Analyst Price Target Update on Microsemi Corporation (NASDAQ:MSCC)

Microsemi Corporation (NASDAQ:MSCC): The mean short term price target for Microsemi Corporation (NASDAQ:MSCC) has been established at $43.56 per share. The higher price target estimate is at $50 and the lower price target estimate is expected at $30 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $6.09

For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (EVP & Chief Strategy Officer) of Microsemi Corp, Litchfield Steven G had purchased shares worth of $502,583 in a transaction dated on May 16, 2016. A total of 15,750 shares were purchased at a price of $31.91 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Microsemi Corporation (NASDAQ:MSCC) : On Monday heightened volatility was witnessed in Microsemi Corporation (NASDAQ:MSCC) which led to swings in the share price. The stock opened for trading at $33.12 and hit $34.09 on the upside , eventually ending the session at $33.8, with a gain of 1.44% or 0.48 points. The heightened volatility saw the trading volume jump to 1,148,297 shares. The 52-week high of the share price is $39.56 and the company has a market cap of $3,823 million. The 52-week low of the share price is at $28.24 .

Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemis 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. Its products are found in various applications, such as communications infrastructure systems; military and commercial satellites and aircrafts, oil field equipment, and airport security systems.

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