RBC Capital Raises Price Target on Microsemi (MSCC) Following 3Q Beat
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Microsemi Reports Third Quarter 2016 Results
July 28, 2016 4:02 PM EDTALISO VIEJO, Calif., July 28, 2016 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today reported unaudited results for its third quarter of fiscal year 2016 ended July 3, 2016.
Net sales for Microsemi's third quarter of fiscal year 2016 were $431.4 million, up 36.0 percent from $317.1 million in the third quarter of 2015.
GAAP gross margin for the third quarter of 2016 was a record 61.9 percent, up 760 basis points compared to 54.3... More
