Microsemi Corp. (NASDAQ:MSCC) VP Frederick C. Goerner sold 6,958 shares of the stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $39.62, for a total value of $275,675.96. Following the transaction, the vice president now owns 48,458 shares of the company’s stock, valued at $1,919,905.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Microsemi Corp. (NASDAQ:MSCC) opened at 37.92 on Wednesday. Microsemi Corp. has a 12-month low of $28.91 and a 12-month high of $42.64. The company’s 50-day moving average price is $40.30 and its 200 day moving average price is $36.54. The firm’s market capitalization is $4.29 billion.

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

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

A number of research analysts recently issued reports on MSCC shares. Zacks Investment Research cut Microsemi Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. RBC Capital Markets reissued a “top pick” rating and set a $48.00 price target on shares of Microsemi Corp. in a research report on Thursday, September 15th. Drexel Hamilton cut Microsemi Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. SunTrust Banks Inc. reissued a “buy” rating on shares of Microsemi Corp. in a research report on Saturday, June 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $46.00 price target on shares of Microsemi Corp. in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.79.

A number of hedge funds have recently modified their holdings of the company. 1st Global Advisors Inc. raised 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 in the last quarter. Northwestern Mutual Investment Management Company LLC raised 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised 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 in the last quarter. Profund Advisors LLC raised 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 in the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Microsemi Corp. by 1.1% in the second quarter. State Treasurer State of Michigan now owns 45,400 shares of the company’s stock worth $1,484,000 after buying an additional 500 shares in the last quarter.

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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