Stifel Financial Corp decreased its stake in Microsemi Corporation (NASDAQ:MSCC) by 33.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,735 shares of the semiconductor company’s stock after selling 63,667 shares during the period. Stifel Financial Corp owned about 0.11% of Microsemi Corporation worth $6,547,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dubuque Bank & Trust Co. bought a new position in Microsemi Corporation during the first quarter valued at $153,000. Flinton Capital Management LLC bought a new position in Microsemi Corporation during the fourth quarter valued at $163,000. Seven Eight Capital LP bought a new position in Microsemi Corporation during the fourth quarter valued at $179,000. Coldstream Capital Management Inc. bought a new position in Microsemi Corporation during the fourth quarter valued at $201,000. Finally, BTC Capital Management Inc. bought a new position in Microsemi Corporation during the first quarter valued at $202,000.

Institutional Ownership by Quarter for Microsemi Corporation (NASDAQ:MSCC)

Microsemi Corporation (MSCC) traded down 0.04% during mid-day trading on Friday, hitting $48.03. The stock had a trading volume of 1,541,919 shares. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 25.40 and a beta of 1.14. Microsemi Corporation has a 12 month low of $29.68 and a 12 month high of $57.97. The firm’s 50-day moving average is $49.25 and its 200 day moving average is $52.18.

Microsemi Corporation (NASDAQ:MSCC) last announced its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.18. The company had revenue of $442.90 million during the quarter, compared to analysts’ expectations of $439.79 million. Microsemi Corporation had a return on equity of 18.77% and a net margin of 12.77%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share. Equities analysts anticipate that Microsemi Corporation will post $3.82 EPS for the current fiscal year.

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Several research analysts have weighed in on the company. Royal Bank of Canada lowered Microsemi Corporation from a “top pick” rating to an “outperform” rating and lowered their price target for the stock from $64.00 to $58.00 in a research report on Wednesday. Raymond James Financial, Inc. started coverage on Microsemi Corporation in a report on Friday. They set a “market perform” rating on the stock. Needham & Company LLC decreased their target price on Microsemi Corporation from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, April 28th. TheStreet raised Microsemi Corporation from a “c+” rating to a “b+” rating in a report on Thursday, April 27th. Finally, Zacks Investment Research lowered Microsemi Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. Microsemi Corporation has an average rating of “Buy” and a consensus price target of $55.18.

In related news, Chairman James J. Peterson sold 8,800 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $47.93, for a total transaction of $421,784.00. Following the completion of the transaction, the chairman now directly owns 175,781 shares in the company, valued at $8,425,183.33. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP David Goren sold 8,464 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $51.36, for a total value of $434,711.04. Following the transaction, the senior vice president now owns 22,320 shares of the company’s stock, valued at $1,146,355.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,184 shares of company stock valued at $2,627,341. 0.57% of the stock is owned by company 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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