Louisiana State Employees Retirement System trimmed its position in Microsemi Co. (NASDAQ:MSCC) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,800 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Microsemi were worth $1,539,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MSCC. CIBC Asset Management Inc acquired a new position in Microsemi in the third quarter worth about $203,000. Coldstream Capital Management Inc. acquired a new position in Microsemi in the third quarter worth about $211,000. BTC Capital Management Inc. acquired a new position in Microsemi in the third quarter worth about $214,000. GSA Capital Partners LLP acquired a new position in Microsemi in the second quarter worth about $247,000. Finally, Harvest Management LLC acquired a new position in Microsemi in the third quarter worth about $257,000. Institutional investors and hedge funds own 97.55% of the company’s stock.

A number of equities analysts have commented on MSCC shares. KeyCorp restated a “buy” rating and issued a $62.00 target price on shares of Microsemi in a research note on Friday, October 20th. Needham & Company LLC restated a “buy” rating and issued a $61.00 target price on shares of Microsemi in a research note on Friday, November 10th. Zacks Investment Research upgraded Microsemi from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, September 26th. Oppenheimer restated a “hold” rating on shares of Microsemi in a research note on Friday, November 10th. Finally, BidaskClub upgraded Microsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. One 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. The stock currently has an average rating of “Buy” and an average price target of $61.00.

Microsemi Co. (NASDAQ MSCC) opened at $58.18 on Friday. 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 Co. has a 52 week low of $46.08 and a 52 week high of $59.22. The company has a market capitalization of $6,836.27, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15.

Microsemi (NASDAQ:MSCC) last released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. The company had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $474.97 million. Microsemi had a return on equity of 20.82% and a net margin of 9.73%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. equities research analysts predict that Microsemi Co. will post 3.57 EPS for the current year.

In other news, Director Thomas Robert Anderson sold 1,000 shares of Microsemi stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.12, for a total transaction of $51,120.00. Following the sale, the director now owns 14,113 shares of the company’s stock, valued at $721,456.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Paul H. Pickle sold 69,482 shares of Microsemi stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $53.71, for a total value of $3,731,878.22. Following the sale, the chief operating officer now directly owns 88,512 shares in the company, valued at approximately $4,753,979.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 179,464 shares of company stock worth $9,627,795. Corporate insiders own 0.57% of the company’s stock.

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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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Institutional Ownership by Quarter for Microsemi (NASDAQ:MSCC)

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