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Microsemi Corporation

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Microsemi Corporation is an OEM of a broad range of high-reliability and analog/mixed signal integrated circuits.  The company's second-quarter fiscal 2017 results beat the Zacks Consensus Estimate on both counts. The company’s focus on improving product mix, operational efficiency, and consolidation are driving revenues and margins through 2017. Moreover, we have confidence in the company’s strategic positioning, strong fundamentals and growth prospects. Microsemi’s scope for margin expansion and decent balance sheet are the other positives. However, pockets of weakness related to product transition at medical customers, push-out of some communications spending in China and a softer oil & gas market continue to impact revenues. Over the last one year, the stock has outperformed the Zacks characterised Semi-Analog and Mixed industry.

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