCC. Needham & Company LLC restated a “buy” rating and set a $61.00 target price on shares of Microsemi in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Microsemi from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Oppenheimer reaffirmed a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. KeyCorp reaffirmed a “buy” rating and set a $62.00 price target on shares of Microsemi in a research note on Friday, October 20th. Finally, BidaskClub downgraded shares of Microsemi from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Microsemi has a consensus rating of “Buy” and an average target price of $61.11.
Microsemi (NASDAQ MSCC) traded up $0.55 during trading on Thursday, reaching $51.39. 510,736 shares of the company were exchanged, compared to its average volume of 969,018. The stock has a market capitalization of $5,980.00, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.14. The company has a current ratio of 1.92, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. Microsemi has a 52 week low of $46.08 and a 52 week high of $57.97.
Microsemi (NASDAQ:MSCC) last released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share (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 quarter in the prior year, the firm earned $0.91 earnings per share. Microsemi’s revenue was up 5.6% on a year-over-year basis. sell-side analysts anticipate that Microsemi will post 3.57 EPS for the current year.
In other news, Director Thomas Robert Anderson sold 1,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were 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 $721,456.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Frederick C. Goerner sold 5,000 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $52.33, for a total transaction of $261,650.00. The disclosure for this sale can be found here. In the last three months, insiders sold 238,521 shares of company stock worth $12,718,259. Insiders own 0.57% 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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