Microsemi Corporation (NASDAQ:MSCC) Offers More Stability than Peers Says Needham

Needham & Company continues to like Microsemi Corporation (NASDAQ:MSCC), saying they offer more stability than their peers in the sector.

Needham said, "As a diversified supplier of high reliability and analog/mixed-signal semiconductors into the defense, satellite, aerospace, industrial and communications markets, we believe Microsemi offers investors greater stability in revenue, earnings and cash flow than its peers and that its shares remain undervalued...We are maintaining our FY11 and FY12 revenue and non-GAAP EPS estimates of $815MM/$1.80 and $915MM/$2.30, respectively."

Needham & Company maintains a "Strong Buy" on Microsemi Corporation, which closed Monday at $22.74, down $0.07, or 0.31 percent. Needham raised their price target from $30 to $35.