Macquarie Group Ltd. Sells 307,373 Shares of Microsemi Corporation (MSCC)

Macquarie Group Ltd. lowered its holdings in Microsemi Corporation (NASDAQ:MSCC) by 50.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 301,106 shares of the semiconductor company’s stock after selling 307,373 shares during the quarter. Macquarie Group Ltd. owned about 0.26% of Microsemi worth $15,501,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc purchased a new position in Microsemi during the 3rd quarter worth $203,000. BTC Capital Management Inc. purchased a new position in Microsemi during the 3rd quarter worth $214,000. Quantitative Systematic Strategies LLC purchased a new position in Microsemi during the 2nd quarter worth $219,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 acquiring an additional 395 shares during the last quarter. Finally, BB&T Securities LLC boosted its holdings in 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 acquiring an additional 610 shares during the last quarter. 97.54% of the stock is owned by institutional investors and hedge funds.

Shares of Microsemi Corporation (MSCC) opened at $51.37 on Wednesday. Microsemi Corporation has a 52-week low of $46.08 and a 52-week high of $57.97. The company has a current ratio of 1.92, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $6,014.94, a PE ratio of 15.36, a PEG ratio of 1.15 and a beta of 1.14.

Microsemi (NASDAQ:MSCC) last issued its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.01. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The company had revenue of $475.30 million during the quarter, compared to analyst estimates of $474.97 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Microsemi’s revenue was up 5.6% on a year-over-year basis. sell-side analysts predict that Microsemi Corporation will post 3.57 EPS for the current year.

A number of research firms have recently commented on MSCC. Zacks Investment Research cut Microsemi from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Oppenheimer reiterated a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. Finally, KeyCorp reiterated a “buy” rating and set a $62.00 target price on shares of Microsemi in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $61.11.

In other Microsemi news, CFO John W. Hohener sold 11,638 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $52.49, for a total value of $610,878.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Frederick C. Goerner sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $52.33, for a total value of $261,650.00. The disclosure for this sale can be found here. Insiders have sold 233,553 shares of company stock valued at $12,462,747 in the last three months. 0.57% of the stock is owned by insiders.

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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.

Institutional Ownership by Quarter for Microsemi (NASDAQ:MSCC)

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