David Goren Sells 3,453 Shares of Microsemi Corp. (MSCC) Stock
Microsemi Corp. (NASDAQ:MSCC) SVP David Goren sold 3,453 shares of the company’s stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $38.51, for a total value of $132,975.03. Following the completion of the sale, the senior vice president now owns 25,491 shares of the company’s stock, valued at $981,658.41. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
David Goren also recently made the following trade(s):
- On Friday, October 7th, David Goren sold 14,603 shares of Microsemi Corp. stock. The shares were sold at an average price of $41.89, for a total value of $611,719.67.
Shares of Microsemi Corp. (NASDAQ:MSCC) opened at 37.73 on Tuesday. Microsemi Corp. has a 52-week low of $28.91 and a 52-week high of $42.64. The firm’s market cap is $4.27 billion. The firm has a 50-day moving average price of $40.36 and a 200-day moving average price of $36.55.
Microsemi Corp. (NASDAQ:MSCC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.73 EPS for the quarter, beating the Zacks’ 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 positive return on equity of 17.32% and a negative net margin of 3.12%. The business’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. Analysts predict that Microsemi Corp. will post $3.02 EPS for the current fiscal year.
Several analysts have issued reports on the company. Mizuho restated a “buy” rating and issued a $46.00 target price on shares of Microsemi Corp. in a report on Monday, September 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of Microsemi Corp. in a research note on Friday, July 29th. Zacks Investment Research lowered Microsemi Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. RBC Capital Markets reaffirmed a “top pick” rating and issued a $48.00 price target (up previously from $47.00) on shares of Microsemi Corp. in a research note on Sunday, July 31st. Finally, Susquehanna started coverage on Microsemi Corp. in a research note on Tuesday, September 20th. They issued a “positive” rating and a $50.00 price target on the stock. 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 assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.79.
Several large investors have recently made changes to their positions in MSCC. Seven Eight Capital LLC increased its stake in shares of Microsemi Corp. by 119.5% in the second quarter. Seven Eight Capital LLC now owns 3,122 shares of the company’s stock worth $102,000 after buying an additional 1,700 shares in the last quarter. FTB Advisors Inc. increased its stake in shares of Microsemi Corp. by 347.6% in the second quarter. FTB Advisors Inc. now owns 4,391 shares of the company’s stock worth $143,000 after buying an additional 3,410 shares in the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of Microsemi Corp. during the second quarter worth approximately $152,000. Telemus Capital LLC acquired a new stake in shares of Microsemi Corp. during the third quarter worth approximately $230,000. Finally, BB&T Corp acquired a new stake in shares of Microsemi Corp. during the second quarter worth approximately $217,000.
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.
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