Shares of Microsemi (NASDAQ:MSCC) have received an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $61.96.
MSCC has been the topic of a number of recent research reports. BidaskClub downgraded shares of Microsemi from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 13th. TheStreet downgraded shares of Microsemi from a “b+” rating to a “c+” rating in a research note on Tuesday, May 15th. KeyCorp reiterated an “equal weight” rating on shares of Microsemi in a research note on Wednesday, March 7th. SunTrust Banks downgraded shares of Microsemi from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Finally, Stifel Nicolaus downgraded shares of Microsemi from a “buy” rating to a “hold” rating and set a $68.00 price target on the stock. in a research note on Friday, March 2nd.
In other Microsemi news, VP Frederick C. Goerner sold 2,102 shares of the business’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $64.76, for a total transaction of $136,125.52. Following the completion of the sale, the vice president now directly owns 55,692 shares of the company’s stock, valued at approximately $3,606,613.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul F. Folino sold 3,605 shares of the business’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $67.52, for a total value of $243,409.60. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Microsemi during the 4th quarter worth $108,000. Advisor Group Inc. increased its holdings in Microsemi by 92.7% in the fourth quarter. Advisor Group Inc. now owns 2,226 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 1,071 shares in the last quarter. Point72 Asia Hong Kong Ltd increased its holdings in Microsemi by 139,400.0% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,790 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 2,788 shares in the last quarter. Stone Ridge Asset Management LLC bought a new stake in Microsemi in the fourth quarter worth approximately $200,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Microsemi in the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 90.67% of the company’s stock.
Shares of Microsemi remained flat at $$68.74 during midday trading on Friday, MarketBeat Ratings reports. The stock has a market cap of $8.11 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.57 and a current ratio of 2.27. Microsemi has a fifty-two week low of $46.08 and a fifty-two week high of $68.77.
Microsemi Company Profile
Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company offers analog mixed-signal integrated circuits; field programmable gate arrays; system on chip solutions and application-specific integrated circuits; power management products; and timing and synchronization devices, and precise time solutions.
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