Microsemi Corp (MSCC) Files Form 4 Insider Buying : Steven G Litchfield Buys 15,750 Shares

Microsemi Corp (MSCC): Steven G Litchfield , EVP & Chief Strategy Officer of Microsemi Corp purchased 15,750 shares on May 16, 2016. The Insider buying transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $31.91 per share for a total value of $502,519.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 23, 2016, William L Healey (director) sold 2,500 shares at $37.28 per share price.On Mar 2, 2016, Frederick C Goerner (Exec VP Worldwide Sales & Mktg) sold 4,000 shares at $35.72 per share price.Also, On Feb 18, 2016, Paul F Folino (director) sold 4,542 shares at $33.08 per share price.On Feb 18, 2016, Dennis R Leibel (director other) sold 5,000 shares at $33.01 per share price.

Shares of Microsemi Corporation (MSCC) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.09% at $31.56 with 10,87,861 shares getting traded. Post opening the session at $31.78, the shares hit an intraday low of $31.09 and an intraday high of $32.235 and the price vacillated in this range throughout the day. The company has a market cap of $3,570 M and the number of outstanding shares has been calculated to be 11,31,07,464 shares. The 52-week high of Microsemi Corporation is $39.56 and the 52-week low is $28.24.

Microsemi Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Microsemi Corporation is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 46 from a previous price target of $40 .The Rating was issued on Apr 29, 2016.Microsemi Corporation is Reiterated by RBC Capital Mkts to Top Pick and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $46 .The Rating was issued on Mar 28, 2016.Microsemi Corporation is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 46 from a previous price target of $40 .The Rating was issued on Mar 28, 2016.Microsemi Corporation is Upgraded by RBC Capital Mkts to Top Pick and the brokerage firm has raised the Price Target to $ 46 from a previous price target of $45 .Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 25, 2016.

Microsemi Corporation (Microsemi) is a designer manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemi’s products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs) field programmable gate arrays (FPGAs) system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans. The principal end markets that its serves include aerospace communications defense and security and industrial. Its products are found in various applications such as communications infrastructure systems; military and commercial satellites and aircrafts oil field equipment and airport security systems.

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