Microsemi Corporation (MSCC) Stock Rating Upgraded by Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) upgraded shares of Microsemi Corporation (NASDAQ:MSCC) from a neutral rating to a buy rating in a research note published on Wednesday morning, Marketbeat reports. The firm currently has $53.00 target price on the semiconductor company’s stock, down from their prior target price of $54.00.

A number of other research firms have also weighed in on MSCC. Royal Bank Of Canada reaffirmed a top pick rating and set a $64.00 target price on shares of Microsemi Corporation in a report on Monday, May 22nd. Needham & Company LLC reduced their target price on Microsemi Corporation from $63.00 to $61.00 and set a buy rating for the company in a report on Friday, April 28th. Raymond James Financial, Inc. started coverage on Microsemi Corporation in a report on Friday, June 16th. They set a market perform rating for the company. BidaskClub lowered Microsemi Corporation from a hold rating to a sell rating in a report on Saturday, June 17th. Finally, TheStreet raised Microsemi Corporation from a c+ rating to a b+ rating in a report on Thursday, April 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. Microsemi Corporation presently has a consensus rating of Buy and an average target price of $54.91.

Shares of Microsemi Corporation (NASDAQ:MSCC) remained flat at $48.86 during midday trading on Wednesday. The stock had a trading volume of 481,891 shares. Microsemi Corporation has a 12 month low of $32.57 and a 12 month high of $57.97. The company has a 50 day moving average price of $49.04 and a 200 day moving average price of $51.75. The company has a market cap of $5.64 billion, a P/E ratio of 25.84 and a beta of 1.15.

Microsemi Corporation (NASDAQ:MSCC) last posted its earnings results on Thursday, April 27th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.18. The business had revenue of $442.90 million during the quarter, compared to analyst estimates of $439.79 million. Microsemi Corporation had a return on equity of 18.77% and a net margin of 12.77%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. Analysts expect that Microsemi Corporation will post $3.82 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/microsemi-corporation-mscc-stock-rating-upgraded-by-goldman-sachs-group-inc-the/1176326.html.

In related news, SVP David Goren sold 8,464 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $51.36, for a total transaction of $434,711.04. Following the completion of the transaction, the senior vice president now owns 22,320 shares in the company, valued at $1,146,355.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas Robert Anderson sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $50.56, for a total value of $101,120.00. Following the transaction, the director now owns 16,113 shares of the company’s stock, valued at approximately $814,673.28. The disclosure for this sale can be found here. Insiders sold a total of 50,184 shares of company stock valued at $2,475,231 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of Microsemi Corporation during the first quarter worth approximately $113,000. Dubuque Bank & Trust Co. acquired a new position in shares of Microsemi Corporation during the first quarter worth approximately $153,000. Flinton Capital Management LLC increased its position in shares of Microsemi Corporation by 5.3% in the first quarter. Flinton Capital Management LLC now owns 3,184 shares of the semiconductor company’s stock worth $164,000 after buying an additional 160 shares in the last quarter. BTC Capital Management Inc. acquired a new position in shares of Microsemi Corporation during the first quarter worth approximately $202,000. Finally, Cigna Investments Inc. New acquired a new position in shares of Microsemi Corporation during the fourth quarter worth approximately $215,000.

Microsemi Corporation 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 Corporation (NASDAQ:MSCC)

Receive News & Ratings for Microsemi Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsemi Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Michael Jordan and Derek Jeter May Buy Miami Marlins
Michael Jordan and Derek Jeter May Buy Miami Marlins
First Half Favorites for MLB Awards
First Half Favorites for MLB Awards
Houston’s George Springer Proving He Has What it Takes
Houston’s George Springer Proving He Has What it Takes
Aaron Judge Passes Yankees Legend Joe DiMaggio for Rookie Home Runs
Aaron Judge Passes Yankees Legend Joe DiMaggio for Rookie Home Runs
Legends from Latin American Will Be Honored by MLB
Legends from Latin American Will Be Honored by MLB
Home Run Derby Expected to Be the Best Yet
Home Run Derby Expected to Be the Best Yet


Leave a Reply

 
© 2006-2017 BBNS.