Microsemi Corp. (NASDAQ:MSCC) CFO John W. Hohener sold 20,403 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $41.95, for a total transaction of $855,905.85. Following the completion of the sale, the chief financial officer now owns 47,211 shares of the company’s stock, valued at approximately $1,980,501.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Microsemi Corp. (NASDAQ:MSCC) opened at 41.59 on Friday. The stock’s market capitalization is $4.71 billion. The stock’s 50 day moving average is $40.63 and its 200-day moving average is $36.53. Microsemi Corp. has a one year low of $28.91 and a one year high of $42.64.

Microsemi Corp. (NASDAQ:MSCC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The business earned $431.40 million during the quarter, compared to the consensus estimate of $430.22 million. Microsemi Corp. had a negative net margin of 3.12% and a positive return on equity of 17.32%. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, equities research analysts expect that Microsemi Corp. will post $3.02 EPS for the current year.

Insider Buying and Selling by Quarter for Microsemi Corp. (NASDAQ:MSCC)

A number of large investors have recently modified their holdings of the stock. 1st Global Advisors Inc. increased its stake in shares of Microsemi Corp. by 0.4% in the second quarter. 1st Global Advisors Inc. now owns 9,239 shares of the company’s stock worth $302,000 after buying an additional 36 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Microsemi Corp. by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 19,527 shares of the company’s stock worth $638,000 after buying an additional 137 shares during the last quarter. Nisa Investment Advisors L.L.C. increased its stake in shares of Microsemi Corp. by 0.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 31,461 shares of the company’s stock worth $1,205,000 after buying an additional 161 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Microsemi Corp. by 1.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,917 shares of the company’s stock worth $840,000 after buying an additional 275 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Microsemi Corp. by 2.6% in the second quarter. Profund Advisors LLC now owns 17,693 shares of the company’s stock worth $578,000 after buying an additional 453 shares during the last quarter. 90.57% of the stock is owned by institutional investors.

MSCC has been the subject of several recent analyst reports. TheStreet upgraded shares of Microsemi Corp. from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Mizuho raised their price objective on shares of Microsemi Corp. from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Microsemi Corp. in a research note on Friday, July 29th. Needham & Company LLC reiterated a “buy” rating on shares of Microsemi Corp. in a research note on Friday, July 29th. Finally, SunTrust Banks Inc. reiterated a “buy” rating on shares of Microsemi Corp. in a research note on Saturday, June 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $46.79.

Microsemi Corp. Company Profile

Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemi’s products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs), field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans.

5 Day Chart for NASDAQ:MSCC

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