Microsemi (MSCC) Could See an Active Bidding War in Sale - Source

Maxim Integrated Products (MXIM) PT Raised to $67 at Susquehanna on Earnings Report; 'Strong Outlook as Distribution Tailwinds Continue'

Susquehanna raised its price target on Maxim Integrated Products (NASDAQ: MXIM) to $67.00 (from $58.00) while maintaining a Positive rating, following the company's quarterly earnings report.

Analyst Christopher Rolland notes a positive outlook on the shares, as the company reported quarterly revenues above consensus projections driven... More

Microsemi Corporation (MSCC) PT Raised to $70 at Wells Fargo on 1Q Report; 'Growing Defense, Integrating Acquisitions'

Wells Fargo raised its price target on Microsemi Corporation (NASDAQ: MSCC) to $70.00 (from $65.00) while maintaining a Outperform rating, following the company's first quarter earnings report.

Analyst David Wong notes a positive outlook on the shares, as the company reported first quarter revenues above... More

Maxim Integrated Products (MXIM) Raises Quarterly Dividend 16.7% to $0.42; 3% Yield

Maxim Integrated Products (NASDAQ: MXIM) declared a quarterly dividend of $0.42 per share, or $1.68 annualized. This is a 16.7% increase from the prior dividend of $0.36.

The dividend will be payable on March 15, 2018, to stockholders of record on March 1, 2018, with an ex-dividend date of February 28,... More

Maxim Integrated Products (MXIM) Reports In-Line Q2 EPS, Beats on Revenues; Offers Q3 EPS/Revenue Outlook Above Consensus

Maxim Integrated Products (NASDAQ: MXIM) reported Q2 EPS of $0.65, in-line with the analyst estimate of $0.65. Revenue for the quarter came in at $623 million versus the consensus estimate of $620.49 million.

Business Outlook

The Company's 90-day backlog at the beginning of the March 2018 quarter was... More

Xilinx (XLNX) PT Raised to $70 at Susquehanna as Bitcoin Drives Upside

Susquehanna raised its price target on Xilinx (NASDAQ: XLNX) to $70.00 (from $65.00) while maintaining a Neutral rating following the company's 3Q earnings report. Xilinx posted slightly better than expected results and guidance, driven in part by stronger than expected crypto-related FPGA... More

Xilinx (XLNX) PT Raised to $70 at BofA/Merrill Lynch on 3Q Report; 'Modest Beat Drive Mostly by Unsustainable Crypto Sales'

BofA/Merrill Lynch raised its price target on Xilinx (NASDAQ: XLNX) to $70.00 (from $61.00) while maintaining a Underperform rating, following the company's third quarter earnings report.

Analyst Vivek Arya notes a positive outlook on the shares, as the company reported third quarter revenues above consensus... More

Microsemi (MSCC): $70 Takeover Price Seen Based on CEO Vesting Schedule - Needham

Needham & Company analyst N. Quinn Bolton weighed in on Corporation (NASDAQ: MSCC) amid reports the company hired Qatalyst Partners to explore options including a potential sale after receiving a takeover approach.

"While we have no direct knowledge of the matter, we believe it is... More

Pre-Open Stock Movers 01/24: (SRT) (CERS) (SPI) Higher; (PBYI) (SIGM) (MRCY) Lower (more...)

Pre-Open Stock Movers

StarTek (NYSE: SRT) 35% HIGHER; The company and Amazon.com, Inc. (NASDAQ: AMZN) entered into a Transaction Agreement, pursuant to which the Company agreed to issue to Amazon.com NV Investment Holdings LLC, a wholly owned subsidiary of Amazon, a warrant to acquire up to 4,000,000 shares of the Companys common stock, par value $0.01 per share, subject to certain vesting events described below. The Company and Amazon entered into the Transaction Agreement in connection with existing commercial arrangements between the... More

Microsemi (MSCC) is Exploring Options, Including Sale - Reuters (Yesterday)

Microsemi (NASDAQ: MSCC) is exploring options, including a sale, after receiving a takeover approach, according to a report from Reuters after the market close yesterday. The report said Microsemi hired Qatalyst Partners.

The Reuters report following a rumor that first surfaced on DealReporter.

New Microsemi (MSCC) Takeover Speculation Makes Sense, $75 Price Tag 'Reasonable' - Susquehanna

Susquehanna analyst Christopher Rolland weighed in on renewed takeover speculation surrounding Microsemi Corporation (NASDAQ: MSCC).

Rolland highlighted that during the companys 2016 Analyst Day, managements response to a question on M&A was In the semiconductor world today, youre buying 'til youre... More

UPDATE: Microsemi (MSCC) on Watch Amid Rumors It's Exploring Sale

(Updated - January 23, 2018 3:46 PM EST)

Microsemi (NASDAQ: MSCC) gained Tuesday on rumors the company is exploring a sale. According to DealReporter, Microsemi is working with a bank on the potential sale.