SG Americas Securities LLC decreased its holdings in Microsemi Co. (NASDAQ:MSCC) by 84.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,591 shares of the semiconductor company’s stock after selling 31,467 shares during the quarter. SG Americas Securities LLC’s holdings in Microsemi were worth $288,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in Microsemi by 1.0% in the 2nd quarter. Pacer Advisors Inc. now owns 14,718 shares of the semiconductor company’s stock worth $689,000 after purchasing an additional 141 shares during the period. Teacher Retirement System of Texas boosted its stake in Microsemi by 1.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,184 shares of the semiconductor company’s stock worth $430,000 after purchasing an additional 145 shares during the period. Campbell Newman Asset Management Inc. boosted its stake in Microsemi by 4.7% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 6,234 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 281 shares during the period. Reliant Investment Management LLC boosted its stake in Microsemi by 0.5% in the 2nd quarter. Reliant Investment Management LLC now owns 61,075 shares of the semiconductor company’s stock worth $2,858,000 after purchasing an additional 325 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Microsemi by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 395 shares during the period. Hedge funds and other institutional investors own 97.54% of the company’s stock.

Shares of Microsemi Co. (NASDAQ MSCC) opened at $53.46 on Tuesday. The stock has a market cap of $6,080.79, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. Microsemi Co. has a 52 week low of $46.08 and a 52 week high of $57.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.92.

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

In related news, VP Frederick C. Goerner sold 5,000 shares of Microsemi stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $52.33, for a total value of $261,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas Robert Anderson sold 1,000 shares of Microsemi stock in a transaction 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 completion of the sale, the director now directly owns 14,113 shares of the company’s stock, valued at approximately $721,456.56. The disclosure for this sale can be found here. Insiders have sold a total of 238,521 shares of company stock valued at $12,718,259 in the last three months. Company insiders own 0.57% of the company’s stock.

A number of equities analysts recently commented on the stock. Piper Jaffray Companies assumed coverage on shares of Microsemi in a research note on Monday. They issued an “overweight” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Microsemi in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Microsemi from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Oppenheimer reaffirmed a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. Finally, KeyCorp reissued a “buy” rating and set a $62.00 target price on shares of Microsemi in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $61.11.

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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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