Revenue Update on Microsemi Corporation(NASDAQ:MSCC)

Microsemi Corporation(NASDAQ:MSCC) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $431.40M. Analysts estimated a revenue of $430.21M. Earnings per share were $0.73. Analysts had estimated an EPS of $0.72.

Microsemi Corporation (MSCC) made into the market gainers list on Thursdays trading session with the shares advancing 0.26% or 0.1 points. Due to strong positive momentum, the stock ended at $38.4, which is also near the day’s high of $38.71. The stock began the session at $38.25 and the volume stood at 7,12,937 shares. The 52-week high of the shares is $39.56 and the 52 week low is $28.24. The company has a current market capitalization of $4,343 M and it has 11,31,07,464 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, Steven G Litchfield (EVP & Chief Strategy Officer) purchased 15,750 shares at $31.91 per share price.Also, On Mar 23, 2016, William L Healey (director) sold 2,500 shares at $37.28 per share price.On Mar 2, 2016, Frederick C Goerner (Exec VP Worldwide Sales & Mktg) sold 4,000 shares at $35.72 per share price, according to the Form-4 filing with the securities and exchange commission.

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. 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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