BB&T Securities LLC Acquires 610 Shares of Microsemi Corporation (NASDAQ:MSCC)

BB&T Securities LLC lifted its position in Microsemi Corporation (NASDAQ:MSCC) by 13.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,158 shares of the semiconductor company’s stock after buying an additional 610 shares during the period. BB&T Securities LLC’s holdings in Microsemi Corporation were worth $241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Trexquant Investment LP increased its position in shares of Microsemi Corporation by 0.4% in the 2nd quarter. Trexquant Investment LP now owns 7,800 shares of the semiconductor company’s stock valued at $365,000 after buying an additional 34 shares in the last quarter. Somerset Trust Co increased its position in shares of Microsemi Corporation by 0.4% in the 2nd quarter. Somerset Trust Co now owns 11,343 shares of the semiconductor company’s stock valued at $531,000 after buying an additional 47 shares in the last quarter. Dubuque Bank & Trust Co. increased its position in shares of Microsemi Corporation by 3.1% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,071 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 93 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Microsemi Corporation by 0.6% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 19,871 shares of the semiconductor company’s stock valued at $1,024,000 after buying an additional 112 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Microsemi Corporation by 1.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,184 shares of the semiconductor company’s stock valued at $430,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 98.58% of the company’s stock.

In other Microsemi Corporation news, Director Paul F. Folino sold 1,650 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $52.57, for a total value of $86,740.50. Following the completion of the sale, the director now directly owns 1,070 shares of the company’s stock, valued at approximately $56,249.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frederick C. Goerner sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $50.12, for a total transaction of $75,180.00. Following the completion of the transaction, the vice president now owns 60,436 shares in the company, valued at $3,029,052.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,650 shares of company stock valued at $600,076. 0.57% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was published by BBNS and is the property of of BBNS. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://baseballnewssource.com/markets/microsemi-corporation-mscc-stake-raised-by-bbt-securities-llc/1601305.html.

A number of research firms recently commented on MSCC. Goldman Sachs Group, Inc. (The) upgraded shares of Microsemi Corporation from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $54.00 to $53.00 in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Microsemi Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday. KeyCorp began coverage on shares of Microsemi Corporation in a research report on Monday, July 24th. They issued an “overweight” rating and a $61.00 price objective for the company. BidaskClub upgraded shares of Microsemi Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Microsemi Corporation in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $58.00.

Shares of Microsemi Corporation (MSCC) traded up 0.51% during trading on Friday, hitting $49.66. The stock had a trading volume of 125,991 shares. The firm has a 50-day moving average of $50.20 and a 200 day moving average of $50.01. The company has a market capitalization of $5.74 billion, a P/E ratio of 50.26 and a beta of 1.17. Microsemi Corporation has a 1-year low of $37.11 and a 1-year high of $57.97.

Microsemi Corporation (NASDAQ:MSCC) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.81 by $0.18. The company had revenue of $458.10 million during the quarter, compared to the consensus estimate of $457.87 million. Microsemi Corporation had a net margin of 6.90% and a return on equity of 19.91%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. Equities research analysts predict that Microsemi Corporation will post $3.84 earnings per share for the current fiscal year.

Microsemi Corporation declared that its board has authorized a share buyback plan on Thursday, July 27th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 43% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

About Microsemi Corporation

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 Corporation (NASDAQ:MSCC)

Receive News & Ratings for Microsemi Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsemi Corporation and related companies with our FREE daily email newsletter.

 


Latest News

New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw


Leave a Reply

 
© 2006-2017 BBNS.