Microsemi Corporation (NASDAQ:MSCC) COO Paul H. Pickle sold 6,586 shares of Microsemi Corporation stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $53.09, for a total transaction of $349,650.74. Following the completion of the sale, the chief operating officer now owns 25,616 shares in the company, valued at approximately $1,359,953.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Microsemi Corporation (NASDAQ:MSCC) traded down $0.16 during trading on Friday, hitting $53.02. 441,437 shares of the stock were exchanged, compared to its average volume of 985,618. The stock has a market cap of $6,250.00, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. Microsemi Corporation has a twelve month low of $46.08 and a twelve month high of $57.97. The company has a quick ratio of 1.29, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Microsemi Corporation (NASDAQ:MSCC) last announced its earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.01. Microsemi Corporation had a net margin of 9.73% and a return on equity of 20.82%. The firm had revenue of $475.30 million for the quarter, compared to the consensus estimate of $474.97 million. During the same period in the prior year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. equities research analysts forecast that Microsemi Corporation will post 3.58 earnings per share for the current year.

Microsemi Corporation announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 27th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 43% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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A number of institutional investors and hedge funds have recently made changes to their positions in MSCC. Capstone Asset Management Co. increased its stake in Microsemi Corporation by 11.2% during the 2nd quarter. Capstone Asset Management Co. now owns 11,514 shares of the semiconductor company’s stock worth $539,000 after buying an additional 1,160 shares during the period. Bank of Montreal Can increased its position in shares of Microsemi Corporation by 0.8% in the 2nd quarter. Bank of Montreal Can now owns 225,717 shares of the semiconductor company’s stock valued at $10,563,000 after purchasing an additional 1,843 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Microsemi Corporation by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,151 shares of the semiconductor company’s stock valued at $1,973,000 after purchasing an additional 1,799 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Microsemi Corporation by 15.5% in the 2nd quarter. LS Investment Advisors LLC now owns 10,507 shares of the semiconductor company’s stock valued at $492,000 after purchasing an additional 1,407 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Microsemi Corporation by 3.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the semiconductor company’s stock valued at $1,409,000 after purchasing an additional 1,000 shares during the last quarter. 99.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on MSCC. Zacks Investment Research lowered shares of Microsemi Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Microsemi Corporation in a research report on Friday, November 10th. Needham & Company LLC restated a “buy” rating and set a $61.00 price target on shares of Microsemi Corporation in a research report on Friday, November 10th. Finally, KeyCorp restated a “buy” rating and set a $62.00 price target on shares of Microsemi Corporation in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Microsemi Corporation has an average rating of “Buy” and an average price target of $61.11.

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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