BidaskClub Downgrades Microsemi (MSCC) to Sell

BidaskClub downgraded shares of Microsemi (NASDAQ:MSCC) from a hold rating to a sell rating in a report issued on Thursday, December 7th.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Microsemi from a buy rating to a hold rating in a research report on Monday, August 28th. Oppenheimer restated a hold rating on shares of Microsemi in a research report on Friday, November 10th. Finally, KeyCorp restated a buy rating and issued a $62.00 price objective on shares of Microsemi in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $61.00.

Microsemi (NASDAQ MSCC) traded down $0.54 during midday trading on Thursday, hitting $51.65. The company had a trading volume of 358,168 shares, compared to its average volume of 703,421. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.92. Microsemi has a 52-week low of $46.08 and a 52-week high of $57.97. The stock has a market capitalization of $6,132.46, a price-to-earnings ratio of 34.21, a P/E/G ratio of 1.17 and a beta of 1.14.

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

In other news, COO Paul H. Pickle sold 14,746 shares of Microsemi stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $52.48, for a total transaction of $773,870.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Robert Anderson sold 1,000 shares of Microsemi stock in a transaction that occurred 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 sale, the director now owns 14,113 shares of the company’s stock, valued at $721,456.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 238,521 shares of company stock valued at $12,718,259. Insiders own 0.57% of the company’s stock.

Several hedge funds have recently bought and sold shares of MSCC. Trexquant Investment LP raised its position in shares of 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 during the last quarter. Pacer Advisors Inc. raised its position in shares of 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 during the last quarter. Teacher Retirement System of Texas raised its position in shares of 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 during the last quarter. Campbell Newman Asset Management Inc. raised its position in shares of 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 during the last quarter. Finally, Reliant Investment Management LLC raised its position in shares of 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 during the last quarter. Institutional investors own 97.27% 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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