Teachers Retirement System of The State of Kentucky Has $7.69 Million Holdings in Microsemi Corporation (MSCC)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Microsemi Corporation (NASDAQ:MSCC) by 2.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 149,441 shares of the semiconductor company’s stock after selling 3,636 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.13% of Microsemi worth $7,693,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trexquant Investment LP grew its stake in shares of Microsemi by 0.4% in the second quarter. Trexquant Investment LP now owns 7,800 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 34 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Microsemi by 1.0% during the second quarter. Pacer Advisors Inc. now owns 14,718 shares of the semiconductor company’s stock valued at $689,000 after buying an additional 141 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Microsemi by 1.6% during the second quarter. Teacher Retirement System of Texas now owns 9,184 shares of the semiconductor company’s stock valued at $430,000 after purchasing an additional 145 shares during the last quarter. Campbell Newman Asset Management Inc. lifted its holdings in shares of Microsemi by 4.7% during the second quarter. Campbell Newman Asset Management Inc. now owns 6,234 shares of the semiconductor company’s stock valued at $292,000 after purchasing an additional 281 shares during the last quarter. Finally, Reliant Investment Management LLC lifted its holdings in shares of Microsemi by 0.5% during the second quarter. Reliant Investment Management LLC now owns 61,075 shares of the semiconductor company’s stock valued at $2,858,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 97.54% of the company’s stock.

Microsemi Corporation (NASDAQ MSCC) opened at $51.37 on Wednesday. The stock has a market capitalization of $6,014.94, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.15 and a beta of 1.14. Microsemi Corporation has a 52 week low of $46.08 and a 52 week high of $57.97. The company has a quick ratio of 1.29, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Microsemi (NASDAQ:MSCC) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.01. The company had revenue of $475.30 million for the quarter, compared to analyst estimates of $474.97 million. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. equities research analysts predict that Microsemi Corporation will post 3.57 EPS for the current year.

Several equities research analysts recently issued reports on MSCC shares. Zacks Investment Research raised Microsemi from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, September 26th. BidaskClub downgraded Microsemi from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Oppenheimer reissued a “hold” rating on shares of Microsemi in a report on Friday, November 10th. KeyCorp reissued a “buy” rating and set a $62.00 price objective on shares of Microsemi in a report on Friday, October 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $61.00 price objective on shares of Microsemi in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.11.

In other news, COO Paul H. Pickle sold 69,482 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $53.71, for a total value of $3,731,878.22. Following the completion of the transaction, the chief operating officer now directly owns 88,512 shares in the company, valued at approximately $4,753,979.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Paul H. Pickle sold 14,746 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $52.48, for a total value of $773,870.08. The disclosure for this sale can be found here. Insiders sold 233,553 shares of company stock worth $12,462,747 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

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Microsemi Profile

Microsemi Corporation is a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance. The Company offers a portfolio of semiconductor and system solutions for aerospace and defense, communications, data center and industrial markets.

Institutional Ownership by Quarter for Microsemi (NASDAQ:MSCC)

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