Today, Microsemi Corp. (MSCC) Earns Buy Rating from Analysts at Deutsche Bank AG

Today, Microsemi Corp. (MSCC) Earns Buy Rating from Analysts at Deutsche Bank AG
Equities research analysts at Deutsche Bank AG initiated coverage on shares of Microsemi Corp. (NASDAQ:MSCC) in a report issued on Tuesday. The brokerage set a “buy” rating and a $60.00 price target on the stock. Deutsche Bank AG’s price target points to a potential upside of 6.88% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Mizuho lifted their price objective on shares of Microsemi Corp. from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, August 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Microsemi Corp. in a research note on Friday, July 29th. Needham & Company LLC reiterated a “buy” rating on shares of Microsemi Corp. in a research note on Friday, July 29th. TheStreet upgraded shares of Microsemi Corp. from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Microsemi Corp. from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $49.00.

Microsemi Corp. (NASDAQ:MSCC) traded up 0.52% during mid-day trading on Tuesday, hitting $56.14. 477,716 shares of the stock traded hands. Microsemi Corp. has a one year low of $28.91 and a one year high of $56.73. The company has a 50 day moving average price of $45.32 and a 200-day moving average price of $38.70. The stock’s market capitalization is $6.44 billion.

Microsemi Corp. (NASDAQ:MSCC) last announced its earnings results on Thursday, November 10th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. The business earned $450.10 million during the quarter, compared to the consensus estimate of $448.07 million. Microsemi Corp. had a negative net margin of 1.46% and a positive return on equity of 17.86%. Microsemi Corp.’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. Equities analysts anticipate that Microsemi Corp. will post $3.81 earnings per share for the current fiscal year.

In other news, VP Frederick C. Goerner sold 6,958 shares of the company’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $39.62, for a total value of $275,675.96. Following the sale, the vice president now directly owns 48,458 shares of the company’s stock, valued at approximately $1,919,905.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Paul H. Pickle sold 102,142 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $46.82, for a total transaction of $4,782,288.44. Following the completion of the sale, the chief operating officer now directly owns 138,525 shares in the company, valued at $6,485,740.50. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Several large investors have recently bought and sold shares of MSCC. 1st Global Advisors Inc. raised 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 raised 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. State Treasurer State of Michigan raised its stake in Microsemi Corp. by 0.4% in the third quarter. State Treasurer State of Michigan now owns 45,600 shares of the company’s stock worth $1,914,000 after buying an additional 200 shares in the last quarter. Profund Advisors LLC raised 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. Finally, LS Investment Advisors LLC raised its stake in Microsemi Corp. by 6.8% in the third quarter. LS Investment Advisors LLC now owns 7,259 shares of the company’s stock worth $305,000 after buying an additional 459 shares in the last quarter.

About Microsemi Corp.

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