Raymond James Maintains Its “Mkt Perform” Rating on Microsemi (NDAQ:MSCC) Shares Today

June 19, 2017 - By Adrian Erickson

 Raymond James Maintains Its

Investors sentiment decreased to 1.09 in 2016 Q4. Its down 0.09, from 1.18 in 2016Q3. It turned negative, as 26 investors sold Microsemi Corporation shares while 112 reduced holdings. 49 funds opened positions while 101 raised stakes. 117.53 million shares or 0.09% more from 117.43 million shares in 2016Q3 were reported.

Mutual Of America Cap Management Ltd Liability Co has invested 0.15% in Microsemi Corporation (NASDAQ:MSCC). Financial Architects stated it has 0.01% in Microsemi Corporation (NASDAQ:MSCC). Provise Mngmt Grp Limited Liability has invested 0.05% in Microsemi Corporation (NASDAQ:MSCC). Cambiar Ltd Co has invested 0.44% in Microsemi Corporation (NASDAQ:MSCC). Regions Corp accumulated 0.03% or 44,400 shares. Monetary Mngmt stated it has 21,825 shares. Eam Ltd Liability Corp holds 0.39% or 54,638 shares. Riverhead Capital Mngmt Ltd Limited Liability Company stated it has 4,700 shares or 0.02% of all its holdings. State Treasurer State Of Michigan stated it has 0.02% of its portfolio in Microsemi Corporation (NASDAQ:MSCC). 17,189 were reported by Pub Employees Retirement Association Of Colorado. Profund Ltd Liability Corp holds 0.09% of its portfolio in Microsemi Corporation (NASDAQ:MSCC) for 35,871 shares. Ivory Mgmt Limited has 388,206 shares for 1.02% of their portfolio. Aimz Invest Ltd Llc owns 13,684 shares. Td Asset Management owns 154,617 shares for 0.01% of their portfolio. Massmutual Co Fsb Adv holds 6,932 shares.

Since January 17, 2017, it had 0 insider purchases, and 19 insider sales for $5.56 million activity. Shares for $98,441 were sold by HEALEY WILLIAM L. FOLINO PAUL F also sold $124,792 worth of Microsemi Corporation (NASDAQ:MSCC) on Wednesday, March 1. PETERSON JAMES J had sold 8,800 shares worth $479,076 on Tuesday, February 7. 2,000 shares valued at $101,121 were sold by ANDERSON THOMAS ROBERT on Wednesday, June 7. 6,000 shares were sold by BENDUSH WILLIAM, worth $322,686 on Tuesday, February 14. 2,000 shares were sold by Goerner Frederick C, worth $101,780 on Wednesday, April 5.

Microsemi (NDAQ:MSCC) Rating Reaffirmed

Microsemi (NDAQ:MSCC) has had their stock rating reaffirmed as a solid “Mkt Perform” by equity analysts at Raymond James. This was revealed to investors in a note on Friday, 16 June.

Investors sentiment decreased to 1.09 in 2016 Q4. Its down 0.09, from 1.18 in 2016Q3. It turned negative, as 26 investors sold Microsemi Corporation shares while 112 reduced holdings. 49 funds opened positions while 101 raised stakes. 117.53 million shares or 0.09% more from 117.43 million shares in 2016Q3 were reported.

Mutual Of America Cap Management Ltd Liability Co has invested 0.15% in Microsemi Corporation (NASDAQ:MSCC). Financial Architects stated it has 0.01% in Microsemi Corporation (NASDAQ:MSCC). Provise Mngmt Grp Limited Liability has invested 0.05% in Microsemi Corporation (NASDAQ:MSCC). Cambiar Ltd Co has invested 0.44% in Microsemi Corporation (NASDAQ:MSCC). Regions Corp accumulated 0.03% or 44,400 shares. Monetary Mngmt stated it has 21,825 shares. Eam Ltd Liability Corp holds 0.39% or 54,638 shares. Riverhead Capital Mngmt Ltd Limited Liability Company stated it has 4,700 shares or 0.02% of all its holdings. State Treasurer State Of Michigan stated it has 0.02% of its portfolio in Microsemi Corporation (NASDAQ:MSCC). 17,189 were reported by Pub Employees Retirement Association Of Colorado. Profund Ltd Liability Corp holds 0.09% of its portfolio in Microsemi Corporation (NASDAQ:MSCC) for 35,871 shares. Ivory Mgmt Limited has 388,206 shares for 1.02% of their portfolio. Aimz Invest Ltd Llc owns 13,684 shares. Td Asset Management owns 154,617 shares for 0.01% of their portfolio. Massmutual Co Fsb Adv holds 6,932 shares.

Since January 17, 2017, it had 0 insider purchases, and 19 insider sales for $5.56 million activity. Shares for $98,441 were sold by HEALEY WILLIAM L. FOLINO PAUL F also sold $124,792 worth of Microsemi Corporation (NASDAQ:MSCC) on Wednesday, March 1. PETERSON JAMES J had sold 8,800 shares worth $479,076 on Tuesday, February 7. 2,000 shares valued at $101,121 were sold by ANDERSON THOMAS ROBERT on Wednesday, June 7. 6,000 shares were sold by BENDUSH WILLIAM, worth $322,686 on Tuesday, February 14. 2,000 shares were sold by Goerner Frederick C, worth $101,780 on Wednesday, April 5.

Microsemi Corporation (NASDAQ:MSCC) Ratings Coverage

Among 3 analysts covering Microsemi (NDAQ:MSCC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Microsemi has $64 highest and $58 lowest target. $59.50’s average target is 23.88% above currents $48.03 stock price. Microsemi had 4 analyst reports since April 28, 2017 according to SRatingsIntel. The company was maintained on Friday, April 28 by Needham. As per Friday, June 16, the company rating was initiated by Raymond James. RBC Capital Markets maintained the stock with “Top Pick” rating in Tuesday, May 23 report. RBC Capital Markets downgraded the shares of MSCC in report on Wednesday, June 14 to “Outperform” rating.

It closed at $48.03 lastly. It is down 52.60% since June 19, 2016 and is uptrending. It has outperformed by 35.90% the S&P500.

Investors wait Microsemi Corporation (NASDAQ:MSCC) to report on July, 27. its quarterly earnings Wall Street analysts expect $0.81 EPS, up $0.19 or 30.65 % from last year’s $0.62 same quarter earnings. This translates into $93.43M profit for MSCC giving the stock a 14.82 P/E. This is assuming the current $0.81 EPS is accurate. Microsemi Corporation’s Wall Street analysts see -1.22 % negative EPS growth, taking into account the $0.82 EPS reproted in the previous quarter,

Microsemi Corporation is a designer, maker and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance. The company has market cap of $5.54 billion. The Firm offers a portfolio of semiconductor and system solutions for aerospace and defense, communications, data center and industrial markets. It has a 25.46 P/E ratio. The Company’s products include high-performance and radiation-hardened analog mixed-signal integrated circuits , field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs) and power management products.

More notable recent Microsemi Corporation (NASDAQ:MSCC) news were published by: Prnewswire.com which released: “Microsemi to Present at Goldman Sachs Leveraged Finance Conference” on June 08, 2017, also Prnewswire.com with their article: “Microsemi to Present at Stifel 2017 Technology, Internet & Media Conference” published on May 30, 2017, Prnewswire.com published: “Microsemi Enhances TimeProvider 5000 PTP Grandmaster Clock to Support IPv6 …” on June 08, 2017. More interesting news about Microsemi Corporation (NASDAQ:MSCC) were released by: Streetinsider.com and their article: “Raymond James Resumes Microsemi Corporation (MSCC) at Market Perform” published on June 16, 2017 as well as Streetinsider.com‘s news article titled: “RBC Capital Downgrades Microsemi Corporation (MSCC) to Outperform; ‘No Change …” with publication date: June 14, 2017.

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