Rosenblum Silverman Sutton S F Inc. CA increased its position in Microsemi Corporation (NASDAQ:MSCC) by 16.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,713 shares of the semiconductor company’s stock after buying an additional 14,873 shares during the period. Microsemi Corporation comprises 2.3% of Rosenblum Silverman Sutton S F Inc. CA’s portfolio, making the stock its 14th largest position. Rosenblum Silverman Sutton S F Inc. CA owned 0.09% of Microsemi Corporation worth $5,396,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Brown Advisory Inc. boosted its position in Microsemi Corporation by 7.5% in the fourth quarter. Brown Advisory Inc. now owns 5,524 shares of the semiconductor company’s stock worth $298,000 after buying an additional 387 shares during the period. Asset Management One Co. Ltd. boosted its position in Microsemi Corporation by 460.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 17,386 shares of the semiconductor company’s stock worth $957,000 after buying an additional 14,286 shares during the period. Elkfork Partners LLC purchased a new position in Microsemi Corporation during the fourth quarter worth $347,000. Marshall Wace LLP boosted its position in Microsemi Corporation by 39.5% in the fourth quarter. Marshall Wace LLP now owns 18,154 shares of the semiconductor company’s stock worth $980,000 after buying an additional 5,143 shares during the period. Finally, Trexquant Investment LP purchased a new position in Microsemi Corporation during the fourth quarter worth $1,004,000.
Microsemi Corporation (MSCC) traded up 0.73% during trading on Monday, hitting $48.38. 1,093,012 shares of the stock traded hands. The company’s 50 day moving average price is $49.25 and its 200-day moving average price is $52.18. Microsemi Corporation has a 52-week low of $29.68 and a 52-week high of $57.97. The stock has a market cap of $5.59 billion, a P/E ratio of 25.58 and a beta of 1.14.
Microsemi Corporation (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.18. Microsemi Corporation had a net margin of 12.77% and a return on equity of 18.77%. The company had revenue of $442.90 million during the quarter, compared to the consensus estimate of $439.79 million. During the same quarter last year, the company earned $0.67 earnings per share. Microsemi Corporation’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts forecast that Microsemi Corporation will post $3.82 earnings per share for the current fiscal year.
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Several analysts have commented on MSCC shares. TheStreet upgraded shares of Microsemi Corporation from a “c+” rating to a “b+” rating in a research note on Thursday, April 27th. Royal Bank Of Canada cut shares of Microsemi Corporation from a “top pick” rating to an “outperform” rating and decreased their target price for the company from $64.00 to $58.00 in a research report on Wednesday, June 14th. Needham & Company LLC dropped their target price on shares of Microsemi Corporation from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Raymond James Financial, Inc. assumed coverage on shares of Microsemi Corporation in a research note on Friday. They issued a “market perform” rating on the stock. Finally, BidaskClub downgraded shares of Microsemi Corporation from a “hold” rating to a “sell” rating in a research note on Saturday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Microsemi Corporation presently has an average rating of “Buy” and a consensus price target of $55.18.
In other Microsemi Corporation news, SVP David Goren sold 8,464 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $51.36, for a total value of $434,711.04. Following the sale, the senior vice president now directly owns 22,320 shares in the company, valued at $1,146,355.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Frederick C. Goerner sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $50.89, for a total value of $101,780.00. Following the completion of the sale, the vice president now owns 61,782 shares in the company, valued at $3,144,085.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,184 shares of company stock valued at $2,627,341. 0.57% of the stock is currently owned by corporate insiders.
Microsemi Corporation 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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