Notable Mover: Could Microsemi Corporation See a Reversal After This Very Strong Session?

Notable Mover: Could Microsemi Corporation See a Reversal After This Very Strong Session?

The stock of Microsemi Corporation (NASDAQ:MSCC) is a huge mover today! About 800,920 shares traded hands. Microsemi Corporation (NASDAQ:MSCC) has risen 28.38% since April 11, 2016 and is uptrending. It has outperformed by 22.23% the S&P500.
The move comes after 6 months positive chart setup for the $5.45B company. It was reported on Nov, 11 by Barchart.com. We have $68.54 PT which if reached, will make NASDAQ:MSCC worth $2.29 billion more.

Microsemi Corporation (NASDAQ:MSCC) Ratings Coverage

Out of 14 analysts covering Microsemi (NASDAQ:MSCC), 13 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 93% are positive. Microsemi has been the topic of 23 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Mizuho maintained it with “Buy” rating and $60.0 target price in Friday, November 11 report. Zacks upgraded Microsemi Corporation (NASDAQ:MSCC) on Monday, September 21 to “Hold” rating. The firm has “Buy” rating given on Wednesday, September 9 by Sterne Agee CRT. Susquehanna initiated the stock with “Positive” rating in Tuesday, September 20 report. As per Wednesday, August 26, the company rating was upgraded by Zacks. The stock has “Buy” rating given by Topeka Capital Markets on Friday, January 29. The stock has “Buy” rating given by Needham on Monday, January 25. Wells Fargo upgraded the shares of MSCC in a report on Friday, January 29 to “Outperform” rating. On Thursday, February 25 the stock rating was upgraded by RBC Capital Markets to “Top Pick”. The firm earned “Buy” rating on Friday, November 6 by Topeka Capital Markets.

According to Zacks Investment Research, “Microsemi Corp. is a leading designer, manufacturer and marketer of analog, mixed-signal and discrete semiconductors. The company’s semiconductors manage and regulate power, protect against transient voltage spikes and transmit, receive and amplify signals. The company’s products include individual components as well as complete circuit solutions that enhance our customers’ end products by providing battery optimization, reducing size or protecting circuits. (PRESS RELEASE)”

Insitutional Activity: The institutional sentiment decreased to 1.38 in Q2 2016. Its down 0.26, from 1.64 in 2016Q1. The ratio fall, as 30 funds sold all Microsemi Corporation shares owned while 75 reduced positions. 36 funds bought stakes while 109 increased positions. They now own 119.08 million shares or 2.64% more from 116.01 million shares in 2016Q1.
Moreover, Cornerstone Capital Limited Liability Co has 0.01% invested in Microsemi Corporation (NASDAQ:MSCC) for 22,182 shares. Blackrock Ltd Liability Company holds 507,850 shares or 0.02% of its portfolio. Rosenblum Silverman Sutton S F Ca accumulated 93,595 shares or 1.47% of the stock. Cap Investors holds 0% or 226,828 shares in its portfolio. Voya Investment has 0.1% invested in the company for 1.25 million shares. Blackrock Inc has 0% invested in the company for 47,841 shares. Ameritas Invest Partners Incorporated reported 26,760 shares or 0.06% of all its holdings. Mutual Of America Capital Mngmt Ltd last reported 0.06% of its portfolio in the stock. Moreover, Automobile Association has 0.04% invested in Microsemi Corporation (NASDAQ:MSCC) for 349,200 shares. Stoneridge Ptnrs Ltd Liability Corporation, a Pennsylvania-based fund reported 19,325 shares. Parkside Finance Bancorporation And holds 0.01% or 582 shares in its portfolio. Stephens Inv Mgmt Group Ltd Liability Co holds 0.9% of its portfolio in Microsemi Corporation (NASDAQ:MSCC) for 843,040 shares. Thompson Siegel Walmsley Ltd reported 41 shares or 0% of all its holdings. Fifth Third State Bank reported 9,962 shares or 0% of all its holdings. Palisade Cap Mgmt Ltd Liability Nj has invested 0.51% of its portfolio in Microsemi Corporation (NASDAQ:MSCC).

Insider Transactions: Since May 16, 2016, the stock had 1 insider buy, and 13 selling transactions for $6.31 million net activity. PETERSON JAMES J had sold 12,935 shares worth $498,102. LITCHFIELD STEVEN G bought $502,520 worth of Microsemi Corporation (NASDAQ:MSCC) on Monday, May 16. The insider HOHENER JOHN W sold $185,725. Goren David also sold $611,705 worth of Microsemi Corporation (NASDAQ:MSCC) on Wednesday, October 5. 4,000 shares with value of $157,567 were sold by Goerner Frederick C on Tuesday, August 9. Another trade for 5,903 shares valued at $227,313 was made by Pickle Paul H on Thursday, October 13. FOLINO PAUL F sold 1,500 shares worth $59,703.

Another recent and important Microsemi Corporation (NASDAQ:MSCC) news was published by Fool.com which published an article titled: “Why Microsemi Corporation Stock Jumped” on November 03, 2016.

MSCC Company Profile

Microsemi Corporation (Microsemi), incorporated on September 27, 1960, is a designer, maker and marketer of high-performance analog and mixed-signal semiconductor solutions. The Company’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, as well as custom design capabilities and services.

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