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Actionable news in MSCC: Microsemi Corporation,

Microsemi Picks Up on Sales Outlook, M&A Possibilities

Chipmaker Microsemi Corp. (MSCC) earned an upgrade from Goldman Sachs & Co. in part because of a positive sales outlook and its low stock price. However, Goldman's Mark Delaney also raised Microsemi to a buy because of the likelihood that the company could be a target for an acquisition.

Microsemi makes chips for aerospace, defense, communications, data center and industrial customers. Shares of the company gained 1.2% to $47.89 on Thursday, a day after the report...