AlphaOne Investment Services LLC lessened its stake in Microsemi Co. (NASDAQ:MSCC) by 31.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,880 shares of the semiconductor company’s stock after selling 2,210 shares during the period. AlphaOne Investment Services LLC’s holdings in Microsemi were worth $252,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in Microsemi in the 4th quarter worth approximately $108,000. IFP Advisors Inc raised its stake in shares of Microsemi by 235.2% during the 4th quarter. IFP Advisors Inc now owns 2,212 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,552 shares during the period. Cerebellum GP LLC acquired a new position in shares of Microsemi during the 4th quarter worth approximately $124,000. Balter Liquid Alternatives LLC acquired a new position in shares of Microsemi during the 4th quarter worth approximately $142,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Microsemi during the 3rd quarter worth approximately $203,000. Institutional investors and hedge funds own 99.94% of the company’s stock.
In other Microsemi news, Director Thomas Robert Anderson sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.12, for a total value of $51,120.00. Following the completion of the sale, the director now directly owns 14,113 shares of the company’s stock, valued at approximately $721,456.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Frederick C. Goerner sold 3,968 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $51.51, for a total value of $204,391.68. Following the completion of the sale, the vice president now directly owns 57,794 shares of the company’s stock, valued at $2,976,968.94. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.
Microsemi Co. (NASDAQ MSCC) opened at $64.24 on Tuesday. Microsemi Co. has a 52 week low of $46.08 and a 52 week high of $65.65. The company has a quick ratio of 1.55, a current ratio of 2.36 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $7,550.00, a price-to-earnings ratio of 41.99, a P/E/G ratio of 1.33 and a beta of 1.33.
Microsemi (NASDAQ:MSCC) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. Microsemi had a return on equity of 21.50% and a net margin of 11.10%. The firm had revenue of $468.70 million during the quarter, compared to the consensus estimate of $460.17 million. During the same period in the prior year, the company earned $0.86 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. equities analysts predict that Microsemi Co. will post 3.51 earnings per share for the current year.
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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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