Teachers Retirement System of The State of Kentucky lessened its holdings in Microsemi Corporation (NASDAQ:MSCC) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,441 shares of the semiconductor company’s stock after selling 3,636 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.13% of Microsemi worth $7,693,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MSCC. CIBC Asset Management Inc acquired a new stake in shares of Microsemi during the 3rd quarter worth approximately $203,000. BTC Capital Management Inc. acquired a new stake in shares of Microsemi during the 3rd quarter worth approximately $214,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Microsemi during the 2nd quarter worth approximately $219,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Microsemi by 9.0% during 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. Finally, BB&T Securities LLC grew its stake in shares of Microsemi by 13.4% during the 2nd quarter. BB&T Securities LLC now owns 5,158 shares of the semiconductor company’s stock worth $241,000 after purchasing an additional 610 shares during the period. Institutional investors own 97.05% of the company’s stock.

Shares of Microsemi Corporation (NASDAQ:MSCC) opened at $55.07 on Monday. Microsemi Corporation has a one year low of $46.08 and a one year high of $57.97. The stock has a market cap of $6,480.00, a price-to-earnings ratio of 16.54, a P/E/G ratio of 1.24 and a beta of 1.16. The company has a quick ratio of 1.29, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Microsemi (NASDAQ:MSCC) last released its quarterly 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. Microsemi had a net margin of 9.73% and a return on equity of 20.82%. The firm had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $474.97 million. During the same quarter last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. equities analysts expect that Microsemi Corporation will post 3.57 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on MSCC shares. Zacks Investment Research raised shares of Microsemi from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, September 26th. BidaskClub cut shares of Microsemi from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. KeyCorp reaffirmed a “buy” rating and set a $62.00 price objective on shares of Microsemi in a research note on Friday, October 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $60.00 price objective (up previously from $58.00) on shares of Microsemi in a research note on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $61.11.

In related news, COO Paul H. Pickle sold 6,586 shares of Microsemi stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $53.09, for a total value of $349,650.74. Following the sale, the chief operating officer now owns 25,616 shares of the company’s stock, valued at approximately $1,359,953.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Paul H. Pickle sold 14,746 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $52.48, for a total value of $773,870.08. The disclosure for this sale can be found here. Insiders sold a total of 235,053 shares of company stock worth $12,537,927 in the last three months. 0.57% of the stock is owned by corporate insiders.

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Microsemi 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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