Capital Fund Management S.A. purchased a new stake in Microsemi Corporation (NASDAQ:MSCC) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 157,000 shares of the semiconductor company’s stock, valued at approximately $7,348,000. Capital Fund Management S.A. owned approximately 0.14% of Microsemi Corporation at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in Microsemi Corporation in the 1st quarter valued at about $113,000. Dubuque Bank & Trust Co. lifted its stake in Microsemi Corporation by 3.1% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,071 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 93 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Microsemi Corporation by 5.3% in the 1st quarter. Flinton Capital Management LLC now owns 3,184 shares of the semiconductor company’s stock valued at $164,000 after buying an additional 160 shares in the last quarter. Meadow Creek Investment Management LLC lifted its stake in Microsemi Corporation by 5.3% in the 1st quarter. Meadow Creek Investment Management LLC now owns 4,378 shares of the semiconductor company’s stock valued at $226,000 after buying an additional 220 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Microsemi Corporation by 22.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,398 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 796 shares in the last quarter. 98.58% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Frederick C. Goerner sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $51.61, for a total transaction of $77,415.00. Following the transaction, the vice president now owns 61,936 shares of the company’s stock, valued at $3,196,516.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dennis R. Leibel sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $52.46, for a total transaction of $157,380.00. Following the transaction, the insider now directly owns 7,369 shares in the company, valued at approximately $386,577.74. The disclosure for this sale can be found here. Insiders sold 11,650 shares of company stock worth $600,076 in the last ninety days. Insiders own 0.57% of the company’s stock.

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Microsemi Corporation (MSCC) traded up 1.33% on Monday, reaching $49.45. 23,229 shares of the company’s stock were exchanged. Microsemi Corporation has a 12-month low of $37.11 and a 12-month high of $57.97. The company has a market cap of $5.72 billion, a P/E ratio of 50.05 and a beta of 1.17. The firm has a 50 day moving average of $50.63 and a 200-day moving average of $50.13.

Microsemi Corporation (NASDAQ:MSCC) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.18. Microsemi Corporation had a net margin of 6.90% and a return on equity of 19.91%. The company had revenue of $458.10 million for the quarter, compared to the consensus estimate of $457.87 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts expect that Microsemi Corporation will post $3.84 EPS for the current fiscal year.

Microsemi Corporation declared that its Board of Directors has initiated a stock repurchase plan on Thursday, July 27th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 43% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

MSCC has been the topic of a number of research reports. Zacks Investment Research raised shares of Microsemi Corporation from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. initiated coverage on shares of Microsemi Corporation in a research note on Friday, June 16th. They issued a “market perform” rating on the stock. Goldman Sachs Group, Inc. (The) raised shares of Microsemi Corporation from a “neutral” rating to a “buy” rating and decreased their price target for the company from $54.00 to $53.00 in a research note on Wednesday, July 5th. BidaskClub lowered shares of Microsemi Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $60.00 price target (up from $58.00) on shares of Microsemi Corporation in a research note on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $58.00.

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.

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

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