1492 Capital Management LLC trimmed its position in Microsemi Co. (NASDAQ:MSCC) by 54.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,982 shares of the semiconductor company’s stock after selling 21,366 shares during the period. 1492 Capital Management LLC’s holdings in Microsemi were worth $929,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oakbrook Investments LLC increased its stake in shares of Microsemi by 74.5% in the fourth quarter. Oakbrook Investments LLC now owns 10,820 shares of the semiconductor company’s stock worth $559,000 after buying an additional 4,620 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Microsemi by 27.4% in the third quarter. JPMorgan Chase & Co. now owns 162,570 shares of the semiconductor company’s stock worth $8,293,000 after buying an additional 34,994 shares during the period. New Mexico Educational Retirement Board purchased a new position in shares of Microsemi in the fourth quarter worth $1,477,000. Sei Investments Co. increased its stake in shares of Microsemi by 20.3% in the fourth quarter. Sei Investments Co. now owns 333,667 shares of the semiconductor company’s stock worth $17,234,000 after buying an additional 56,237 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Microsemi by 2.9% in the third quarter. American Century Companies Inc. now owns 119,934 shares of the semiconductor company’s stock worth $6,174,000 after buying an additional 3,371 shares during the period. 97.44% of the stock is currently owned by institutional investors.
In other news, Director Paul F. Folino sold 4,500 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $67.27, for a total transaction of $302,715.00. Following the sale, the director now owns 1,070 shares in the company, valued at approximately $71,978.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by insiders.
Microsemi Co. (NASDAQ MSCC) opened at $66.93 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.55 and a debt-to-equity ratio of 0.89. The stock has a market cap of $7,870.00, a price-to-earnings ratio of 43.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. Microsemi Co. has a 1 year low of $46.08 and a 1 year high of $67.52.
Microsemi (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.01. The business had revenue of $468.70 million for the quarter, compared to the consensus estimate of $460.17 million. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. 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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