Investment analysts at Stifel Nicolaus lifted their price objective on shares of Microsemi Corp. (NASDAQ:MSCC) from $26.00 to $28.00 in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 13.36% from the company’s current price.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Microsemi Corp. in a research note to investors on Wednesday, July 17th. They now have a $26.00 price target on the stock.
Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Microsemi Corp. currently has an average rating of “Buy” and an average price target of $22.79.
Microsemi Corp. (NASDAQ: MSCC) traded down 1.42% on Friday, hitting $24.35. Microsemi Corp. has a 52-week low of $17.12 and a 52-week high of $25.03. The stock’s 50-day moving average is currently $22.98. The company has a market cap of $2.187 billion and a price-to-earnings ratio of 53.93.
Microsemi Corp. (NASDAQ:MSCC) last announced its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $242.60 million for the quarter, compared to the consensus estimate of $242.35 million. During the same quarter last year, the company posted $0.55 earnings per share. Microsemi Corp.’s revenue was down 6.4% compared to the same quarter last year. Microsemi Corp. has set its Q4 guidance at $0.51-$0.55 EPS. Analysts expect that Microsemi Corp. will post $1.95 EPS for the current fiscal year.
Microsemi Corporation (NASDAQ: MSCC) is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance.