Legal & General Group Plc boosted its holdings in Microsemi Co. (NASDAQ:MSCC) by 11.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 106,990 shares of the semiconductor company’s stock after buying an additional 11,386 shares during the period. Legal & General Group Plc owned 0.09% of Microsemi worth $5,508,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MSCC. Eagle Boston Investment Management Inc. grew its position in shares of Microsemi by 1.0% during the third quarter. Eagle Boston Investment Management Inc. now owns 366,214 shares of the semiconductor company’s stock valued at $19,215,000 after purchasing an additional 3,562 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Microsemi during the third quarter valued at about $25,153,000. Nordea Investment Management AB grew its position in shares of Microsemi by 4.8% during the third quarter. Nordea Investment Management AB now owns 40,415 shares of the semiconductor company’s stock valued at $2,081,000 after purchasing an additional 1,865 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of Microsemi during the third quarter valued at about $38,306,000. Finally, Van ECK Associates Corp grew its position in shares of Microsemi by 72.7% during the third quarter. Van ECK Associates Corp now owns 180,024 shares of the semiconductor company’s stock valued at $9,268,000 after purchasing an additional 75,756 shares in the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.

Microsemi Co. (MSCC) opened at $51.71 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.29. Microsemi Co. has a 1-year low of $46.08 and a 1-year high of $57.97. The company has a market cap of $6,080.00, a PE ratio of 15.53, a P/E/G ratio of 1.16 and a beta of 1.14.

Microsemi (NASDAQ:MSCC) last announced its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. Microsemi had a net margin of 9.73% and a return on equity of 20.82%. The firm had revenue of $475.30 million during the quarter, compared to the consensus estimate of $474.97 million. During the same quarter last year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. research analysts expect that Microsemi Co. will post 3.57 earnings per share for the current year.

A number of brokerages have recently weighed in on MSCC. Zacks Investment Research lowered Microsemi from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Oppenheimer restated a “hold” rating on shares of Microsemi in a research report on Friday, November 10th. Needham & Company LLC restated a “buy” rating and set a $61.00 price objective on shares of Microsemi in a research report on Friday, November 10th. BidaskClub lowered Microsemi from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, KeyCorp restated a “buy” rating and set a $62.00 price objective on shares of Microsemi in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Microsemi presently has an average rating of “Buy” and an average price target of $61.11.

In related news, VP Frederick C. Goerner sold 3,968 shares of the stock in a transaction dated 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 transaction, the vice president now 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 can be accessed through this hyperlink. Also, COO Paul H. Pickle sold 14,746 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $52.48, for a total transaction of $773,870.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 238,521 shares of company stock valued at $12,718,259. 0.57% of the stock is owned by insiders.

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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.

Institutional Ownership by Quarter for Microsemi (NASDAQ:MSCC)

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