What Next for Microsemi Corporation (MSCC) Stock After Achieving 52-Week High?

May 17, 2018 - By Ann Prendergast

Microsemi Corporation (NASDAQ:MSCC) Logo

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.02, from 1.13 in 2017Q3. It is positive, as 34 investors sold Microsemi Corporation shares while 98 reduced holdings. 47 funds opened positions while 105 raised stakes. 111.11 million shares or 1.43% less from 112.73 million shares in 2017Q3 were reported.
Jpmorgan Chase holds 0% of its portfolio in Microsemi Corporation (NASDAQ:MSCC) for 200,267 shares. Alexandria Cap Ltd Liability reported 49,005 shares. Cubist Systematic Strategies Limited Liability accumulated 14,317 shares. Tower Ltd Liability Corp (Trc) stated it has 0% of its portfolio in Microsemi Corporation (NASDAQ:MSCC). New Mexico Educational Retirement Board reported 28,600 shares. Voya Invest Limited Co reported 0.1% stake. 2 were reported by Focused Wealth Incorporated. Comerica State Bank holds 0.09% or 214,419 shares. Federated Invsts Pa, Pennsylvania-based fund reported 1.72 million shares. 31,896 were reported by Marshall Wace Limited Liability Partnership. Citigroup Inc holds 17,555 shares or 0% of its portfolio. Fort Washington Advsrs Inc Oh reported 201,609 shares. 1492 Cap Mgmt Ltd Liability Corp accumulated 17,982 shares or 0.72% of the stock. State Teachers Retirement Systems owns 0.02% invested in Microsemi Corporation (NASDAQ:MSCC) for 204,291 shares. Brant Point Investment Management Ltd Llc owns 166,600 shares.

Since December 8, 2017, it had 0 insider purchases, and 5 selling transactions for $1.03 million activity. The insider FOLINO PAUL F sold $302,717. Shares for $138,841 were sold by Goren David.

The stock of Microsemi Corporation (NASDAQ:MSCC) hit a new 52-week high and has $72.03 target or 5.00 % above today’s $68.60 share price. The 6 months bullish chart indicates low risk for the $8.09 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $72.03 price target is reached, the company will be worth $404.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.01% or $0.01 during the last trading session, reaching $68.6. About 1.40M shares traded. Microsemi Corporation (NASDAQ:MSCC) has risen 27.25% since May 17, 2017 and is uptrending. It has outperformed by 15.70% the S&P500.

Microsemi Corporation (NASDAQ:MSCC) Ratings Coverage

Among 11 analysts covering Microsemi (NASDAQ:MSCC), 0 have Buy rating, 0 Sell and 11 Hold. Therefore 0 are positive. Microsemi had 19 analyst reports since December 19, 2017 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, March 6 by PiperJaffray. The rating was downgraded by Stifel Nicolaus on Friday, March 2 to “Hold”. As per Wednesday, January 24, the company rating was maintained by Susquehanna. The company was maintained on Thursday, January 25 by KeyBanc Capital Markets. The stock has “Market Perform” rating by Wells Fargo on Friday, March 2. The company was downgraded on Friday, March 2 by Needham. The rating was maintained by SunTrust on Friday, January 26 with “Buy”. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, March 5. The stock has “Hold” rating by Susquehanna on Friday, March 2. The stock of Microsemi Corporation (NASDAQ:MSCC) has “Equal-Weight” rating given on Monday, March 5 by KeyBanc Capital Markets.

More important recent Microsemi Corporation (NASDAQ:MSCC) news were published by: Seekingalpha.com which released: “Beijing Approves Microchip Deal, Boding Well For Qualcomm-NXP” on May 17, 2018, also Streetinsider.com published article titled: “Microchip Technology (MCHP) Granted China Antitrust Clearance for Microsemi (MSCC) Acquisition”, Seekingalpha.com published: “Microsemi gains on reports of deal approval” on May 07, 2018. More interesting news about Microsemi Corporation (NASDAQ:MSCC) was released by: Digitaljournal.com and their article: “NASDAQ:MSCC Investor Alert: Lawsuit Filed Against Acquisition of Microsemi Corporation” with publication date: May 02, 2018.

Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company has market cap of $8.09 billion. The firm offers analog mixed-signal integrated circuits; field programmable gate arrays; system on chip solutions and application-specific integrated circuits; power management products; and timing and synchronization devices, and precise time solutions. It has a 39.47 P/E ratio. It also provides voice processing devices, radio frequency solutions, discrete components, enterprise storage and communication solutions, security technologies and scalable anti-tamper products, Ethernet solutions, and power-over-Ethernet integrated circuits and midspans, as well as custom design capabilities and services.

Microsemi Corporation (NASDAQ:MSCC) Institutional Positions Chart

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