Analyst Rating Update on Microsemi Corporation (MSCC)

Microsemi Corporation (NASDAQ:MSCC) : 8 brokerage houses believe that Microsemi Corporation (NASDAQ:MSCC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Microsemi Corporation (NASDAQ:MSCC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 11 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.45.

Microsemi Corporation (NASDAQ:MSCC) : The consensus price target for Microsemi Corporation (NASDAQ:MSCC) is $43.56 for the short term with a standard deviation of $6.09. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $30.

For the current week, the company shares have a recommendation consensus of Buy.

Microsemi Corporation (NASDAQ:MSCC): stock turned positive on Tuesday. Though the stock opened at $30.51, the bulls momentum made the stock top out at $31.29 level for the day. The stock recorded a low of $30 and closed the trading day at $30.94, in the green by 2.62%. The total traded volume for the day was 1,137,616. The stock had closed at $30.15 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & Chief Strategy Officer) of Microsemi Corp, Litchfield Steven G, had purchased 15,750 shares in a transaction dated on May 16, 2016. The transaction was executed at $31.91 per share with total amount equaling $502,583.

Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemis 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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