Microsemi Corporation (NASDAQ:MSCC) Director Thomas Robert Anderson sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $50.56, for a total value of $101,120.00. Following the transaction, the director now directly owns 16,113 shares in the company, valued at approximately $814,673.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Thomas Robert Anderson also recently made the following trade(s):

  • On Wednesday, April 5th, Thomas Robert Anderson sold 1,000 shares of Microsemi Corporation stock. The stock was sold at an average price of $50.33, for a total value of $50,330.00.

Shares of Microsemi Corporation (MSCC) traded down 0.04% during mid-day trading on Friday, hitting $48.03. The stock had a trading volume of 1,541,919 shares. Microsemi Corporation has a 12-month low of $29.68 and a 12-month high of $57.97. The firm has a market cap of $5.55 billion, a P/E ratio of 25.40 and a beta of 1.14. The company has a 50 day moving average price of $49.25 and a 200 day moving average price of $52.18.

Microsemi Corporation (NASDAQ:MSCC) last released its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. The business had revenue of $442.90 million during the quarter, compared to analyst estimates of $439.79 million. Microsemi Corporation had a return on equity of 18.77% and a net margin of 12.77%. The company’s revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $0.67 EPS. Equities analysts forecast that Microsemi Corporation will post $3.82 earnings per share for the current fiscal year.

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

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A number of research firms have commented on MSCC. Zacks Investment Research downgraded Microsemi Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. TheStreet upgraded Microsemi Corporation from a “c+” rating to a “b+” rating in a research report on Thursday, April 27th. Royal Bank of Canada downgraded Microsemi Corporation from a “top pick” rating to an “outperform” rating and decreased their target price for the stock from $64.00 to $58.00 in a research report on Wednesday. Raymond James Financial, Inc. began coverage on Microsemi Corporation in a research report on Friday. They set a “market perform” rating on the stock. Finally, Needham & Company LLC decreased their target price on Microsemi Corporation from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $55.18.

Large investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Microsemi Corporation during the first quarter valued at approximately $113,000. Dubuque Bank & Trust Co. acquired a new stake in shares of Microsemi Corporation during the first quarter valued at approximately $153,000. Flinton Capital Management LLC acquired a new stake in shares of Microsemi Corporation during the fourth quarter valued at approximately $163,000. Seven Eight Capital LP acquired a new stake in shares of Microsemi Corporation during the fourth quarter valued at approximately $179,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Microsemi Corporation during the fourth quarter valued at approximately $201,000.

Microsemi Corporation Company Profile

Microsemi Corporation is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance. The Company offers a portfolio of semiconductor and system solutions for aerospace and defense, communications, data center and industrial markets.

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