Microsemi Corp. (NASDAQ:MSCC) COO Paul H. Pickle sold 102,142 shares of Microsemi Corp. stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $46.82, for a total transaction of $4,782,288.44. Following the transaction, the chief operating officer now directly owns 138,525 shares of the company’s stock, valued at $6,485,740.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Microsemi Corp. (NASDAQ:MSCC) opened at 47.86 on Friday. The company’s market cap is $5.42 billion. The company’s 50 day moving average is $41.67 and its 200 day moving average is $37.27. Microsemi Corp. has a 1-year low of $28.91 and a 1-year high of $50.00.

Microsemi Corp. (NASDAQ:MSCC) last announced its earnings results on Thursday, November 10th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The business had revenue of $450.10 million for the quarter, compared to analysts’ expectations of $448.07 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 36.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. Equities research analysts forecast that Microsemi Corp. will post $2.96 EPS for the current year.

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

A number of equities analysts recently commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Microsemi Corp. in a research note on Friday, July 29th. Zacks Investment Research cut shares of Microsemi Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Susquehanna assumed coverage on shares of Microsemi Corp. in a research note on Tuesday, September 20th. They set a “positive” rating and a $50.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price target (up from $46.00) on shares of Microsemi Corp. in a research note on Friday, September 9th. Finally, Drexel Hamilton cut shares of Microsemi Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. Microsemi Corp. has an average rating of “Buy” and a consensus price target of $47.80.

A number of institutional investors have recently made changes to their positions in the stock. Columbus Circle Investors boosted its position in shares of Microsemi Corp. by 1.7% in the second quarter. Columbus Circle Investors now owns 1,192,980 shares of the company’s stock valued at $38,987,000 after buying an additional 19,606 shares in the last quarter. Channing Capital Management LLC boosted its position in shares of Microsemi Corp. by 4.7% in the second quarter. Channing Capital Management LLC now owns 1,579,068 shares of the company’s stock valued at $51,604,000 after buying an additional 70,309 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Microsemi Corp. by 4.1% in the first quarter. Wellington Management Group LLP now owns 2,061,318 shares of the company’s stock valued at $78,969,000 after buying an additional 82,103 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Microsemi Corp. by 17.8% in the first quarter. Geode Capital Management LLC now owns 816,236 shares of the company’s stock valued at $31,270,000 after buying an additional 123,471 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in shares of Microsemi Corp. by 4.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 612,579 shares of the company’s stock valued at $20,019,000 after buying an additional 26,542 shares in the last quarter.

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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