FBR Capital Maintains an 'Outperform' on Microsemi (MSCC); In-Line Results and Guidance As Organic Revenue Growth Returns
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Price: $68.74 --0%
Rating Summary:
2 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital maintains an 'Outperform' on Microsemi Corporation (NASDAQ: MSCC), PT $31.
FBR analyst says, "Stepping back, we remain positive on shares of MSCC and think they work toward $30 in calendar 2011, given (1) Microsemi's new margin model suggests more EPS growth is likely in coming quarters; (2) Microsemi's acquisition of Actel drives further EPS accretion and business opportunities not fully embedded in shares; (3) Microsemi is pursuing revenue growth initiatives in body scanners, anti-tamper, and GPS military devices; and (4) shares trade at only a 13x P/E (2011 including stock compensation)."
For more ratings news on Microsemi Corporation click here and for the rating history of Microsemi Corporation click here.
Shares of Microsemi Corporation closed at $22.76 yesterday.
FBR analyst says, "Stepping back, we remain positive on shares of MSCC and think they work toward $30 in calendar 2011, given (1) Microsemi's new margin model suggests more EPS growth is likely in coming quarters; (2) Microsemi's acquisition of Actel drives further EPS accretion and business opportunities not fully embedded in shares; (3) Microsemi is pursuing revenue growth initiatives in body scanners, anti-tamper, and GPS military devices; and (4) shares trade at only a 13x P/E (2011 including stock compensation)."
For more ratings news on Microsemi Corporation click here and for the rating history of Microsemi Corporation click here.
Shares of Microsemi Corporation closed at $22.76 yesterday.
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