Could Microsemi Corporation Change Direction After Today’s Bullish Options Activity?

 Could Microsemi Corporation Change Direction After Today's Bullish Options Activity?

In today’s session Microsemi Corporation (MSCC) registered an unusually high (1,416) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MSCC increase. With 1,416 contracts traded and 20924 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MSCC161118C00040000 closed last at: $9.3 or 190.6% up. About 378,592 shares traded hands. Microsemi Corporation (NASDAQ:MSCC) has risen 24.37% since April 5, 2016 and is uptrending. It has outperformed by 22.42% the S&P500.

Microsemi Corporation (NASDAQ:MSCC) Ratings Coverage

Out of 13 analysts covering Microsemi (NASDAQ:MSCC), 12 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. $50 is the highest target while $37 is the lowest. The $45.43 average target is -3.32% below today’s ($46.99) stock price. Microsemi has been the topic of 21 analyst reports since August 3, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, November 6 report. On Friday, January 29 the stock rating was maintained by Topeka Capital Markets with “Buy”. The company was maintained on Monday, January 25 by Needham. The stock has “Buy” rating given by Drexel Hamilton on Monday, August 24. Topeka Capital Markets maintained Microsemi Corporation (NASDAQ:MSCC) rating on Friday, November 6. Topeka Capital Markets has “Buy” rating and $45 price target. The stock of Microsemi Corporation (NASDAQ:MSCC) has “Buy” rating given on Wednesday, October 14 by Mizuho. RBC Capital Markets maintained the shares of MSCC in a report on Monday, August 10 with “Outperform” rating. The stock has “Buy” rating given by Suntrust Robinson on Thursday, January 14. The firm has “Buy” rating given on Monday, August 22 by Mizuho. The rating was upgraded by Wells Fargo on Friday, January 29 to “Outperform”.

According to Zacks Investment Research, “Microsemi Corp. is a leading designer, manufacturer and marketer of analog, mixed-signal and discrete semiconductors. The company’s semiconductors manage and regulate power, protect against transient voltage spikes and transmit, receive and amplify signals. The company’s products include individual components as well as complete circuit solutions that enhance our customers’ end products by providing battery optimization, reducing size or protecting circuits. (PRESS RELEASE)”

Insitutional Activity: The institutional sentiment decreased to 1.38 in 2016 Q2. Its down 0.26, from 1.64 in 2016Q1. The ratio is negative, as 30 funds sold all Microsemi Corporation shares owned while 75 reduced positions. 36 funds bought stakes while 109 increased positions. They now own 119.08 million shares or 2.64% more from 116.01 million shares in 2016Q1.
Channing Cap Ltd Liability Corporation, a Illinois-based fund reported 1.58M shares. D E Shaw has 0% invested in the company for 49,385 shares. Symphony Asset Mngmt Limited Co last reported 0.06% of its portfolio in the stock. The Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0.01% in Microsemi Corporation (NASDAQ:MSCC). Van Eck Assocs Corp holds 104,584 shares or 0.02% of its portfolio. Moreover, Federated Invsts Inc Pa has 0.19% invested in Microsemi Corporation (NASDAQ:MSCC) for 1.95 million shares. Gam Ag holds 0.01% or 10,500 shares in its portfolio. Aqr Mngmt Limited Liability Co last reported 22,706 shares in the company. Moreover, Advisory Serv Ltd Liability Corp has 0% invested in Microsemi Corporation (NASDAQ:MSCC) for 79 shares. Moreover, Monarch Asset Mngmt Ltd Llc has 1.45% invested in Microsemi Corporation (NASDAQ:MSCC) for 442,143 shares. Grisanti Capital Management Limited Liability Corporation owns 2,000 shares or 0.04% of their US portfolio. Envestnet Asset Mngmt Inc last reported 14,096 shares in the company. Gsa Cap Llp holds 0.02% or 10,178 shares in its portfolio. Da Davidson & reported 878 shares or 0% of all its holdings. The Minnesota-based Walleye Trading Ltd Liability Corporation has invested 0% in Microsemi Corporation (NASDAQ:MSCC).

Insider Transactions: Since May 16, 2016, the stock had 1 buying transaction, and 12 selling transactions for $6.02 million net activity. $1.05M worth of shares were sold by Pickle Paul H on Wednesday, October 5. Goerner Frederick C sold $275,694 worth of stock or 6,958 shares. HOHENER JOHN W also sold $855,994 worth of Microsemi Corporation (NASDAQ:MSCC) on Wednesday, October 5. Goren David sold 3,453 shares worth $132,968. PETERSON JAMES J sold $498,102 worth of stock. LITCHFIELD STEVEN G bought $502,520 worth of stock. Shares for $59,703 were sold by FOLINO PAUL F on Thursday, August 18.

Microsemi Corporation is a designer, maker and marketer of high-performance analog and mixed-signal semiconductor solutions. The company has a market cap of $5.32 billion. 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. It currently has negative earnings. The principal end markets that its serves include aerospace, communications, defense and security, and industrial.

MSCC Company Profile

Microsemi Corporation (Microsemi), incorporated on September 27, 1960, is a designer, maker and marketer of high-performance analog and mixed-signal semiconductor solutions. The Company’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, as well as custom design capabilities and services.

Another recent and important Microsemi Corporation (NASDAQ:MSCC) news was published by Fool.com which published an article titled: “Why Microsemi Corporation Stock Jumped” on November 03, 2016.

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