Microsemi (NASDAQ:MSCC) Price Target Upgraded

In a research note sent to clients and investors by Raymond James on Friday, 29 January, Microsemi (NASDAQ:MSCC) had its price target cut to $40.00. The firm right now has Strong Buy rating on the Stock.

The target decrease is noticed by stock investors, as NASDAQ:MSCC is currently trading -1.17% lower at $31.33 as of 10:17 New York time. Microsemi’s stock is down -10.91% over the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has decreased -7.90% over the same time.

According to data compiled by Thomson Reuters, Microsemi (NASDAQ:MSCC)’s stock is covered by 12 equity analysts across the Street, with 0 analysts giving it a Sell rating, 11 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $44.17, which reflects an upside potential of 40.98% over the current price.

NASDAQ:MSCC Price Chart & Trend

The stock price of Microsemi has declined 10.91% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Microsemi is down 12.31% and up 0.44%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Microsemi (NASDAQ:MSCC) Profile

Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemi’s products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs), field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans. The principal end markets that its serves include aerospace, communications, defense and security, and industrial.

Microsemi (NASDAQ:MSCC) traded down -1.17% on 29 January, hitting $31.33. A total of 1.57 million shares of the company’s stock traded hands. This is down from average of 1.80 million shares. Microsemi has a 52 week low of $27.44 and a 52 week high of $39.56. The company has a market cap of $3.01 billion and a P/E ratio of 33.86.

Get the latest Microsemi (NASDAQ:MSCC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Microsemi (NASDAQ:MSCC) Had Its Price Target Lowered by 6.98 % at Raymond James to $40.00 appeared first on Octafinance.