Microsemi Corp. (MSCC) Shares Bought by Emerald Mutual Fund Advisers Trust
Emerald Mutual Fund Advisers Trust raised its position in Microsemi Corp. (NASDAQ:MSCC) by 4.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 612,579 shares of the company’s stock after buying an additional 26,542 shares during the period. Microsemi Corp. makes up about 1.1% of Emerald Mutual Fund Advisers Trust’s investment portfolio, making the stock its 19th largest position. Emerald Mutual Fund Advisers Trust owned approximately 0.54% of Microsemi Corp. worth $20,019,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of MSCC. NN Investment Partners Holdings N.V. acquired a new position in Microsemi Corp. during the first quarter worth about $1,133,000. Acrospire Investment Management LLC acquired a new position in Microsemi Corp. during the first quarter worth about $236,000. JPMorgan Chase & Co. boosted its position in Microsemi Corp. by 17.4% in the first quarter. JPMorgan Chase & Co. now owns 162,242 shares of the company’s stock worth $6,216,000 after buying an additional 24,054 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Microsemi Corp. by 42,825.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 10,302 shares of the company’s stock worth $395,000 after buying an additional 10,278 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Microsemi Corp. by 27.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,437,316 shares of the company’s stock worth $131,684,000 after buying an additional 745,087 shares during the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.
Shares of Microsemi Corp. (NASDAQ:MSCC) traded down 0.07% during midday trading on Tuesday, hitting $41.35. The stock had a trading volume of 339,044 shares. The stock’s market cap is $4.68 billion. Microsemi Corp. has a 12 month low of $28.91 and a 12 month high of $42.19. The stock’s 50-day moving average is $40.38 and its 200-day moving average is $36.39.
Microsemi Corp. (NASDAQ:MSCC) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.01. Microsemi Corp. had a positive return on equity of 17.32% and a negative net margin of 3.12%. The company had revenue of $431.40 million for the quarter, compared to analyst estimates of $430.22 million. During the same period in the previous year, the company posted $0.68 earnings per share. The firm’s revenue was up 36.0% on a year-over-year basis. Equities analysts anticipate that Microsemi Corp. will post $3.02 EPS for the current year.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Microsemi Corp. from a “hold” rating to a “sell” rating in a report on Tuesday. Susquehanna started coverage on Microsemi Corp. in a report on Tuesday, September 20th. They issued a “positive” rating and a $50.00 target price on the stock. Macquarie reiterated a “positive” rating on shares of Microsemi Corp. in a report on Thursday, September 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 target price (up from $46.00) on shares of Microsemi Corp. in a report on Friday, September 9th. Finally, Stifel Nicolaus increased their target price on Microsemi Corp. from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. Microsemi Corp. presently has a consensus rating of “Buy” and a consensus price target of $46.79.
In related news, Director Paul F. Folino sold 1,500 shares of Microsemi Corp. stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $39.80, for a total transaction of $59,700.00. Following the sale, the director now directly owns 1,070 shares in the company, valued at $42,586. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frederick C. Goerner sold 4,000 shares of Microsemi Corp. stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $39.39, for a total value of $157,560.00. Following the sale, the vice president now owns 52,561 shares in the company, valued at $2,070,377.79. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.
About Microsemi Corp.
Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemi’s products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs), field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans.
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