October 20 investment analysts at KeyCorp held the company rating at "Buy" projecting a price of $62.00. Craig Hallum reissued a "hold" rating and issued a $6.00 price target (down from $8.30) on shares of Lattice Semiconductor Corporation in a report on Thursday, September 14th. The brokerage now has a $61.00 price objective on the semiconductor company's stock. Needham & Company LLC restated a buy rating and issued a $61.00 target price on shares of Microsemi Corporation in a report on Friday. The analyst recommendations from a month ago are 1 Buy, 6 Strong Buy, 0 Sell, 1 Hold and 2. The company presently has a consensus rating of Buy and an average target price of $61.11. The company's stock had a trading volume of 824,100 shares, compared to its average volume of 993,018.
The company had seen its current volume reaching at 5.67 million shares in the last trade. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.29. Microsemi Corporation has a 52-week low of $46.08 and a 52-week high of $57.97.
Microsemi Corporation (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The business had revenue of $91.97 million during the quarter, compared to the consensus estimate of $92.00 million.
The Return on Invested Capital (aka ROIC) for Microsemi Corporation (NasdaqGS:MSCC) is 0.425299.
Looking further out, over the past twelve months, Lattice Semiconductor Corporation's stock was -15.67% and 10.15% over the last quarter and -7.40% for the past six months. During the same period in the previous year, the firm posted $0.91 EPS. equities analysts anticipate that Microsemi Corporation will post 3.62 earnings per share for the current fiscal year. If you are reading this report on another website, it was copied illegally and republished in violation of US & worldwide copyright & trademark legislation. If you are viewing this report on another publication, it was copied illegally and reposted in violation of worldwide copyright & trademark legislation. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/11/14/microsemi-corporation-mscc-downgraded-by-zacks-investment-research.html.
Microsemi Corporation declared that its board has approved a share repurchase program on Thursday, July 27th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the semiconductor company to purchase up to 43% of its stock through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.
In other Microsemi Corporation news, CFO John W. Hohener sold 55,618 shares of the company's stock in a transaction dated Tuesday, November 7th.
Among new and sold out positions, 69 holders initiated new positions by a total of 47.97 million shares and 53 holders exited their positions by a total of 9.55 million shares.
The company now has an insider ownership of 1.7 Percent and Institutional ownership of 99.5 Percent. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16 were sells. Insider ownership decreased by a total of 679752 shares, which suggests that ON's key executives are feeling less optimistic about the outlook for the stock. Following the sale, the vice president now owns 60,436 shares in the company, valued at $3,029,052.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 231,467 shares of company stock valued at $12,340,556.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSCC. Dubuque Bank & Trust Co. raised its position in shares of Microsemi Corporation by 3.1% during the second quarter. Short shares grew 126,212 over that period. Westfield Capital Management Co. Bank of Montreal Can increased its position in shares of Microsemi Corporation by 0.8% during the 2nd quarter. LP now owns 1,706,865 shares of the semiconductor company's stock valued at $79,881,000 after buying an additional 788,129 shares during the period. 1492 Capital Management LLC controls 39,348 shares with a value of $2,026,000. Eagle Asset Management Inc. purchased a new stake in Microsemi Corporation in the 3rd quarter valued at about $25,153,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Microsemi Corp.by 1.7% in the first quarter.
Microsemi Corporation is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance.