Teachers Advisors LLC increased its position in Microsemi Co. (NASDAQ:MSCC) by 63.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 959,792 shares of the semiconductor company’s stock after acquiring an additional 373,001 shares during the period. Teachers Advisors LLC’s holdings in Microsemi were worth $49,573,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Oakbrook Investments LLC boosted its holdings in Microsemi by 74.5% during the fourth quarter. Oakbrook Investments LLC now owns 10,820 shares of the semiconductor company’s stock worth $559,000 after buying an additional 4,620 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Microsemi by 27.4% during the third quarter. JPMorgan Chase & Co. now owns 162,570 shares of the semiconductor company’s stock worth $8,293,000 after buying an additional 34,994 shares during the last quarter. New Mexico Educational Retirement Board bought a new position in Microsemi during the fourth quarter worth about $1,477,000. Sei Investments Co. boosted its holdings in Microsemi by 20.3% during the fourth quarter. Sei Investments Co. now owns 333,667 shares of the semiconductor company’s stock worth $17,234,000 after buying an additional 56,237 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Microsemi during the fourth quarter worth about $365,000. Hedge funds and other institutional investors own 97.34% of the company’s stock.
A number of equities analysts have issued reports on MSCC shares. BidaskClub cut Microsemi from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Piper Jaffray Companies started coverage on Microsemi in a report on Monday, December 18th. They set an “overweight” rating and a $60.00 target price on the stock. Susquehanna Bancshares raised their target price on Microsemi to $70.00 and gave the stock a “positive” rating in a report on Wednesday, January 24th. Needham & Company LLC restated a “buy” rating and set a $70.00 target price (up previously from $61.00) on shares of Microsemi in a report on Thursday, January 25th. Finally, KeyCorp raised their target price on Microsemi to $70.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.32.
In other Microsemi news, Director Paul F. Folino sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $67.27, for a total transaction of $302,715.00. Following the transaction, the director now owns 1,070 shares of the company’s stock, valued at approximately $71,978.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.
Shares of Microsemi stock opened at $66.21 on Monday. The company has a market capitalization of $7,789.90, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.36 and a quick ratio of 1.55. Microsemi Co. has a 12 month low of $46.08 and a 12 month high of $67.52.
Microsemi (NASDAQ:MSCC) last released its earnings results on Thursday, January 25th. The semiconductor company reported $1.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The firm had revenue of $468.70 million for the quarter, compared to analysts’ expectations of $460.17 million. Microsemi had a return on equity of 21.50% and a net margin of 11.10%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. equities research analysts expect that Microsemi Co. will post 3.51 earnings per share for the current fiscal year.
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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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