Cantor Fitzgerald Starts Microsemi Corporation (MSCC) at Buy; The Top Gun in High-Reliability Semis

Cantor Fitzgerald initiates coverage on Microsemi Corporation (NASDAQ: MSCC) with a Buy. PT $25.00.

Cantor analyst says, "We believe Microsemi is a compelling "growth-at-a-reasonable-price" (GARP)/value story, as it is a consistent over-achiever with compelling multi-vector growth prospects. In addition to Microsemi's "fab-lite" opex rationalization efforts (fab closure and three recent EBITDA-accretive acquisitions), we believe the company is on the cusp of numerous silicon content (e.g., aerospace) and secular growth (e.g., body scanners) stories. Considering our macro uncertainty and increased pressure from catalog/cost (TXN) and integration (MXIM) leaders, we believe high performance and dominant analog "solution" suppliers such as MSCC, with its stellar execution record, visible end markets and compelling growth prospects, will garner a parity multiple (15x)."

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 $17.74 yesterday.

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