Microsemi Corporation (MSCC) Shares Sold by Allianz Asset Management GmbH
Allianz Asset Management GmbH decreased its holdings in shares of Microsemi Corporation (NASDAQ:MSCC) by 21.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,049,895 shares of the semiconductor company’s stock after selling 291,486 shares during the period. Allianz Asset Management GmbH owned approximately 0.91% of Microsemi worth $54,049,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. BT Investment Management Ltd purchased a new stake in Microsemi during the second quarter valued at about $979,000. Legal & General Group Plc raised its position in Microsemi by 23.7% during the second quarter. Legal & General Group Plc now owns 95,604 shares of the semiconductor company’s stock valued at $4,474,000 after purchasing an additional 18,321 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Microsemi during the second quarter valued at about $280,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Microsemi by 138.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 153,558 shares of the semiconductor company’s stock worth $7,187,000 after buying an additional 89,140 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Microsemi by 374.6% in the second quarter. Prudential Financial Inc. now owns 364,655 shares of the semiconductor company’s stock worth $17,066,000 after buying an additional 287,815 shares during the period. 97.54% of the stock is owned by institutional investors.
Microsemi Corporation (NASDAQ MSCC) opened at $51.10 on Thursday. Microsemi Corporation has a twelve month low of $46.08 and a twelve month high of $57.97. The stock has a market capitalization of $6,040.81, a PE ratio of 15.43, a P/E/G ratio of 1.15 and a beta of 1.14. The company has a current ratio of 1.92, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87.
Several research analysts have recently commented on the company. BidaskClub downgraded Microsemi from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research downgraded Microsemi from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Oppenheimer reiterated a “hold” rating on shares of Microsemi in a report on Friday, November 10th. Needham & Company LLC reiterated a “buy” rating and issued a $61.00 price objective on shares of Microsemi in a report on Friday, November 10th. Finally, KeyCorp reiterated a “buy” rating and issued a $62.00 price objective on shares of Microsemi in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $61.11.
In other Microsemi news, COO Paul H. Pickle sold 14,746 shares of Microsemi stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $52.48, for a total transaction of $773,870.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Paul H. Pickle sold 6,586 shares of Microsemi stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $53.09, for a total value of $349,650.74. Following the sale, the chief operating officer now directly owns 25,616 shares in the company, valued at $1,359,953.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 233,553 shares of company stock worth $12,462,747. 0.57% of the stock is owned by company insiders.
Microsemi 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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