Today’s Stock Alert: Is Buying 52-Week Stock Like Microsemi Corporation a Winning Strategy?

Today's Stock Alert: Is Buying 52 Week Stock Like Microsemi Corporation a Winning Strategy?

The stock of Microsemi Corporation (NASDAQ:MSCC) hit a new 52-week high and has $80.24 target or 57.00% above today’s $51.11 share price. The 7 months bullish chart indicates low risk for the $5.77 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $80.24 price target is reached, the company will be worth $3.29 billion 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. About 3.69M shares traded hands or 147.65% up from the average. Microsemi Corporation (NASDAQ:MSCC) has risen 28.38% since April 11, 2016 and is uptrending. It has outperformed by 22.23% the S&P500.

Microsemi Corporation (NASDAQ:MSCC) Ratings Coverage

Out of 14 analysts covering Microsemi (NASDAQ:MSCC), 13 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 93% are positive. Microsemi has been the topic of 23 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, August 10. Drexel Hamilton downgraded Microsemi Corporation (NASDAQ:MSCC) on Monday, August 24 to “Buy” rating. The company was upgraded on Friday, January 29 by Wells Fargo. RBC Capital Markets maintained it with “Outperform” rating and $45 target price in Friday, November 6 report. The rating was initiated by Deutsche Bank with “Buy” on Tuesday, November 8. The firm earned “Positive” rating on Tuesday, September 20 by Susquehanna. The rating was maintained by Stifel Nicolaus on Friday, September 9 with “Buy”. As per Monday, August 3, the company rating was initiated by RBC Capital Markets. The firm has “Buy” rating given on Thursday, January 14 by SunTrust. The rating was maintained by Topeka Capital Markets on Friday, April 29 with “Buy”.

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 turned 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.
Raymond James Financial Services Advisors Incorporated holds 0% of its portfolio in Microsemi Corporation (NASDAQ:MSCC) for 9,222 shares. Commercial Bank Of New York Mellon Corporation has 0.02% invested in the company for 2.14M shares. The New York-based Seven Eight Cap Ltd Liability Company has invested 0.04% in Microsemi Corporation (NASDAQ:MSCC). State Treasurer State Of Michigan, a Michigan-based fund reported 45,400 shares. Cetera Advisors Lc has invested 0.02% of its portfolio in Microsemi Corporation (NASDAQ:MSCC). Blackrock Fund Advsrs holds 0.04% or 5.99M shares in its portfolio. Louisiana State Employees Retirement Systems accumulated 0.05% or 30,100 shares. First Republic Investment Management last reported 0.02% of its portfolio in the stock. Emerald Mutual Fund Advisers Trust has 1.12% invested in the company for 612,579 shares. Gerstein Fisher last reported 9,937 shares in the company. American Financial Group Inc Inc owns 9,699 shares or 0.02% of their US portfolio. Tributary Mgmt Limited Liability accumulated 1.14% or 239,781 shares. Ameriprise Incorporated last reported 0.08% of its portfolio in the stock. Westfield Capital Mngmt Lp last reported 0.48% of its portfolio in the stock. Creative Planning owns 658 shares or 0% of their US portfolio.

Insider Transactions: Since May 16, 2016, the stock had 1 buy, and 13 sales for $6.31 million net activity. On Wednesday, October 5 the insider HOHENER JOHN W sold $855,994. Pickle Paul H sold $227,313 worth of stock or 5,903 shares. On Wednesday, October 5 Goren David sold $611,705 worth of the stock or 14,603 shares. Another trade for 4,659 shares valued at $176,814 was made by Goerner Frederick C on Thursday, October 20. The insider FOLINO PAUL F sold 1,500 shares worth $59,703. Shares for $498,102 were sold by PETERSON JAMES J on Thursday, October 13. LITCHFIELD STEVEN G bought 15,750 shares worth $502,520.

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.

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.

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