Microsemi Corp. (NASDAQ:MSCC) Chairman James J. Peterson sold 12,935 shares of the firm’s stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $38.51, for a total value of $498,126.85. Following the completion of the sale, the chairman now directly owns 137,865 shares of the company’s stock, valued at $5,309,181.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Microsemi Corp. (NASDAQ:MSCC) opened at 38.01 on Monday. The stock’s market capitalization is $4.30 billion. The stock has a 50 day moving average price of $40.41 and a 200-day moving average price of $36.58. Microsemi Corp. has a one year low of $28.91 and a one year high of $42.64.
Microsemi Corp. (NASDAQ:MSCC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business earned $431.40 million during the quarter, compared to analyst estimates of $430.22 million. Microsemi Corp. had a positive return on equity of 17.32% and a negative net margin of 3.12%. The business’s revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. Analysts anticipate that Microsemi Corp. will post $3.02 earnings per share for the current year.
Several large investors have recently bought and sold shares of the stock. Seven Eight Capital LLC raised its stake in Microsemi Corp. by 119.5% in the second quarter. Seven Eight Capital LLC now owns 3,122 shares of the company’s stock worth $102,000 after buying an additional 1,700 shares during the period. FTB Advisors Inc. boosted its position in Microsemi Corp. by 347.6% in the second quarter. FTB Advisors Inc. now owns 4,391 shares of the company’s stock worth $143,000 after buying an additional 3,410 shares in the last quarter. BlueMountain Capital Management LLC acquired a new position in Microsemi Corp. during the second quarter worth approximately $152,000. BB&T Corp acquired a new position in Microsemi Corp. during the second quarter worth approximately $217,000. Finally, LS Investment Advisors LLC boosted its position in Microsemi Corp. by 70.9% in the second quarter. LS Investment Advisors LLC now owns 6,800 shares of the company’s stock worth $222,000 after buying an additional 2,820 shares in the last quarter.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Microsemi Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Macquarie reaffirmed a “positive” rating on shares of Microsemi Corp. in a research note on Thursday, September 22nd. Drexel Hamilton lowered Microsemi Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. RBC Capital Markets reaffirmed a “top pick” rating and issued a $48.00 price objective on shares of Microsemi Corp. in a research note on Thursday, September 15th. Finally, Mizuho raised their price objective on Microsemi Corp. from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $46.79.
Microsemi Corp. Company Profile