Alyeska Investment Group L.P. raised its position in shares of Microsemi Co. (NASDAQ:MSCC) by 188.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,882 shares of the semiconductor company’s stock after purchasing an additional 148,289 shares during the quarter. Alyeska Investment Group L.P. owned 0.20% of Microsemi worth $11,680,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. First Republic Investment Management Inc. increased its stake in shares of Microsemi by 3.1% in the third quarter. First Republic Investment Management Inc. now owns 73,087 shares of the semiconductor company’s stock worth $3,762,000 after acquiring an additional 2,231 shares during the last quarter. Simcoe Capital Management LLC acquired a new position in shares of Microsemi in the third quarter worth $7,479,000. Royce & Associates LP increased its stake in shares of Microsemi by 1.7% in the third quarter. Royce & Associates LP now owns 511,058 shares of the semiconductor company’s stock worth $26,309,000 after acquiring an additional 8,500 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Microsemi in the third quarter worth $3,087,000. Finally, OxFORD Asset Management LLP increased its stake in shares of Microsemi by 96.2% in the third quarter. OxFORD Asset Management LLP now owns 64,190 shares of the semiconductor company’s stock worth $3,299,000 after acquiring an additional 31,481 shares during the last quarter. 97.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Microsemi Co. (MSCC) opened at $51.17 on Tuesday. The stock has a market cap of $6,000.00, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.14 and a beta of 1.14. Microsemi Co. has a fifty-two week low of $46.08 and a fifty-two 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 data on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. The firm had revenue of $475.30 million during the quarter, compared to analysts’ expectations of $474.97 million. Microsemi had a net margin of 9.73% and a return on equity of 20.82%. Microsemi’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. analysts anticipate that Microsemi Co. will post 3.57 EPS for the current fiscal year.
In related news, COO Paul H. Pickle sold 6,586 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $53.09, for a total value of $349,650.74. Following the completion of the sale, the chief operating officer now directly owns 25,616 shares in the company, valued at $1,359,953.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Robert Anderson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.12, for a total transaction of $51,120.00. Following the sale, the director now owns 14,113 shares of the company’s stock, valued at $721,456.56. The disclosure for this sale can be found here. Insiders sold 234,553 shares of company stock valued at $12,513,867 over the last quarter. 0.57% of the stock is currently owned by corporate insiders.
MSCC has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Microsemi from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. BidaskClub downgraded shares of Microsemi from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Microsemi has an average rating of “Buy” and an average price target of $61.11.
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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.
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