Somewhat Positive News Coverage Very Likely to Affect Microsemi Corporation (NASDAQ:MSCC) Stock Price

Headlines about Microsemi Corporation (NASDAQ:MSCC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Microsemi Corporation earned a news impact score of 0.09 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 89 out of 100, indicating that recent media coverage is very likely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Several equities research analysts have recently issued reports on the company. BidaskClub raised Microsemi Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) upgraded shares of Microsemi Corporation from a “neutral” rating to a “buy” rating and reduced their target price for the company from $54.00 to $53.00 in a research note on Wednesday, July 5th. Raymond James Financial, Inc. assumed coverage on shares of Microsemi Corporation in a research note on Friday, June 16th. They set a “market perform” rating for the company. Royal Bank Of Canada cut shares of Microsemi Corporation from a “top pick” rating to an “outperform” rating and cut their target price for the company from $64.00 to $58.00 in a research note on Wednesday, June 14th. Finally, TheStreet raised shares of Microsemi Corporation from a “c+” rating to a “b+” rating in a report on Thursday, April 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $54.91.

Microsemi Corporation (MSCC) traded down 0.35% during midday trading on Tuesday, reaching $50.80. 53,104 shares of the company traded hands. Microsemi Corporation has a 12-month low of $33.64 and a 12-month high of $57.97. The company has a 50 day moving average of $49.04 and a 200-day moving average of $51.75. The stock has a market capitalization of $5.87 billion, a P/E ratio of 26.86 and a beta of 1.15.

Microsemi Corporation (NASDAQ:MSCC) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.18. Microsemi Corporation had a net margin of 12.77% and a return on equity of 18.77%. The company had revenue of $442.90 million for the quarter, compared to the consensus estimate of $439.79 million. During the same period in the prior year, the firm posted $0.67 EPS. Microsemi Corporation’s revenue for the quarter was down .3% on a year-over-year basis. Equities analysts anticipate that Microsemi Corporation will post $3.82 EPS for the current fiscal year.

In related news, COO Paul H. Pickle sold 3,826 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $49.28, for a total value of $188,545.28. Following the completion of the sale, the chief operating officer now directly owns 45,790 shares in the company, valued at $2,256,531.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David Goren sold 8,464 shares of Microsemi Corporation stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $51.36, for a total value of $434,711.04. Following the completion of the sale, the senior vice president now owns 22,320 shares of the company’s stock, valued at $1,146,355.20. The disclosure for this sale can be found here. Insiders have sold a total of 50,184 shares of company stock worth $2,475,231 in the last 90 days. Company insiders own 0.57% of the company’s stock.

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Microsemi Corporation Company Profile

Microsemi Corporation is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance. The Company offers a portfolio of semiconductor and system solutions for aerospace and defense, communications, data center and industrial markets.

Insider Buying and Selling by Quarter for Microsemi Corporation (NASDAQ:MSCC)

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