Xact Kapitalforvaltning AB Acquires Shares of 9,725 Microsemi Co. (MSCC)

Xact Kapitalforvaltning AB acquired a new stake in shares of Microsemi Co. (NASDAQ:MSCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,725 shares of the semiconductor company’s stock, valued at approximately $502,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in Microsemi by 6.7% in the fourth quarter. BlackRock Inc. now owns 10,817,946 shares of the semiconductor company’s stock worth $558,748,000 after acquiring an additional 680,797 shares in the last quarter. Lyrical Asset Management LP grew its position in Microsemi by 4.0% in the fourth quarter. Lyrical Asset Management LP now owns 3,366,782 shares of the semiconductor company’s stock worth $173,894,000 after acquiring an additional 130,876 shares in the last quarter. Boston Partners grew its position in Microsemi by 2.5% in the fourth quarter. Boston Partners now owns 3,074,329 shares of the semiconductor company’s stock worth $158,789,000 after acquiring an additional 73,916 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Microsemi by 34.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,331,576 shares of the semiconductor company’s stock worth $68,776,000 after acquiring an additional 339,606 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Microsemi by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,321,053 shares of the semiconductor company’s stock worth $68,006,000 after acquiring an additional 40,935 shares in the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

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Shares of NASDAQ:MSCC opened at $64.66 on Friday. Microsemi Co. has a 1 year low of $46.08 and a 1 year high of $67.52. The company has a market cap of $7,676.95, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. 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 (NASDAQ:MSCC) last announced its earnings results on Thursday, January 25th. The semiconductor company reported $1.01 earnings per share (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 business had revenue of $468.70 million during the quarter, compared to analyst estimates of $460.17 million. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company’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 EPS for the current fiscal year.

In other news, Director Paul F. Folino sold 4,500 shares of Microsemi stock in a transaction that occurred 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 completion of the sale, the director now owns 1,070 shares of the company’s stock, valued at $71,978.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Goren sold 2,090 shares of Microsemi stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $66.43, for a total transaction of $138,838.70. Following the sale, the senior vice president now directly owns 10,539 shares of the company’s stock, valued at approximately $700,105.77. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Several research analysts recently commented on MSCC shares. Piper Jaffray started coverage on Microsemi in a research report on Monday, December 18th. They issued an “overweight” rating and a $60.00 price target for the company. SunTrust Banks lowered Microsemi from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. BidaskClub upgraded Microsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Needham & Company LLC restated a “buy” rating and set a $70.00 target price (up previously from $61.00) on shares of Microsemi in a research report on Thursday, January 25th. Finally, KeyCorp boosted their target price on Microsemi to $70.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $64.32.

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Microsemi Company Profile

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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