Microsemi Corporation (MSCC) 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 companys 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.
Shares have formed a bullish "cup and handle" ahead of its quarterly results on April 23rd. Higher share prices are expected for this stock.
PS: A dirctor recently sold 3,000 shares at $34.85 per share!
Entry Point: $35.40
52-Weeks Trading Range: $20.61 - $37.41
Stop Loss: $33.65
Target: $39.00
MSCC fell below the stop loss. Closed at $32.85.