Microsemi (MSCC) Position Cut by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its stake in Microsemi (NASDAQ:MSCC) by 64.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,556 shares of the semiconductor company’s stock after selling 2,773 shares during the period. Asset Management One Co. Ltd.’s holdings in Microsemi were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Boston Private Wealth LLC raised its holdings in Microsemi by 36.8% in the first quarter. Boston Private Wealth LLC now owns 18,246 shares of the semiconductor company’s stock valued at $1,181,000 after acquiring an additional 4,905 shares in the last quarter. Glazer Capital LLC acquired a new stake in Microsemi in the first quarter valued at $7,352,000. Alpine Associates Management Inc. acquired a new stake in Microsemi in the first quarter valued at $243,653,000. Longfellow Investment Management Co. LLC acquired a new stake in Microsemi in the first quarter valued at $11,326,000. Finally, OppenheimerFunds Inc. raised its holdings in Microsemi by 76.8% in the first quarter. OppenheimerFunds Inc. now owns 17,944 shares of the semiconductor company’s stock valued at $1,161,000 after acquiring an additional 7,795 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:MSCC opened at $68.74 on Friday. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. Microsemi has a 1-year low of $46.08 and a 1-year high of $68.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.57 and a current ratio of 2.27.



In other Microsemi news, VP Frederick C. Goerner sold 2,102 shares of the stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $64.76, for a total transaction of $136,125.52. Following the sale, the vice president now directly owns 55,692 shares of the company’s stock, valued at $3,606,613.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul F. Folino sold 3,605 shares of the stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $67.52, for a total transaction of $243,409.60. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

Several research firms recently issued reports on MSCC. Stifel Nicolaus reaffirmed a “hold” rating on shares of Microsemi in a report on Wednesday, May 30th. TheStreet cut shares of Microsemi from a “b+” rating to a “c+” rating in a report on Tuesday, May 15th. BidaskClub raised shares of Microsemi from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 6th. Piper Jaffray Companies cut shares of Microsemi from an “overweight” rating to a “neutral” rating in a report on Tuesday, March 6th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Microsemi in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.32.

Microsemi Profile

Microsemi Corporation designs, manufactures, and markets analog and mixed-signal semiconductor solutions in the United States, Europe, and Asia. The company offers analog mixed-signal integrated circuits; field programmable gate arrays; system on chip solutions and application-specific integrated circuits; power management products; and timing and synchronization devices, and precise time solutions.

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Institutional Ownership by Quarter for Microsemi (NASDAQ:MSCC)

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