Microsemi (NASDAQ:MSCC) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $68.63 and last traded at $68.61, with a volume of 245865 shares. The stock had previously closed at $68.56.
MSCC has been the subject of several research analyst reports. Susquehanna Bancshares increased their price objective on Microsemi to $70.00 and gave the stock a “positive” rating in a research note on Wednesday, January 24th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective (up from $61.00) on shares of Microsemi in a research note on Thursday, January 25th. KeyCorp increased their price objective on Microsemi to $70.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Mizuho increased their price objective on Microsemi from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus increased their price objective on Microsemi from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. Microsemi currently has a consensus rating of “Hold” and a consensus price target of $64.32.
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The company has a debt-to-equity ratio of 0.86, a current ratio of 2.27 and a quick ratio of 1.57. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.56 and a beta of 1.21.
In other news, Director Paul F. Folino sold 4,500 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $67.27, for a total transaction of $302,715.00. Following the completion of the sale, the director now directly owns 1,070 shares of the company’s stock, valued at approximately $71,978.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul F. Folino sold 3,605 shares of the firm’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. Insiders have sold a total of 12,297 shares of company stock valued at $821,089 over the last ninety days. Company insiders own 0.57% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Microsemi during the 4th quarter worth about $108,000. IFP Advisors Inc raised its stake in shares of Microsemi by 235.2% during the 4th quarter. IFP Advisors Inc now owns 2,212 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,552 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Microsemi by 92.7% during the 4th 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. Cerebellum GP LLC purchased a new stake in shares of Microsemi during the 4th quarter worth about $124,000. Finally, Balter Liquid Alternatives LLC purchased a new stake in shares of Microsemi during the 4th quarter worth about $142,000. 92.66% of the stock is owned by institutional investors.
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.
