Media stories about Microsemi (NASDAQ:MSCC) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 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 earned a news impact score of 0.12 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.3978844073595 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Microsemi’s AcuEdge Development Kit for Amazon Alexa Voice Service Wins “Internet of Things Product Innovation Award” at Elektra European Electronics Industry Awards 2017 (finance.yahoo.com)
- Free Post Earnings Research Report: Microsemi’s Sales Increased 7.6%; Adjusted EPS Advanced 17.4% (finance.yahoo.com)
- Microsemi (MSCC) Q1 Earnings Match Estimates, Revenues Beat (finance.yahoo.com)
- Microsemi Announces Digital Ceiling Power-Over-Ethernet Switch Offering Optimal and Cost-Effective Solution for PoE Lighting and Other Digital Ceiling Applications (finance.yahoo.com)
Several equities analysts recently issued reports on the stock. SunTrust Banks reissued a “buy” rating and set a $71.00 price target on shares of Microsemi in a report on Friday, January 26th. KeyCorp lifted their price target on shares of Microsemi to $70.00 and gave the company an “overweight” rating in a report on Friday, January 26th. BMO Capital Markets reissued a “buy” rating and set a $68.00 price target on shares of Microsemi in a report on Friday, January 26th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target (up from $61.00) on shares of Microsemi in a report on Thursday, January 25th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $66.00 price target on shares of Microsemi in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $65.55.
Shares of Microsemi (NASDAQ MSCC) traded down $2.95 during midday trading on Monday, hitting $57.64. 1,435,931 shares of the company’s stock were exchanged, compared to its average volume of 1,537,851. Microsemi has a one year low of $46.08 and a one year high of $65.65. The company has a market capitalization of $7,121.27, a P/E ratio of 33.13, a PEG ratio of 1.30 and a beta of 1.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.55 and a current ratio of 2.36.
Microsemi (NASDAQ:MSCC) last announced its earnings results on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.01. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. The company had revenue of $468.70 million during the quarter, compared to the consensus estimate of $460.17 million. During the same period in the previous year, the firm posted $0.86 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. research analysts expect that Microsemi will post 3.51 earnings per share for the current year.
In other news, Director Thomas Robert Anderson sold 1,000 shares of Microsemi stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $51.12, for a total transaction of $51,120.00. Following the completion of the sale, the director now owns 14,113 shares in the company, valued at approximately $721,456.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Paul H. Pickle sold 69,482 shares of Microsemi stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $53.71, for a total transaction of $3,731,878.22. Following the sale, the chief operating officer now owns 88,512 shares of the company’s stock, valued at approximately $4,753,979.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,464 shares of company stock valued at $9,462,795. Insiders own 0.50% of the company’s stock.
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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