Susquehanna Believes Microsemi (NASDAQ: MSCC) Won’t Stop Here

By Jason Carr

In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Microsemi (NASDAQ: MSCC), with a price target of $70. The company’s shares opened today at $54.59, close to its 52-week high of $57.97.

According to, Rolland is a 2-star analyst with an average return of 5.4% and a 60.0% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as International Rectifier, Advanced Micro Devices, and Integrated Device Tech.

Currently, the analyst consensus on Microsemi is Strong Buy and the average price target is $61.71, representing a 13.0% upside.

In a report issued on July 24, KeyBanc also initiated coverage with a Buy rating on the stock with a $61 price target.

Microsemi’s market cap is currently $6.2B and has a P/E ratio of 27.58. The company has a book value ratio of 3.3863.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.

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Microsemi Corp. designs, manufactures and markets analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance. The company products include radio frequency and power components, analog and RF integrated circuits, standard and customizable system-on-chip solutions, and mixed-signal and radiation-tolerant field programmable gate arrays. It also offers subsystems and modules that include application-specific power modules and Power-over-Ethernet midspans. Microsemi was founded in 1960 and is headquartered in Aliso Viejo, CA.