BlackRock Inc. grew its holdings in Microsemi Co. (NASDAQ:MSCC) by 6.7% in the 4th quarter, HoldingsChannel reports. The fund owned 10,817,946 shares of the semiconductor company’s stock after purchasing an additional 680,797 shares during the quarter. BlackRock Inc. owned approximately 0.09% of Microsemi worth $558,748,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc grew its position in Microsemi by 235.2% in the fourth quarter. IFP Advisors Inc now owns 2,212 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,552 shares in the last quarter. Cerebellum GP LLC bought a new stake in Microsemi in the fourth quarter worth approximately $124,000. Balter Liquid Alternatives LLC bought a new stake in Microsemi in the fourth quarter worth approximately $142,000. CIBC Asset Management Inc bought a new stake in shares of Microsemi during the 3rd quarter worth $203,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Microsemi during the 4th quarter worth $205,000. 99.94% of the stock is owned by institutional investors.
In other Microsemi news, VP Frederick C. Goerner sold 3,968 shares of the stock in a transaction on Friday, December 8th. The shares were 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 approximately $2,976,968.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Robert Anderson sold 1,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.12, for a total transaction 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 $721,456.56. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.
Shares of Microsemi Co. (NASDAQ:MSCC) opened at $64.90 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.36 and a debt-to-equity ratio of 0.89. Microsemi Co. has a 1-year low of $46.08 and a 1-year high of $66.34. The firm has a market cap of $7,630.00, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33.
Microsemi (NASDAQ:MSCC) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. 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 firm earned $0.86 EPS. The business’s revenue was up 7.6% on a year-over-year basis. equities research 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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