News headlines about Microsemi Corporation (NASDAQ:MSCC) have been trending somewhat positive on Wednesday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Microsemi Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 89 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Microsemi Corp Set to Possibly Rebound After Yesterday’s Selloff of 1.01% (mysmartrend.com)
- Upgraded Features Include New FMC-Based Daughter Card and IP to Support Image Sensors with MIPI CSI-2 Interfaces (consumerelectronicsnet.com)
- New Enhancements to Microsemi’s Imaging/Video Solution Enable Customers to Leverage Company’s Low Power and High Security FPGAs in MIPI CSI-2-Based Camera Systems (finance.yahoo.com)
- Microsemi Corporation (MSCC) noted a price change of 0.04% and Sequans Communications SA (SQNS) closes with … – Stocks Gallery (stocksgallery.com)
- A Few Clear Signs For Microsemi Corporation (MSCC), Rexnord Corporation (RXN) – AllStockNews (allstocknews.com)
Microsemi Corporation (NASDAQ MSCC) traded up 0.70% on Wednesday, hitting $47.39. 570,962 shares of the company’s stock traded hands. The stock has a market cap of $5.47 billion, a P/E ratio of 25.06 and a beta of 1.14. The stock has a 50 day moving average price of $49.27 and a 200-day moving average price of $52.08. Microsemi Corporation has a 12 month low of $29.68 and a 12 month high of $57.97.
Microsemi Corporation (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.18. The business had revenue of $442.90 million for the quarter, compared to analysts’ expectations of $439.79 million. Microsemi Corporation had a return on equity of 18.77% and a net margin of 12.77%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. Equities analysts predict that Microsemi Corporation will post $3.82 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Raymond James Financial, Inc. assumed coverage on shares of Microsemi Corporation in a research note on Friday, June 16th. They issued a “market perform” rating on the stock. Royal Bank Of Canada downgraded shares of Microsemi Corporation from a “top pick” rating to an “outperform” rating and lowered their target price for the company from $64.00 to $58.00 in a research note on Wednesday, June 14th. Needham & Company LLC lowered their target price on shares of Microsemi Corporation from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. BidaskClub downgraded shares of Microsemi Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Finally, TheStreet raised shares of Microsemi Corporation from a “c+” rating to a “b+” rating in a research note on Thursday, April 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Microsemi Corporation presently has a consensus rating of “Buy” and a consensus price target of $55.18.
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In other 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 sale, the senior vice president now directly owns 22,320 shares of the company’s stock, valued at approximately $1,146,355.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Paul H. Pickle sold 694 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.73, for a total value of $35,206.62. Following the sale, the chief operating officer now directly owns 39,679 shares in the company, valued at $2,012,915.67. The disclosure for this sale can be found here. Insiders have sold a total of 53,184 shares of company stock worth $2,627,341 over the last ninety days. Insiders own 0.57% of the company’s stock.
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.
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