BidaskClub cut shares of Microsemi (NASDAQ:MSCC) from a hold rating to a sell rating in a report published on Thursday.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Microsemi from a hold rating to a sell rating in a research note on Tuesday, November 14th. Oppenheimer reissued a hold rating on shares of Microsemi in a research note on Friday, November 10th. Needham & Company LLC reissued a buy rating and issued a $61.00 price target on shares of Microsemi in a research note on Friday, November 10th. Finally, KeyCorp reissued a buy rating and issued a $62.00 price target on shares of Microsemi in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $61.11.

Microsemi (MSCC) traded down $0.80 during mid-day trading on Thursday, hitting $51.03. The stock had a trading volume of 847,626 shares, compared to its average volume of 755,462. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.92. The firm has a market cap of $6,000.82, a P/E ratio of 15.32, a P/E/G ratio of 1.14 and a beta of 1.14. Microsemi has a one year low of $46.08 and a one year high of $57.97.

Microsemi (NASDAQ:MSCC) last posted its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. The company had revenue of $475.30 million for the quarter, compared to the consensus estimate of $474.97 million. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. analysts predict that Microsemi will post 3.57 EPS for the current year.

In related news, COO Paul H. Pickle sold 69,482 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $53.71, for a total value of $3,731,878.22. Following the completion of the sale, the chief operating officer now owns 88,512 shares in the company, valued at approximately $4,753,979.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas Robert Anderson sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.12, for a total transaction of $51,120.00. Following the completion of the sale, the director now owns 14,113 shares of the company’s stock, valued at approximately $721,456.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 234,553 shares of company stock valued at $12,513,867. 0.57% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP increased its holdings in Microsemi by 0.4% during the 2nd quarter. Trexquant Investment LP now owns 7,800 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 34 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Microsemi by 1.0% during the 2nd quarter. Pacer Advisors Inc. now owns 14,718 shares of the semiconductor company’s stock worth $689,000 after purchasing an additional 141 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Microsemi by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,184 shares of the semiconductor company’s stock worth $430,000 after purchasing an additional 145 shares in the last quarter. Campbell Newman Asset Management Inc. increased its holdings in Microsemi by 4.7% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 6,234 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 281 shares in the last quarter. Finally, Reliant Investment Management LLC increased its holdings in Microsemi by 0.5% during the 2nd quarter. Reliant Investment Management LLC now owns 61,075 shares of the semiconductor company’s stock worth $2,858,000 after purchasing an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 97.54% of the company’s stock.

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Microsemi 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.

Analyst Recommendations for Microsemi (NASDAQ:MSCC)

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