MSCC: Microsemi Corporation Instablogs

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Thursday, April 25, 5:05 PM Microsemi (MSCC): Q1 EPS of $0.43 beats by $0.03. Revenue of $235.3M beats by $2.34M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, January 24, 5:38 PM Microsemi (MSCC): FQ1 EPS of $0.5 misses by $0.02. Revenue of $247.6M misses by $4.5M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, November 29, 2012, 10:04 AM Analog chipmaker Semtech (SMTC +13.8%) has soared and is near its 52-week high after soundly beating FQ3 estimates and guiding for FQ4 revenue of $146M-$152M vs. a $147.6M consensus, pleasing investors on edge over troubles faced by peers. Semtech's gross margin rose 970 bps Q/Q to 59.2%, and is expected to be in the range of 58.3%-58.9% in seasonally weak FQ4. Micrel (MCRL +2.9%), Microsemi (MSCC +2.9%), and Intersil (ISIL +1.6%) might be rallying in sympathy. Comment! [Tech, Earnings, On the Move]
Friday, November 9, 2012, 5:45 PM After-hours top gainers, as of 5:15 p.m.: MYRX +23.5%. NXTM +6.5%. BGCP +5.4%. IO +5.3%. MSCC +4.7%.
After-hours top losers: STSI -10.2%. PEGA -7.5%. ENR -7%. WG -6.7%. EXEL -6%. 1 Comment [On the Move]
Friday, November 9, 2012, 10:34 AM Analog chipmakers Diodes (DIOD -7%) and Microsemi (MSCC -5%) are heading south following their Q3 reports (I, II). Though Diodes' Q4 revenue guidance ($160M-$167M vs. $164M consensus) was in-line, its gross margin forecast of 23%-27% is underwhelming, given the midpoint is below Q3's 26.2%. Microsemi is guiding for Q4 revenue of $262M-$268M and EPS of $0.57-$0.60, mostly below a consensus of $268.1M and $0.60. The chip industry remains mired in a slump. (Diodes PR) (Microsemi PR) Comment! [Tech, Earnings, On the Move]
Thursday, July 26, 2012, 6:11 PM Microsemi (MSCC): FQ3 EPS of $0.55 beats by $0.02. Revenue of $259.2M (+19.6% Y/Y) beats by $0.55M. (PR) Comment! [Earnings, Tech]
Wednesday, April 25, 2012, 5:55 PM Microsemi (MSCC): FQ2 EPS of $0.46 in-line. Revenue of $249M (+20.1% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Thursday, January 26, 2012, 5:35 PM Microsemi (MSCC): FQ1 EPS of $0.39 in-line. Revenue of $240.9M (+30.6% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Monday, January 9, 2012, 11:17 AM FBR's Craig Berger cuts estimates for chip companies BRCM, ATML, MSCC, MXIM, IRF and ONNN, “given industry business dynamics have gotten slightly worse over the past couple of months.” But although inventory is still being cleared by distributors, Berger sees Q1 as the "trough," with better times ahead as 2012 brings inventory replenishment. SOXX +1.3%. Comment! [Tech]
Friday, December 2, 2011, 1:26 PM Analog Devices (ADI +0.6%) receives an upgrade to Buy from Sterne Agee's Vijay Rakesh. Rakesh thinks distributor inventories are bottoming, and expects orders from industrial and telecom customers to start rebounding soon. He also likes the firm's management and 2.8% dividend yield. Other chipmakers with industrial/telecom exposure: FSL, LLTC, MXIM, MSCC, MCHP. (FQ4 report) Comment! [Tech, Quick Ideas]
Friday, November 11, 2011, 2:35 PM Analog chipmaker Microsemi (MSCC +4.4%) rises after reporting FQ4 revenue of $227.3M (+50% Y/Y) and EPS of $0.52; the former beat by $0.9M, while the latter was in-line. Thanks to the impact of the Zarlink acquisition, as well as Thai flooding, Microsemi is guiding for FQ1 revenue of $238M-$246M ($226.7M consensus) and EPS of $0.38-$0.42 ($0.52 consensus). (transcript) Comment! [Tech, Earnings, On the Move]
Tuesday, October 11, 2011, 5:03 PM Oppenheimer's Rick Schafer isn't fazed by the Q3 warnings issued by chipmakers, or by predictions of a major inventory correction (I, II). While expecting one more round of guidance cuts, Schafer expects beaten-down chip stocks to rally on "not-as-bad-as-feared Q4 guidance." His favorite chipmakers: BRCM, TXN, NVDA, MSCC, SMTC. 2 Comments [Tech, Quick Ideas]
Thursday, September 22, 2011, 9:53 AM Microsemi (MSCC -4.1%) has prevailed in its efforts to acquire Zarlink Semiconductor (ZLKKF.PK), after raising its offer price to CAD $3.98/share, 19% above a hostile bid price of CAD $3.35/share. Microsemi will pay for the $525M deal in cash, and expects it to be accretive to its FY12 EPS by $0.24-$0.26. Comment! [Tech, M&A, On the Move]
Friday, September 2, 2011, 4:27 PM Microsemi (MSCC) may abandon its hostile bid for Zarlink Semiconductor (ZLKKF.PK), now that Zarlink shares are trading 9% above Microsemi's offer price of C$3.35. Zarlink claims to be in talks with 15 interested parties about a buyout; analysts name INTC, TXN, and QCOM as potential suitors, given Zarlink's wireless medical chip technology. Comment! [Tech, M&A]
Wednesday, August 17, 2011, 3:57 PM Microsemi (MSCC) has formally commenced its CAD $3.35/share hostile bid for Canada's Zarlink Semiconductor (ZLKKF.PK). Zarlink has issued a statement rebuffing Microsemi's offer as "inadequate and opportunistic." Its shares are currently trading at CAD $3.61 on the Toronto exchange, suggesting investors expect a higher bid to be made. Comment! [Tech, M&A]
Friday, July 29, 2011, 4:10 PM Microsemi (MSCC) recorded a 3.3% gain after reporting FQ3 revenue and non-GAAP EPS of $216.7M (+59% Y/Y, boosted by the Actel acquisition) and $0.49, beating a consensus of $216.1M and $0.48. Microsemi expects FQ4 EPS of $0.52-$0.54, above a $0.52 consensus, as it continues to pursue its hostile bid for Zarlink (ZLKKF.PK) Comment! [Tech, Earnings, On the Move]

MSCC Microsemi Corporation

MSCC

Microsemi Corporation