Microsemi (NASDAQ:MSCC) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

MSCC has been the topic of several other research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $66.00 price target on shares of Microsemi in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Microsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. SunTrust Banks reiterated a “buy” rating and issued a $71.00 price target on shares of Microsemi in a report on Friday, January 26th. Mizuho increased their price target on shares of Microsemi from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $61.00 price target on shares of Microsemi in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. Microsemi presently has a consensus rating of “Buy” and a consensus price target of $65.55.

Microsemi (MSCC) opened at $60.03 on Thursday. Microsemi has a fifty-two week low of $46.08 and a fifty-two week high of $65.65. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.36 and a quick ratio of 1.55. The firm has a market cap of $6,950.00, a P/E ratio of 34.50, a P/E/G ratio of 1.27 and a beta of 1.33.

Microsemi (NASDAQ:MSCC) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. The company had revenue of $468.70 million for the quarter, compared to the consensus estimate of $460.17 million. During the same quarter in the prior year, the company earned $0.86 EPS. Microsemi’s quarterly revenue was up 7.6% on a year-over-year basis. analysts expect that Microsemi will post 3.51 earnings per share for the current year.

In other Microsemi news, Director Thomas Robert Anderson sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.12, for a total value of $51,120.00. Following the sale, the director now owns 14,113 shares in the company, valued at approximately $721,456.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Frederick C. Goerner sold 3,968 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $51.51, for a total value of $204,391.68. Following the completion of the sale, the vice president now owns 57,794 shares in the company, valued at approximately $2,976,968.94. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of Microsemi by 6.7% during the 4th quarter. BlackRock Inc. now owns 10,817,946 shares of the semiconductor company’s stock valued at $558,748,000 after buying an additional 680,797 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Microsemi by 41.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,065,729 shares of the semiconductor company’s stock valued at $209,305,000 after buying an additional 1,196,836 shares in the last quarter. Lyrical Asset Management LP lifted its position in shares of Microsemi by 4.0% during the 4th quarter. Lyrical Asset Management LP now owns 3,366,782 shares of the semiconductor company’s stock valued at $173,894,000 after buying an additional 130,876 shares in the last quarter. Boston Partners lifted its position in shares of Microsemi by 2.5% during the 4th quarter. Boston Partners now owns 3,074,329 shares of the semiconductor company’s stock valued at $158,789,000 after buying an additional 73,916 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Microsemi by 34.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,331,576 shares of the semiconductor company’s stock valued at $68,776,000 after buying an additional 339,606 shares in the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

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About Microsemi

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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