Microsemi Co. (MSCC) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its stake in shares of Microsemi Co. (NASDAQ:MSCC) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 188,353 shares of the semiconductor company’s stock after purchasing an additional 1,274 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Microsemi worth $9,728,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FDx Advisors Inc. boosted its position in shares of Microsemi by 12.9% during the 4th quarter. FDx Advisors Inc. now owns 8,801 shares of the semiconductor company’s stock worth $455,000 after purchasing an additional 1,007 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Microsemi by 0.3% during the 4th quarter. Thrivent Financial For Lutherans now owns 336,634 shares of the semiconductor company’s stock worth $17,387,000 after purchasing an additional 1,044 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Microsemi by 92.7% during the 4th quarter. Advisor Group Inc. now owns 2,226 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 1,071 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of Microsemi by 10.0% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 13,447 shares of the semiconductor company’s stock worth $695,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its position in shares of Microsemi by 21.2% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 8,660 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 1,516 shares in the last quarter. Institutional investors own 97.34% of the company’s stock.

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Several equities research analysts have commented on the stock. Royal Bank of Canada restated a “buy” rating and set a $66.00 target price on shares of Microsemi in a research report on Friday, January 26th. Needham & Company LLC restated a “hold” rating on shares of Microsemi in a research report on Friday, March 2nd. BidaskClub upgraded shares of Microsemi from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 6th. Wells Fargo restated a “market perform” rating on shares of Microsemi in a research report on Friday, March 2nd. Finally, BMO Capital Markets lowered shares of Microsemi from an “outperform” rating to a “market perform” rating in a research report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $64.32.

Shares of Microsemi stock opened at $65.44 on Friday. Microsemi Co. has a 1 year low of $46.08 and a 1 year high of $67.52. 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 cap of $7,707.54, a PE ratio of 37.61, a P/E/G ratio of 1.40 and a beta of 1.24.

Microsemi (NASDAQ:MSCC) last released its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. Microsemi had a net margin of 11.10% and a return on equity of 21.50%. The business had revenue of $468.70 million for the quarter, compared to analyst estimates of $460.17 million. During the same period in the previous year, the firm earned $0.86 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. analysts anticipate that Microsemi Co. will post 3.51 earnings per share for the current fiscal year.

In other Microsemi news, Director Paul F. Folino sold 4,500 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $67.27, for a total value of $302,715.00. Following the transaction, the director now directly owns 1,070 shares in the company, valued at approximately $71,978.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP David Goren sold 2,090 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $66.43, for a total transaction of $138,838.70. Following the completion of the transaction, the senior vice president now owns 10,539 shares in the company, valued at $700,105.77. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Microsemi (NASDAQ:MSCC)

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