Will This Upgrade Help Microsemi (MSCC) Stock Today?

NEW YORK (TheStreet) -- Microsemi Corp. (MSCC) was upgraded to "buy" from "neutral" at Goldman Sachs (GS) on Monday.

The firm said it raised its rating on the company, which designs, manufactures, and markets analog and mixed signal semiconductor solutions, based on a valuation call, and the company's appealing late cycle exposure.

Goldman raised its price target on Microsemi to $30 from $26.

Must ReadWarren Buffett's 25 Favorite Stocks 

TheStreet Ratings team rates MICROSEMI CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICROSEMI CORP (MSCC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

If you liked this article you might like

Microsemi Picks Up on Sales Outlook, M&A Possibilities

A Long and Short Semiconductor Trade

These Companies May Be the Next Big Semiconductor Merger Targets

Why Macom's AppliedMicro Circuits Deal Could Benefit Intel