Microsemi Corp. (NASDAQ:MSCC) CFO John W. Hohener sold 20,403 shares of Microsemi Corp. stock in a transaction that occurred 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 directly owns 47,211 shares in the company, valued at approximately $1,980,501.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Microsemi Corp. (NASDAQ:MSCC) opened at 41.59 on Friday. The stock’s market capitalization is $4.71 billion. Microsemi Corp. has a 12 month low of $28.91 and a 12 month high of $42.64. The company has a 50-day moving average of $40.63 and a 200 day moving average of $36.53.

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

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Microsemi Corp. by 3.9% in the second quarter. Vanguard Group Inc. now owns 8,422,882 shares of the company’s stock valued at $275,260,000 after buying an additional 315,481 shares during the last quarter. BlackRock Fund Advisors increased its position in Microsemi Corp. by 5.6% in the second quarter. BlackRock Fund Advisors now owns 5,994,025 shares of the company’s stock valued at $195,885,000 after buying an additional 318,543 shares during the last quarter. Boston Partners increased its position in Microsemi Corp. by 6.5% in the second quarter. Boston Partners now owns 5,990,427 shares of the company’s stock valued at $195,768,000 after buying an additional 364,661 shares during the last quarter. State Street Corp increased its position in Microsemi Corp. by 0.7% in the second quarter. State Street Corp now owns 3,815,707 shares of the company’s stock valued at $124,694,000 after buying an additional 28,162 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Microsemi Corp. by 3.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,550,047 shares of the company’s stock valued at $116,016,000 after buying an additional 112,731 shares during the last quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Microsemi Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Macquarie reissued a “positive” rating on shares of Microsemi Corp. in a report on Thursday, September 22nd. Drexel Hamilton cut shares of Microsemi Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. RBC Capital Markets reissued a “top pick” rating and set a $48.00 target price on shares of Microsemi Corp. in a report on Thursday, September 15th. Finally, Mizuho boosted their target price on shares of Microsemi Corp. from $42.00 to $46.00 and gave the company a “buy” rating in a report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.79.

About Microsemi Corp.

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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