Microsemi Corporation Company Profile (NASDAQ:MSCC)

Microsemi Corporation trades on the NASDAQ under the ticker symbol "MSCC."

Microsemi Corporation (NASDAQ:MSCC) posted its quarterly earnings results on Thursday, April, 27th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18. The business earned $442.90 million during the quarter, compared to analyst estimates of $439.79 million. Microsemi Corporation had a net margin of 12.77% and a return on equity of 18.77%. The company's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. View Microsemi Corporation's Earnings History.

Microsemi Corporation updated its third quarter earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $0.94-1.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.97. The company issued revenue guidance of $448-468 million, compared to the consensus revenue estimate of $455.27 million.

14 brokerages have issued 1-year price targets for Microsemi Corporation's stock. Their forecasts range from $36.00 to $65.00. On average, they expect Microsemi Corporation's stock price to reach $56.27 in the next year. View Analyst Ratings for Microsemi Corporation.

Here are some recent quotes from research analysts about Microsemi Corporation stock:

• 1. According to Zacks Investment Research, "Microsemi Corporation is an OEM of a broad range of high-reliability and analog/mixed signal integrated circuits. Over the last one year, the stock has outperformed the Zacks characterised Semi-Analog and Mixed industry. The fiscal first-quarter earnings of the company were below the Zacks Consensus Estimate but revenues exceeded the same. The company’s focus on improving product mix, operational efficiency, and consolidation are driving revenues and margins through 2017.  Moreover, we have confidence in the company’s strategic positioning, strong fundamentals and growth prospects. Microsemi’s scope for margin expansion and decent balance sheet are the other positives. However, pockets of weakness related to product transition at medical customers, push-out of some communications spending in China and a softer oil & gas market continue to impact revenues. Also, heavy investment in R&D could impact near-term profitability." (3/28/2017)
• 2. Needham & Company LLC analysts commented, "We hosted a day of investor meetings in New York for Steve Litchfield, Chief Strategy Officer, and Rob Adams, SVP of Corporate Development, of Microsemi. The meetings highlighted the numerous drivers of the company’s organic growth target of 6-8%. Storage, optical/OTN and commercial air are among MSCC’s highest growth opportunities. Satellite, the company’s highest GM business, remains another key driver as this business looks poised to reach record levels in FY17. Defense spending has already started to trend positively and will receive a boost from increasing foreign military sales in 2017 with increasing U.S. DoD budgets expected to drive FY18 and FY19 sales. We believe management appears confident of its outlook for FY17." (2/9/2017)
• 3. Mizuho analysts commented, "MSCC reported a strong DecQ rev/EPS of $436M/$0.86, with GM at 63.5%, 70 bps above consensus on improving portfolio mix and better profitability from PMCS synergies. MSCC noting continuing strength with Aerospace and Defense, 100G rollout in Communications, and Data Center strength. Raising our estimates, reiterating our Buy, and raising our PT to $62. A strong product portfolio, with OM of 33-34% and strong FCF position MSCC well." (1/27/2017)

Some companies that are related to Microsemi Corporation include Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), Arrow Electronics (ARW), Coherent (COHR), ON Semiconductor Corp (ON), Semiconductor Manufacturing International Corporation (SMI), United Microelectronics Corporation (UMC), Jabil Circuit (JBL), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Integrated Device Technology (IDTI), Silicon Laboratories (SLAB), Advanced Energy Industries (AEIS) and Sanmina Corporation (SANM).

Microsemi Corporation's management team includes the folowing people:

• James J. Peterson, Chairman of the Board, Chief Executive Officer
• Paul H. Pickle, President, Chief Operating Officer
• John W. Hohener, Chief Financial Officer, Executive Vice President, Vice President, Treasurer, Secretary
• Frederick C. Goerner, Executive Vice President - Worldwide Sales and Marketing
• Steven G. Litchfield, Executive Vice President, Chief Strategy Officer
• David Goren, Senior Vice President - Business Affairs, Chief Legal and Compliance Officer
• Dennis R. Leibel, Lead Independent Director
• Kimberly E. Alexy, Independent Director
• Thomas R. Anderson, Independent Director
• William E. Bendush, Independent Director

Microsemi Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Asset Management Company LTD (0.78%), Peregrine Capital Management LLC (0.59%), Rockefeller Financial Services Inc. (0.48%), Bank of Montreal Can (0.20%), Tributary Capital Management LLC (0.19%) and State Treasurer State of Michigan (0.04%). Company insiders that own Microsemi Corporation stock include David Goren, Dennis R Leibel, Frederick C Goerner, James J Peterson, John W Hohener, Matthew E Massengill, Paul F Folino, Paul H Pickle, Steven G Litchfield, Thomas Robert Anderson, William Bendush and William L Healey. View Institutional Ownership Trends for Microsemi Corporation.

Microsemi Corporation's stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Russell Investments Group Ltd., Municipal Employees Retirement System of Michigan, Campbell & CO Investment Adviser LLC, NN Investment Partners Holdings N.V., Independent Portfolio Consultants Inc., Nisa Investment Advisors LLC and BB&T Corp. Company insiders that have sold Microsemi Corporation stock in the last year include David Goren, Frederick C Goerner, James J Peterson, John W Hohener, Paul F Folino, Paul H Pickle, Thomas Robert Anderson, William Bendush and William L Healey. View Insider Buying and Selling for Microsemi Corporation.

Microsemi Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Rockefeller Financial Services Inc., ING Groep NV, Aperio Group LLC, Sumitomo Mitsui Asset Management Company LTD, Quantitative Systematic Strategies LLC, Public Employees Retirement Association of Colorado and US Bancorp DE. View Insider Buying and Selling for Microsemi Corporation.

Shares of Microsemi Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Microsemi Corporation stock can currently be purchased for approximately $53.65.