Trexquant Investment LP increased its position in Microsemi Corporation (NASDAQ:MSCC) by 54.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,027 shares of the semiconductor company’s stock after buying an additional 4,227 shares during the quarter. Trexquant Investment LP’s holdings in Microsemi were worth $619,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in shares of Microsemi by 1.0% in the 2nd quarter. Pacer Advisors Inc. now owns 14,718 shares of the semiconductor company’s stock worth $689,000 after acquiring an additional 141 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Microsemi by 1.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,184 shares of the semiconductor company’s stock worth $430,000 after buying an additional 145 shares in the last quarter. Campbell Newman Asset Management Inc. increased its holdings in Microsemi by 4.7% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 6,234 shares of the semiconductor company’s stock valued at $292,000 after purchasing an additional 281 shares in the last quarter. Reliant Investment Management LLC increased its holdings in Microsemi by 0.5% during the 2nd quarter. Reliant Investment Management LLC now owns 61,075 shares of the semiconductor company’s stock valued at $2,858,000 after purchasing an additional 325 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Microsemi by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,793 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 395 shares during the last quarter. 97.49% of the stock is owned by institutional investors and hedge funds.

Shares of Microsemi Corporation (NASDAQ MSCC) opened at $52.85 on Friday. Microsemi Corporation has a 12 month low of $46.08 and a 12 month high of $57.97. The stock has a market capitalization of $6,403.00, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16. The company has a quick ratio of 1.29, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Microsemi (NASDAQ:MSCC) last released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $475.30 million for the quarter, compared to the consensus estimate of $474.97 million. During the same quarter last year, the business posted $0.91 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. equities research analysts forecast that Microsemi Corporation will post 3.57 earnings per share for the current fiscal year.

In related news, COO Paul H. Pickle sold 14,746 shares of Microsemi stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $52.48, for a total value of $773,870.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Goren sold 8,329 shares of Microsemi stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $52.54, for a total transaction of $437,605.66. The disclosure for this sale can be found here. Insiders have sold 233,553 shares of company stock valued at $12,462,747 over the last quarter. Company insiders own 0.57% of the company’s stock.

Several research firms have recently issued reports on MSCC. Zacks Investment Research lowered Microsemi from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Oppenheimer restated a “hold” rating on shares of Microsemi in a research report on Friday, November 10th. Needham & Company LLC restated a “buy” rating and issued a $61.00 price target on shares of Microsemi in a research report on Friday, November 10th. Finally, KeyCorp restated a “buy” rating and issued a $62.00 price target on shares of Microsemi in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. Microsemi has an average rating of “Buy” and an average target price of $61.11.

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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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