Investors sold shares of Microsemi (NASDAQ:MSCC) on strength during trading on Thursday. $33.65 million flowed into the stock on the tick-up and $113.02 million flowed out of the stock on the tick-down, for a money net flow of $79.37 million out of the stock. Of all companies tracked, Microsemi had the 7th highest net out-flow for the day. Microsemi traded up $0.20 for the day and closed at $68.73
A number of brokerages have weighed in on MSCC. TheStreet downgraded shares of Microsemi from a “b+” rating to a “c+” rating in a research note on Tuesday, May 15th. BidaskClub downgraded shares of Microsemi from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. KeyCorp reaffirmed an “equal weight” rating on shares of Microsemi in a research note on Wednesday, March 7th. Piper Jaffray Companies downgraded shares of Microsemi from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 6th. Finally, BMO Capital Markets downgraded shares of Microsemi from an “outperform” rating to a “market perform” rating in a research note on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.32.
The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 1.57 and a beta of 1.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.57 and a current ratio of 2.27.
In related news, SVP David Goren sold 2,090 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $66.43, for a total value of $138,838.70. Following the sale, the senior vice president now owns 10,539 shares in the company, valued at $700,105.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frederick C. Goerner sold 2,102 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $64.76, for a total transaction of $136,125.52. Following the completion of the sale, the vice president now owns 55,692 shares in the company, valued at approximately $3,606,613.92. The disclosure for this sale can be found here. Insiders have sold 12,297 shares of company stock valued at $821,089 in the last three months. 0.57% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Microsemi by 6.7% in the fourth quarter. BlackRock Inc. now owns 10,817,946 shares of the semiconductor company’s stock worth $558,748,000 after purchasing an additional 680,797 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in Microsemi in the first quarter worth approximately $243,653,000. Lyrical Asset Management LP boosted its holdings in Microsemi by 4.0% in the fourth quarter. Lyrical Asset Management LP now owns 3,366,782 shares of the semiconductor company’s stock worth $173,894,000 after purchasing an additional 130,876 shares during the last quarter. Boston Partners boosted its holdings in Microsemi by 2.5% in the fourth quarter. Boston Partners now owns 3,074,329 shares of the semiconductor company’s stock worth $158,789,000 after purchasing an additional 73,916 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Microsemi by 7,826.1% in the first quarter. UBS Group AG now owns 3,018,255 shares of the semiconductor company’s stock worth $195,342,000 after purchasing an additional 2,980,175 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.
Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company offers analog mixed-signal integrated circuits; field programmable gate arrays; system on chip solutions and application-specific integrated circuits; power management products; and timing and synchronization devices, and precise time solutions.
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