The Microsemi Corp. (MSCC) SVP David Goren Sold 3,453 Shares

The Microsemi Corp. (MSCC) SVP David Goren Sold 3,453 Shares

Microsemi Corp. (NASDAQ:MSCC) SVP David Goren sold 3,453 shares of the business’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $38.51, for a total transaction of $132,975.03. Following the sale, the senior vice president now directly owns 25,491 shares in the company, valued at $981,658.41. The sale was disclosed in a legal filing with the SEC, which is available through this link.

David Goren also recently made the following trade(s): On Friday, October 7th, David Goren sold 14,603 shares of Microsemi Corp. stock. The stock was sold at an average price of $41.89, for a total transaction of $611,719.67.

Shares of Microsemi Corp. (NASDAQ:MSCC) traded down 0.03% on Friday, hitting $38.01. 839,942 shares of the company’s stock were exchanged. The firm’s market cap is $4.30 billion. Microsemi Corp. has a 12 month low of $28.91 and a 12 month high of $42.64. The stock’s 50 day moving average is $40.41 and its 200 day moving average is $36.58.

Microsemi Corp. (NASDAQ:MSCC) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Microsemi Corp. had a negative net margin of 3.12% and a positive return on equity of 17.32%. The business had revenue of $431.40 million for the quarter, compared to analysts’ expectations of $430.22 million. During the same period in the previous year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. On average, equities analysts predict that Microsemi Corp. will post $3.02 earnings per share for the current year.

MSCC has been the topic of several analyst reports. TheStreet raised shares of Microsemi Corp. from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Mizuho upped their target price on shares of Microsemi Corp. from $42.00 to $46.00 and gave the company a “buy” rating in a report on Monday, August 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Microsemi Corp. in a report on Friday, July 29th. Needham & Company LLC reaffirmed a “buy” rating on shares of Microsemi Corp. in a report on Friday, July 29th. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Microsemi Corp. in a report on Saturday, June 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $46.79.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in shares of Microsemi Corp. by 7.6% in the first quarter. Aperio Group LLC now owns 23,452 shares of the company’s stock valued at $898,000 after buying an additional 1,655 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its stake in shares of 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 valued at $1,205,000 after buying an additional 161 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of 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 valued at $840,000 after buying an additional 275 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Microsemi Corp. by 93.9% in the first quarter. TIAA CREF Investment Management LLC now owns 878,960 shares of the company’s stock valued at $33,673,000 after buying an additional 425,643 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Microsemi Corp. by 270.0% in the first quarter. BlackRock Inc. now owns 43,114 shares of the company’s stock valued at $1,652,000 after buying an additional 31,463 shares in the last quarter.

Microsemi Corp. Company Profile

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