Media stories about Microsemi Corporation (NASDAQ:MSCC) have been trending somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Microsemi Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 44.908012807936 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of Microsemi Corporation (MSCC) opened at 48.63 on Monday. The company has a market cap of $5.63 billion, a PE ratio of 49.22 and a beta of 1.16. The company has a 50-day moving average of $50.87 and a 200 day moving average of $50.41. Microsemi Corporation has a 12 month low of $37.11 and a 12 month high of $57.97.

Microsemi Corporation (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.18. Microsemi Corporation had a return on equity of 19.91% and a net margin of 6.90%. The business had revenue of $458.10 million for the quarter, compared to the consensus estimate of $457.87 million. During the same period in the prior year, the business earned $0.73 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. On average, analysts anticipate that Microsemi Corporation will post $3.79 earnings per share for the current year.

Microsemi Corporation declared that its board has approved a stock buyback plan on Thursday, July 27th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the semiconductor company to purchase up to 43% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Microsemi Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, August 2nd. BidaskClub cut shares of Microsemi Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Wells Fargo & Company reiterated an “outperform” rating on shares of Microsemi Corporation in a research report on Monday, July 31st. Susquehanna Bancshares Inc set a $70.00 price objective on shares of Microsemi Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $60.00 price objective (up previously from $58.00) on shares of Microsemi Corporation in a research report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $58.00.

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In related news, Director Paul F. Folino sold 1,650 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $52.57, for a total value of $86,740.50. Following the completion of the transaction, the director now directly owns 1,070 shares in the company, valued at $56,249.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Robert Anderson sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $50.56, for a total value of $101,120.00. Following the completion of the transaction, the director now owns 16,113 shares of the company’s stock, valued at $814,673.28. The disclosure for this sale can be found here. Insiders sold 21,308 shares of company stock valued at $1,095,933 over the last quarter. Insiders own 0.57% of the company’s stock.

About Microsemi Corporation

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.

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

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