The stock of Microsemi Corporation (NASDAQ:MSCC) hit a new 52-week high and has $84.61 target or 55.00% above today’s $54.59 share price. The 8 months bullish chart indicates low risk for the $6.16B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $84.61 price target is reached, the company will be worth $3.39 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 549,882 shares traded hands. Microsemi Corporation (NASDAQ:MSCC) has risen 48.36% since April 19, 2016 and is uptrending. It has outperformed by 44.50% the S&P500.
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. As per Friday, November 11, the company rating was maintained by Mizuho. Mizuho maintained Microsemi Corporation (NASDAQ:MSCC) on Monday, August 22 with “Buy” rating. The firm has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. As per Monday, August 3, the company rating was initiated by RBC Capital Markets. The stock of Microsemi Corporation (NASDAQ:MSCC) earned “Buy” rating by Topeka Capital Markets on Friday, January 29. The stock of Microsemi Corporation (NASDAQ:MSCC) earned “Buy” rating by Drexel Hamilton on Monday, August 24. The company was initiated on Tuesday, September 20 by Susquehanna. RBC Capital Markets upgraded Microsemi Corporation (NASDAQ:MSCC) on Thursday, February 25 to “Top Pick” rating. The firm has “Buy” rating by Topeka Capital Markets given on Friday, November 6. On Wednesday, September 9 the stock rating was initiated by Sterne Agee CRT with “Buy”.
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 1.18 in Q2 2016. Its down 0.20, from 1.38 in 2016Q1. The ratio dropped, 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.
Cipher Limited Partnership holds 0.25% or 110,687 shares in its portfolio. Ionic Mngmt Ltd Liability Corporation last reported 0.29% of its portfolio in the stock. Scotia Cap last reported 0.02% of its portfolio in the stock. First Bank Of Omaha, a Nebraska-based fund reported 21,800 shares. Fred Alger Mngmt holds 2.61 million shares or 0.45% of its portfolio. Gam Ag has 10,500 shares for 0.01% of their US portfolio. Boston Ptnrs last reported 5.99 million shares in the company. Amer Group Inc last reported 0% of its portfolio in the stock. Moreover, Baldwin Brothers Incorporated Ma has 0% invested in Microsemi Corporation (NASDAQ:MSCC) for 15 shares. Stevens Mngmt L P has 0.13% invested in the company for 101,519 shares. Raymond James Fin Svcs Advisors reported 9,222 shares or 0% of all its holdings. Moreover, Icon Advisers Incorporated Com has 0.36% invested in Microsemi Corporation (NASDAQ:MSCC) for 163,600 shares. The Switzerland-based Swiss National Bank has invested 0.01% in Microsemi Corporation (NASDAQ:MSCC). The Illinois-based Fortaleza Asset Management has invested 0.17% in Microsemi Corporation (NASDAQ:MSCC). Nuveen Asset Mngmt Lc last reported 0.08% of its portfolio in the stock.
Insider Transactions: Since August 9, 2016, the stock had 0 buys, and 16 insider sales for $18.08 million net activity. $185,725 worth of shares were sold by HOHENER JOHN W on Thursday, October 13. $611,705 worth of shares were sold by Goren David on Wednesday, October 5. 1,500 shares were sold by FOLINO PAUL F, worth $59,703. $1.05M worth of shares were sold by Pickle Paul H on Wednesday, October 5. PETERSON JAMES J sold $498,102 worth of stock or 12,935 shares. Shares for $275,694 were sold by Goerner Frederick C.
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 Companyâ€™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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.