Granahan Investment Management Inc. MA Has $4.04 Million Holdings in Microsemi Co. (MSCC)
Granahan Investment Management Inc. MA reduced its position in shares of Microsemi Co. (NASDAQ:MSCC) by 2.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,455 shares of the semiconductor company’s stock after selling 1,668 shares during the quarter. Granahan Investment Management Inc. MA owned 0.07% of Microsemi worth $4,039,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new stake in shares of Microsemi in the third quarter worth approximately $203,000. BTC Capital Management Inc. bought a new stake in shares of Microsemi in the third quarter worth approximately $214,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Microsemi by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 395 shares during the period. BB&T Securities LLC grew its stake in shares of Microsemi by 13.4% in the second quarter. BB&T Securities LLC now owns 5,158 shares of the semiconductor company’s stock worth $241,000 after acquiring an additional 610 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Microsemi in the second quarter worth approximately $247,000. Institutional investors and hedge funds own 97.54% of the company’s stock.
Microsemi Co. (NASDAQ MSCC) opened at $50.80 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. The stock has a market cap of $6,000.83, a P/E ratio of 15.32, a P/E/G ratio of 1.14 and a beta of 1.14. Microsemi Co. has a 1-year low of $46.08 and a 1-year high of $57.97.
Microsemi (NASDAQ:MSCC) last posted its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. The company had revenue of $475.30 million for the quarter, compared to the consensus estimate of $474.97 million. Microsemi had a net margin of 9.73% and a return on equity of 20.82%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. analysts expect that Microsemi Co. will post 3.57 EPS for the current year.
In other Microsemi news, Director Thomas Robert Anderson sold 1,000 shares of Microsemi stock in a transaction that occurred 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 transaction, the director now owns 14,113 shares of the company’s stock, valued at $721,456.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Frederick C. Goerner sold 5,000 shares of Microsemi stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $52.33, for a total transaction of $261,650.00. The disclosure for this sale can be found here. In the last three months, insiders sold 238,521 shares of company stock worth $12,718,259. 0.57% of the stock is currently owned by insiders.
A number of analysts have recently commented on the stock. BidaskClub lowered shares of Microsemi from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded shares of Microsemi from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Friday, August 18th. Needham & Company LLC reiterated a “buy” rating and issued a $61.00 price target on shares of Microsemi in a research note on Friday, November 10th. KeyCorp reiterated a “buy” rating and issued a $62.00 price target on shares of Microsemi in a research note on Friday, October 20th. Finally, Oppenheimer reiterated a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $61.11.
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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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