Microsemi (MSCC) Getting Somewhat Positive News Coverage, Analysis Finds

News stories about Microsemi (NASDAQ:MSCC) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Microsemi earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.974491508567 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several equities research analysts recently commented on MSCC shares. Zacks Investment Research upgraded Microsemi from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, September 26th. BidaskClub downgraded Microsemi from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Oppenheimer reiterated a “hold” rating on shares of Microsemi in a report on Friday, November 10th. KeyCorp reiterated a “buy” rating and issued a $62.00 price objective on shares of Microsemi in a report on Friday, October 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $61.00 price target on shares of Microsemi in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $61.11.

Microsemi (NASDAQ MSCC) traded down $0.27 during trading on Wednesday, hitting $51.10. The company’s stock had a trading volume of 766,229 shares, compared to its average volume of 977,012. The company has a market cap of $6,000.00, a P/E ratio of 15.36, a P/E/G ratio of 1.15 and a beta of 1.14. Microsemi has a 1-year low of $46.08 and a 1-year high of $57.97. The company has a current ratio of 1.92, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87.

Microsemi (NASDAQ:MSCC) last released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. The business had revenue of $475.30 million during the quarter, compared to the consensus estimate of $474.97 million. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. equities research analysts forecast that Microsemi will post 3.57 EPS for the current fiscal year.

In other news, COO Paul H. Pickle sold 14,746 shares of Microsemi stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $52.48, for a total transaction of $773,870.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Paul H. Pickle sold 5,903 shares of Microsemi stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $52.10, for a total value of $307,546.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 233,553 shares of company stock valued at $12,462,747. Corporate insiders own 0.57% of the company’s stock.

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About Microsemi

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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