Microsemi (MSCC): Raising PT On Share Gains And Defense Traction - Mizuho

August 22, 2016 8:59 AM EDT
Get Alerts MSCC Hot Sheet
Price: $55.47 +1.65%

Rating Summary:
    11 Buy, 4 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Mizuho Securities analyst, Vijay Rakesh, reiterated his Buy rating on shares of Microsemi Corporation (NASDAQ: MSCC) after conversations at FMS 2016 indicated that MSCC has been gaining traction with NVMe at Hynix, Micron and Toshiba. He also believes that defense/ aerospace spending could remain a tailwind into 2017.

Another positive may be a recently announced CEO compensation plan with significantly higher stock appreciation levels, which could be a positive for shareholders (it worked well at AVGO). The PT goes to $46 from $42.

price target of $46.00 (from $42.00)

For an analyst ratings summary and ratings history on Microsemi Corporation click here. For more ratings news on Microsemi Corporation click here.

Shares of Microsemi Corporation closed at $40.10 yesterday.

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