Microsemi Corporation (MSCC) Holdings Cut by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of Microsemi Corporation (NASDAQ:MSCC) by 86.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,846 shares of the semiconductor company’s stock after selling 110,857 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Microsemi were worth $867,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CIBC Asset Management Inc acquired a new stake in shares of Microsemi in the third quarter valued at $203,000. BTC Capital Management Inc. acquired a new stake in shares of Microsemi in the third quarter valued at $214,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Microsemi by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the semiconductor company’s stock valued at $224,000 after buying an additional 395 shares in the last quarter. BB&T Securities LLC increased its stake in shares of Microsemi by 13.4% in the second quarter. BB&T Securities LLC now owns 5,158 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 610 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Microsemi in the second quarter valued at about $247,000. Institutional investors own 97.54% of the company’s stock.

Microsemi Corporation (NASDAQ:MSCC) opened at $51.10 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. Microsemi Corporation has a 1-year low of $46.08 and a 1-year high of $57.97. The stock has a market capitalization of $6,040.81, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.15 and a beta of 1.14.

Microsemi (NASDAQ:MSCC) last issued its earnings results 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. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The firm had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $474.97 million. During the same quarter last year, the business earned $0.91 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. sell-side analysts expect that Microsemi Corporation will post 3.57 EPS for the current year.

In other Microsemi news, COO Paul H. Pickle sold 6,586 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $53.09, for a total transaction of $349,650.74. Following the transaction, the chief operating officer now owns 25,616 shares in the company, valued at $1,359,953.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Frederick C. Goerner sold 5,167 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $51.72, for a total value of $267,237.24. Following the transaction, the vice president now owns 65,769 shares in the company, valued at approximately $3,401,572.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 233,553 shares of company stock worth $12,462,747. Company insiders own 0.57% of the company’s stock.

MSCC has been the topic of several recent research reports. Zacks Investment Research cut Microsemi from a “buy” rating to a “hold” rating in a report on Monday, August 28th. BidaskClub cut Microsemi from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. KeyCorp reiterated a “buy” rating and issued a $62.00 price target on shares of Microsemi in a report on Friday, October 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $61.00 price target on shares of Microsemi in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $61.11.

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About Microsemi

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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