Stephens set a $36.00 target price on Microsemi Corp. (NASDAQ:MSCC) in a research report released on Friday. The firm currently has a a buy rating on the stock.

Other research analysts have also issued reports about the company. Mizuho raised their price target on Microsemi Corp. from $42.00 to $46.00 and gave the company a buy rating in a report on Monday, August 22nd. BMO Capital Markets reissued a buy rating and set a $50.00 price target (up from $45.00) on shares of Microsemi Corp. in a report on Friday, July 29th. Needham & Company LLC reaffirmed a buy rating on shares of Microsemi Corp. in a research note on Friday, July 29th. TheStreet raised Microsemi Corp. from a hold rating to a buy rating in a research note on Friday, July 29th. Finally, Stifel Nicolaus raised their target price on Microsemi Corp. from $48.00 to $50.00 and gave the company a buy rating in a research note on Friday, September 9th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $49.00.

Shares of Microsemi Corp. (NASDAQ:MSCC) opened at 53.03 on Friday. The company’s 50-day moving average is $42.57 and its 200 day moving average is $37.62. Microsemi Corp. has a 52-week low of $28.91 and a 52-week high of $53.39. The firm’s market capitalization is $5.96 billion.

Microsemi Corp. (NASDAQ:MSCC) last issued its quarterly 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 company had revenue of $450.10 million for the quarter, compared to analyst estimates of $448.07 million. Microsemi Corp. had a positive return on equity of 17.86% and a negative net margin of 1.46%. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. Equities analysts expect that Microsemi Corp. will post $3.81 earnings per share for the current fiscal year.

In other Microsemi Corp. news, COO Paul H. Pickle sold 102,142 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $46.82, for a total transaction of $4,782,288.44. Following the sale, the chief operating officer now owns 138,525 shares of the company’s stock, valued at approximately $6,485,740.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Frederick C. Goerner sold 4,659 shares of the business’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $37.95, for a total transaction of $176,809.05. Following the sale, the vice president now directly owns 40,644 shares in the company, valued at approximately $1,542,439.80. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. 1st Global Advisors Inc. boosted 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 boosted 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. State Treasurer State of Michigan boosted its stake in shares of Microsemi Corp. by 0.4% in the third quarter. State Treasurer State of Michigan now owns 45,600 shares of the company’s stock worth $1,914,000 after buying an additional 200 shares during the last quarter. Profund Advisors LLC boosted 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. Finally, LS Investment Advisors LLC boosted its stake in shares of Microsemi Corp. by 6.8% in the third quarter. LS Investment Advisors LLC now owns 7,259 shares of the company’s stock worth $305,000 after buying an additional 459 shares during 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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