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Last $33.00 USD
Change Today +0.17 / 0.52%
Volume 392.2K
MSCC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

microsemi corp (MSCC) Snapshot

Open
$32.83
Previous Close
$32.83
Day High
$33.15
Day Low
$32.59
52 Week High
03/20/15 - $37.41
52 Week Low
10/15/14 - $20.61
Market Cap
3.1B
Average Volume 10 Days
740.5K
EPS TTM
$0.99
Shares Outstanding
95.2M
EX-Date
12/19/86
P/E TM
33.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for MICROSEMI CORP (MSCC)

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microsemi corp (MSCC) Details

Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company offers radio frequency (RF) and power components, analog and RF integrated circuits, system-on-chip solutions, field programmable gate arrays, application-specific integrated circuits, power management products, timing and synchronization devices and precise time solutions, chip scale atomic clocks, voice processing devices, discrete components, security technologies, and scalable anti-tamper products. It also provides subsystems and modules that include application-specific power modules, and power-over-ethernet and midspans. The company’s products are used in applications, such as wireless and wired LAN systems, implantable pacemakers and defibrillators, missile systems, military and commercial satellites and aircrafts, oil field equipment, and airport security systems. It serves aerospace, communications, defense and security, and industrial markets. The company distributes its product directly, as well as through electronic component distributors and independent sales representatives. The company was formerly known as Microsemiconductor Corp and changed its name to Microsemi Corporation in March 1983. The company was founded in 1960 and is headquartered in Aliso Viejo, California.

3,400 Employees
Last Reported Date: 11/13/14
Founded in 1960

microsemi corp (MSCC) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $735.0K
President and Chief Operating Officer
Total Annual Compensation: $388.5K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $398.6K
Executive Vice President
Total Annual Compensation: $485.3K
Chief Strategy Officer and Executive Vice Pre...
Total Annual Compensation: $356.4K
Compensation as of Fiscal Year 2014.

microsemi corp (MSCC) Key Developments

Microsemi Corporation Presents at OCTANe's Technology Investor Forum, May-05-2015

Microsemi Corporation Presents at OCTANe's Technology Investor Forum, May-05-2015. Venue: Hotel Irvine, 17900 Jamboree Road, Irvine, California, United States. Presentation Date & Speakers: May-05-2015, Jim Aralis, Chief Technology Officer, Paul H. Pickle, President and Chief Operating Officer, Steven G. Litchfield, Chief Strategy Officer and Executive Vice President.

Microsemi Corporation Enters into Incremental Joinder Agreement with Bank of America, N.A

On April 28, 2015, Microsemi Corporation entered into an Incremental Joinder Agreement with respect to an incremental term A loan facility and incremental revolving facility under its existing Amended and Restated Credit Agreement dated as of October 13, 2011 (such Amended and Restated Credit Agreement as amended and supplemented prior to April 28, 2015, the Existing Credit Agreement), and as supplemented by the Incremental Joinder Agreement, the Credit Agreement), with Bank of America, N.A., as administrative agent and collateral agent, the other agents party thereto and the lenders referred to therein. The Incremental Joinder Agreement provides for, among other things, $325,000,000 of incremental term A loans, and incremental revolving commitments of $225,000,000. The Incremental Revolving Facility includes a $50,000,000 letter of credit subfacility and a $25,000,000 swingline loan facility. Interest under the Incremental Facilities is, at Microsemi's option, Base Rate or LIBOR, plus a margin. The initial margin for Base Rate borrowings is 1.00% and for LIBOR borrowings is 2.00%. Starting with the next full fiscal quarter, the margin will vary depending upon Microsemi's leverage ratio. The minimum margin for Base Rate borrowings will be 0.50% and the maximum will be 1.00%. The minimum margin for LIBOR borrowings will be 1.50% and the maximum will be 2.00%. The Credit Agreement also requires the Company to pay a commitment fee for the unused portion of the Incremental Revolving Facility, which will be a minimum of 0.25% and a maximum of 0.35%, depending on the Company's leverage ratio. Interest for Base Rate-based loans is calculated on the basis of a 365/366-day year and interest for LIBOR-based loans is calculated on the basis of a 360-day year. The Incremental Term A Facility requires quarterly principal payments in an amount equal to 2.5% of the aggregate principal amount of the loans made under the Incremental Term A Facility on April 28, 2015. The maturity date for the Incremental Facilities is August 19, 2019.

Microsemi Corporation Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 29, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

Microsemi Corporation unaudited consolidated earnings results for the second quarter and six months ended March 29, 2015. For the quarter, the company reported net sales of $296.2 million against $287.0 million a year ago. Operating income was $35.4 million against $7.3 million a year ago. Income before taxes was $29.1 million against loss before taxes of $1.5 million a year ago. Net income was $24.9 million against net loss of $6.8 million a year ago. Diluted earnings per share were $0.26 against diluted loss per share of $0.07 a year ago. Non-GAAP net income was a record $63.8 million compared to $47.7 million for the second quarter of 2014. Non-GAAP diluted earnings per share were $0.67 against $0.51 a year ago. Non-GAAP operating income was $75.8 million against $59.3 million a year ago. Operating and free cash flow was a record of $69.5 million and $58.2 million, respectively. Capital spending was $11.3 million in the second quarter compared to $13.1 million in the prior quarter. For the six months, the company reported net sales of $599.8 million against $542.6 million a year ago. Operating income was $65.1 million against $14.5 million a year ago. Income before taxes was $52.2 million against loss before taxes of $2.2 million a year ago. Net income was $44.6 million against net loss of $5.4 million a year ago. Diluted earnings per share were $0.47 against diluted loss per share of $0.06 a year ago. Non-GAAP net income was $125.7 million compared to $90.6 million for the second quarter of 2014. Non-GAAP diluted earnings per share were $1.32 against $0.97 a year ago. Non-GAAP operating income was $150.8 million against $123.4 million a year ago. The company currently expects net sales in the third quarter of fiscal year 2015 to be $302 million, plus or minus 2%, and expects non-GAAP diluted earnings per share of between $0.67 and $0.71. The company expects non-GAAP effective tax rate is remains approximately 8.5%. The company estimates that non-GAAP interest and other expense for the third quarter of 2015 will be flat. The company expects capital spending of approximately $12 million as it invests in additional capacity at its foundry partners to serve increasing demand in the fourth quarter and beyond. The company currently expects mix to moderate next quarter and guiding gross margins between 56.4% and 57.1%. The company goal is to hit 60% gross margins at a quarterly run rate of $325 million. It is still on plan for this objective. Depreciation and amortization expense is to be similar as second quarter. The company now expects its annual capital spending budget to be approximately $50 million to support increased to support incremental customer demand.

 

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MSCC Competitors

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Atmel Corp $7.54 USD +0.06
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Industry Analysis

MSCC

Industry Average

Valuation MSCC Industry Range
Price/Earnings 43.1x
Price/Sales 2.6x
Price/Book 2.7x
Price/Cash Flow 18.8x
TEV/Sales 1.8x
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