Microsemi Corp. (NASDAQ:MSCC) SVP David Goren sold 3,453 shares of the stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $38.51, for a total value of $132,975.03. Following the transaction, the senior vice president now owns 25,491 shares in the company, valued at $981,658.41. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
David Goren also recently made the following trade(s):
- On Friday, October 7th, David Goren sold 14,603 shares of Microsemi Corp. stock. The shares were sold at an average price of $41.89, for a total value of $611,719.67.
Shares of Microsemi Corp. (NASDAQ:MSCC) opened at 37.92 on Wednesday. The stock’s market cap is $4.29 billion. The firm has a 50-day moving average price of $40.30 and a 200 day moving average price of $36.54. Microsemi Corp. has a 12-month low of $28.91 and a 12-month high of $42.64.
Microsemi Corp. (NASDAQ:MSCC) last posted its earnings results on Thursday, July 28th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $431.40 million for the quarter, compared to the consensus estimate of $430.22 million. Microsemi Corp. had a positive return on equity of 17.32% and a negative net margin of 3.12%. The firm’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. Equities research analysts expect that Microsemi Corp. will post $3.02 earnings per share for the current year.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Microsemi Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Susquehanna assumed coverage on Microsemi Corp. in a research report on Tuesday, September 20th. They set a “positive” rating and a $50.00 price objective on the stock. Macquarie reiterated a “positive” rating on shares of Microsemi Corp. in a research report on Thursday, September 22nd. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price objective (up from $46.00) on shares of Microsemi Corp. in a research report on Friday, September 9th. Finally, Stifel Nicolaus increased their price objective on Microsemi Corp. from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $46.79.
Several large investors have recently bought and sold shares of the company. 1st Global Advisors Inc. increased its stake in Microsemi Corp. by 0.4% in the second quarter. 1st Global Advisors Inc. now owns 9,239 shares of the company’s stock worth $302,000 after buying an additional 36 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Microsemi Corp. by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 19,527 shares of the company’s stock worth $638,000 after buying an additional 137 shares in the last quarter. Nisa Investment Advisors L.L.C. increased its stake in Microsemi Corp. by 0.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 31,461 shares of the company’s stock worth $1,205,000 after buying an additional 161 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Microsemi Corp. by 1.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,917 shares of the company’s stock worth $840,000 after buying an additional 275 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in Microsemi Corp. by 2.6% in the second quarter. Profund Advisors LLC now owns 17,693 shares of the company’s stock worth $578,000 after buying an additional 453 shares in the last quarter.
Microsemi Corp. Company Profile
Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemi’s products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs), field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans.
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