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January 25, 2013
08:21 EDTMSCCMicrosemi shares should be bought, says Stifel Nicolaus
After Microsemi reported weaker than expected Q1 results and provided lower than expected Q2 EPS guidance, Stifel believes that Q2 is likely the trough for the company. The firm expects the company to resume growing in the June quarter and it maintains a Buy rating on the stock.
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July 23, 2015
16:19 EDTMSCCMicrosemi announces second $100M stock repurchase program
Microsemi announced its Board of Directors has authorized a new share buyback plan for the repurchase of up to $100M of the company's common stock. The timing and amount of repurchase transactions under this program will depend on market conditions and corporate and regulatory decisions, as well as the completion of Microsemi's existing $100M share buyback program previously announced on September 10, 2014, under which the company has purchased approximately $60.5M in company stock through July 23, 2015. The purchases for both programs will be funded from available working capital.
16:18 EDTMSCCMicrosemi sees Q4 adjusted EPS 71c-75c, consensus 73c
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16:16 EDTMSCCMicrosemi reports Q3 adjusted EPS 68c, consensus 68c
Reports Q3 revenue $317.1M, consensus $305.06M. Non-GAAP gross margin was 57% for the third quarter of 2015 and improved 100 basis points from 56% reported in the third quarter of 2014.

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